Broker Tips
Broker tips: Bellway, Kenmare Resources, Hammerson
Analysts at Canaccord Genuity raised their price target on British housebuilder Bellway to 3,590p from 3,450p on Wednesday, praising the group for delivering an improved full-year net asset value per share despite falling margins.
Canaccord raises price target on Bellway following strong NAV growth
Analysts at Canaccord Genuity raised their price target on British housebuilder Bellway to 3,590p from 3,450p on Wednesday, praising the group for delivering an improved full-year net asset value per share despite falling margins.
Berenberg lowers price target on Kenmare Resources following Q3 update
Over at Berenberg, analysts cut their price target on Irish mining company Kenmare Resources from 400p to 380p on Wednesday following the group's third-quarter results a day earlier.
RBC Capital downgrades Hammerson on valuation
Hammerson was in the red on Wednesday as RBC Capital Markets downgraded its stance on shares of the shopping centre owner to 'sector perform' from 'outperform' on valuation grounds.
Wednesday broker round-up
Hammerson: RBC Capital Markets downgrades to sector performer with a target price of 290p.