Deutsche Bank puts out 'sell' rating on Trinity Mirror shares - Press Gazette

Deutsche Bank puts out 'sell' rating on Trinity Mirror shares

Trinity Mirror’s shares took a dip this morning after Deutsche Bank downgraded its guidance on the national and regional publisher from ‘hold’ to ‘sell’, according to Reuters.

Trinity’s share price was down to 12-3/4 pence at 292-1/2 by 10.38am today and the bank has put the company’s advertising revenues forecast on a par with rival Johnston Press,

Deutsche’s Johnston forecast was made before early April’s housing/mortgage problems, meaning the reality for both companies could be worse. The bank put its Trinity target price down from 340 to 250 pence.

 

SIGN UP HERE FOR

FUTURE OF MEDIA

Press Gazette's must-read weekly newsletter featuring interviews, data, insight and investigations.