Is it irrelevant, or will the Upgrade make the Jackpotjoy share price more attractive?

• Peel Hunt upgrades to Buy, with a price target 1000p.
• Consensus summary: 6 Buys, 0 Holds, 0 Sell; Average target: 100p (Source: Bloomberg).
• Current share price 760p (at time of writing).
• Shares currently trade -7.2% from 2019 highs; +26.7% from 2019 lows; -19.1% year-to date
• 17 Jun: Gamesys deal makes JPJ a good bet says Peel Hunt
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Jackpotjoy – An Example

Let’s say you think that Jackpotjoy shares have upside potential as result of this broker upgrade. You decide to buy exposure to £10,000 worth of Jackpotjoy using a CFD, at the current price of 760p. To do this, you need £2,000.

For the purpose of this example, let’s assume the Jackpotjoy share price rises to the consensus target of 1000p (+31%). Your profit would be £3100 from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 5% from the current price. Jackpotjoy shares fall 5% and hit your stop-loss. Your loss would be £500

This is provided for information purposes only. It should not be taken as a recommendation.