UBS: Reuters Share PriceToo High?
ORGANIZATION & STRATEGY
Reuters’ share price has skyrocketed 170 percent since its low in March, but analysts at UBS warn it may now be too high.
The share price reached 259p last week, a sharp increase from March 12, 2003, when it dipped to 95.25p, its lowest point in 15 years. The price reached its highest point this year, 272p, on Aug. 22.
UBS media analysts Polo Tang and Jeff Meys say the price increase is partly based on the market’s desire to play high-beta stocks as well as on an increasing confidence in
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