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Ubisoft: TP ICAP Midcap still a buyer, TP E50

(CercleFinance.com) - On Wednesday, TP ICAP Midcap renewed its buy recommendation on Ubisoft shares, along wit its E50 target price, citing the lukewarm reception of its new game, Star Wars Outlaws.


While the gold version (development completed) of the new title was released yesterday, the broker noted that, with an average Metacritic score of 77, the gamer community's response had been decent - but no more than that.

Management's relative optimism at the time of its last publication was therefore justified, with sales likely to be 'solid', while not exceptional, the broker adds.

According to TP ICAP Midcap, the big performances of the year will therefore come from 'Assassin's Creed', due on 12 November, but also from the back-catalogue, still buoyed by 'Tom Clancy's Rainbow Six Siege | Ubisoft, which had another fine summer.


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