Shares in price comparison website GoCompare fell 1.75p, or 2.5%, to 69.25p following a warning from Investec that the company would struggle to succeed in a "noisy" and "competitive" market. The Investec analyst slapped a Sell rating on the shares and a 57p target price, suggesting it will have a rough first year as a standalone stock. The firm said it was concerned about the impact of competition on its business model as well as concerns over how much debt it had taken on.
Shares in price comparison website GoCompare fell 1.75p, or 2.5%, to 69.25p following a warning from Investec that the company would struggle to succeed in a "noisy" and "competitive" market. The firm said it was concerned about the impact of competition on its business model as well as concerns over how much debt it had taken on.