NZME says positive broker report behind share price rise

Tue, 06 Jul 2021

Newspaper publisher and radio broadcaster NZME said news that sharebroker Jarden rated its shares a 'buy' may explain the recent increase in its share price.NZX queried NZME on Monday about the 16.9% rise in its share price from 77 cents on July 1 to 90c by midday Monday.NZME replied that it continues to comply with its continuous disclosure obligations."We would note that on the evening of Wednesday, July 30, Jarden issued a report by Arie Dekker that upgraded NZME to a 'buy' rating with a target price of $1.04," the...

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