Ubisoft: Deutsche Bank reduces target price

(CercleFinance.com) - On Friday Deutsche Bank lowered its target price for Ubisoft shares from E28 to E24, but felt that it was still too early to call the release of the "Star Wars Outlaws" game a "flop".


The broker acknowledges that, with a 30% fall in the video game group's share price since its release on 30 August, the market seems to think otherwise...

In a note, the analyst acknowledges that reviews of the new opus in the Star Wars franchise have been less positive than expected, but puts into perspective the poor rating obtained on Metacritic (5.4/10), where - in his opinion - trolls tend to rule the roost.

Deutsche Bank prefers to focus on the good comments received from real users of the game, on both Playstation and Xbox, where the title obtained a much better score of 7.8/10, it points out.


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