LONDON, July 3 (newratings.com) - Analysts at Panmure Gordon maintain their "hold" rating on Communisis Plc (ticker: CMS.L). The target price has been reduced from 32p to 26p.
In a research note published this morning, the analysts mention that
the UK government's proposal to ban unsolicited credit card mailings is likely to have a negative impact on the company's future earnings. Communisis (LSE:
CMS.L -
news) ' revenues are likely to be restricted going forward by the difficulties facing the traditional printing market and the government order related to direct mailing, the analysts add. The EPS estimates for FY09 and FY10 have been reduced from 5.64p to 5.10p and from 5.83p to 5.20p, respectively.
© 2009 New Ratings
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