Broker Recommendations
Broker tips: WPP, Moonpig
Citi has reiterated its 'buy' call on advertising and media giant WPP after the company rejected a KKR bid to take control of its corporate PR firm FGS Global.
Broker tips: Anglo American, Rio Tinto, Liontrust Asset Management
Berenberg downgraded Anglo American and Rio Tinto on Thursday as it took a look at metals and mining companies.
Broker tips: Future, Whitbread
Future surged on Wednesday as Jefferies upgraded the shares to ‘buy’ from ‘underperform’ and hiked the price target to 1,280p from 635p.
Broker tips: Segro, Admiral, Rolls-Royce
Citi has raised its target price for Segro from 1,069p to 1,149p and reiterated a 'buy' rating, hailing the industrial real estate group's structural growth ahead of an upcoming expected fall in interest rates.
Broker tips: Mitie, Rolls-Royce
Shares in facilities management and professional services company Mitie were on the rise on Monday after Deutsche Bank lifted its target price for the stock following the group's better-than-expected annual results.
Broker tips: SSP, Spectris, YouGov
Berenberg downgraded its stance on shares of Upper Crust owner SSP to ‘hold’ from ‘buy’ on Thursday and cut the price target to 180p from 280p as it said first-half results outlined earnings risks.
Broker tips: SSP, Rentokil, Aston Martin
Goldman Sachs downgraded SSP on Monday to ‘sell’ from ‘neutral’ "on a relative basis" as it took a look at European travel concessions.
Broker tips: Halma, Genuit
Analysts at Berenberg hiked their target price on safety equipment business Halma from 2,295. 0p to 2,450. 0p on Friday following the group’s full-year earnings report a day earlier.
Broker tips: Victrex, Great Portland
Analysts at Berenberg lowered their target price on high performance polymers business Victrex from 1,680. 0p to 1,491. 0p on Thursday, stating the group was "not out of the woods yet".
Broker tips: Whitbread, GB Group, Renew Holdings, Flutter Entertainment
Jefferies reiterated its ‘buy’ rating on Whitbread but lowered its target price on the stock to 4,000. 0p from 4,200. 0p on the back of the hospitality firm’s growth plans.
Broker tips: Intertek, GSK, HIkma Pharmaceuticals
Analysts at Berenberg hiked their target price on quality assurance business Intertek from 5,400. 0p to 5,500. 0p on Tuesday, citing faster-than-expected margin accretion.
Broker tips: DCC, FirstGroup
JPMorgan Cazenove reinstated coverage of DCC on Thursday with an 'overweight' rating and 6,700. 0p price target, stating that it was positive on the stock for three reasons.
Broker tips: Pearson, Future, Haleon
Citi opened a 90-day "positive catalyst watch" on Pearson shares on Wednesday as it pointed to an attractive risk/reward.
Broker tips: Future, Melrose Industries
Berenberg upgraded Future on Tuesday to ‘buy’ from ‘hold’ and hiked the price target to 1,310p from 850p following "positive" first-half results, which indicated that organic growth has troughed.
Broker tips: AutoTrader, Pets At Home, National Grid, St James's Place, Quilter
Shore Capital has cut its recommendation for online car marketplace Auto Trader from 'hold' to 'sell', saying the stock's valuation is now stretched following a decent run in recent months.