Marlowe shares worthy of attention following placing, says Berenberg

Following the placing, Berenberg pointed out that Marlowe has roughly £45m of financial firepower, which it expects to be deployed on "a strong pipeline of future acquisition opportunities", driving further upgrades over the remainder of the year.

Berenberg said: "We think Marlowe is an equity story worth bringing to the attention of a wider audience.

"It has doubled in size since the start of 2019, its shares are increasingly liquid, and it has an excellent track record of both growth (33% earnings per share compound annual growth rate since 2017) and upgrades."

With disclosure also improving, the German bank added that it was "increasingly positive" on Marlowe and reckons the stock offers a "material opportunity" for shareholders over the coming years.

Berenberg reiterated its 'buy' rating and 660.0p price target on the stock.