Monday November 17, 09:38 AM
Glance-STOCKS NEWS EUROPE-Rodriguez shares plunge after sales drop
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Stocks on the move Real (Frankfurt: BJU.F - news) -time
Equity News
09:21GMT 17nov2008-Rodriguez shares plunge after sales drop
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Shares in luxury yacht company Rodriguez Group (Paris: FR0000062994 - news) lose as much as two-fifths of their value after it posts a 34 percent drop in fiscal 2007/08 consolidated sales as the financial cr
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The stock is 34 percent lower at 3.02 euros by 0910 GMT, making it the worst performer on the French index of 190 mid-and smallcap stocks and giving it a market value of 58 millio
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The stock has lost 86 percent so far this year, making it the second-worst performer among the 190 stocks.
'Market conditions have been strongly impacted by the financial and economic crisis,' CM-CIC Securities analyst Francis Pretre writes in a note. He suspends his price target for the stock.
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