Broker Recommendations
Berenberg slashes target price on Focusrite following profit warning
Analysts at Berenberg slashed their target price on audio products manufacturer Focusrite from 700. 0p to 410. 0p on Tuesday following the group's profit warning a day earlier.
Berenberg nudges up target price on Team Internet Group
Analysts at Berenberg slightly raised their target price on global internet business Team Internet Group on Monday after the group's full-year results came in "marginally ahead" of numbers provided at the time of its trading update on 29 January.
RBC Capital hikes target price on Beazley
Analysts at RBC Capital Markets hiked their target price on specialist insurance business Beazley from 775. 0p to 975. 0p on Monday, stating the stock's "re-rating journey starts here".
RBC Capital downgrades Centrica
RBC Capital Markets downgraded British Gas owner Centrica on Monday to ‘sector perform’ from ‘outperform’ as it revisited the company’s capex opportunities and assessed where it now stands on future growth options.
Shore Capital downgrades Intertek to 'sell'
Analysts at Shore Capital downgraded Intertek from 'hold' to 'sell' on Friday following the group's recent results.
Shore Cap ups rating on British Land, Derwent
Shore Capital has upgraded British Land and Derwent London to ‘buy’ in its latest review of the UK real estate sector.
Jefferies upgrades Mondi after YTD underperformance
Jefferies upgraded its rating on packaging firm Mondi on Friday following year-to-date underperformance.
RBC hails cash flow potential at Glencore, keeps at 'outperform'
RBC Capital Markets has reiterated its 'outperform' rating on Glencore following the mining and commodities giant's annual results last month, saying its cash generation potential remains "solid".
RBC Capital downgrades CVS Group on CMA review
RBC Capital Markets downgraded CVS Group on Friday to ‘sector perform’ from ‘outperform’ and slashed the price target to 1,200p from 2,100p after the UK Competition and Markets Authority said it had provisionally decided to launch a formal investigation into the vet market.
IG Group offers "deep value", says Shore Capital
IG Group's share price advanced on Thursday as the market gave a positive reaction to the firm's third-quarter update and the departure of its chief financial officer and chief operating officer, with broker Shore Capital providing an extra lift by saying the stock offers "deep value".
Berenberg halves target price on Victoria
Analysts at Berenberg slashed their target price on floorings manufacturer Victoria from 600. 0p to 300. 0p on Thursday but reiterated their 'buy' rating on the stock.
Berenberg ups Harbour Energy to 'buy'
Berenberg upgraded Harbour Energy on Wednesday to ‘buy’ from ‘hold’ and lifted the price target to 360p from 280p as it said that cash flow supports higher returns.
Jefferies downgrades IHG to 'hold', raises target price
Analysts at Jefferies lowered their rating on hospitality giant Intercontinental Hotels from 'buy' to 'hold' on Wednesday but raised their target price on the stock from 6,400. 0p to 8,400. 0p.
RBC Capital starts Marlowe at ‘outperform’
RBC Capital Markets initiated coverage of Marlowe on Wednesday with an ‘outperform’ rating and 630p price target.
JPMorgan upgrades Flutter Entertainment to 'overweight'
JPMorgan Cazenove lifted its stance on Flutter Entertainment on Wednesday to ‘overweight’ from ‘neutral’ and hiked the price target to 21,300p from 16,300p.
Berenberg raises target price on Quilter following FY results
Analysts at Berenberg raised their target price on wealth manager Quilter from 95. 0p to 105. 0p on Tuesday, stating that recent reductions in expenses ensured that it will deliver an earnings beat.
RBC Capital Markets lifts Rentokil price target
RBC Capital Markets upped its price target on Rentokil on Tuesday to 590p from 575p and maintained its ‘outperform’ rating.
Deutsche Numis reiterates 'buy' rating on Darktrace
Deutsche Numis reiterated its ‘buy’ recommendation and 520p price target on Darktrace on Monday as it said first-half profitability was "materially" ahead of expectations.
Berenberg lifts Admiral price target
Admiral rallied on Monday as Berenberg lifted its price target on the shares to 2,973p from 2,961p after results last week.
Jefferies sees more upside at Drax despite recent rally
Jefferies has lifted its target price for Drax from 580p to 600p and reiterated a 'buy' rating after the electricity services group's strong full-year results last month.