Broker Tips
Broker tips: Savannah Petroleum, Bellway, National Express
Analysts at ShoreCap reiterated their 'buy' recommendation for shares of Savannah Petroleum, telling clients that the unsecured loan faclity into which it had entered on the same day was "entirely consistent with our expectations" and that they continued to anticipate a "much higher share price" on the acquisition of assets from Seven Energy was completed.
ShoreCap stays at 'buy' on Savannah Petroleum, sees 'much higher' share price
Analysts at ShoreCap reiterated their 'buy' recommendation for shares of Savannah Petroleum, telling clients that the unsecured loan facility into which it had entered on the same day was "entirely consistent with our expectations" and that they continued to anticipate a "much higher share price" on the acquisition of assets from Seven Energy was completed.
Friday broker round-up
Royal Bank of Scotland: JP Morgan upgrades to overweight with a target price of 280p.
Canaccord Genuity raises target price on National Express to reflect higher value for ALSA unit
Analysts at Cannacord Genuity bumped up their target price on shares of National Express, highlighting to clients the company's "best-in-class" margins in nearly all its business units and telling them to expect sustained profit growth over the following years.
Berenberg lowers target on Bellway, but judges valuation 'undemanding'
Analysts at Berenberg reiterated their recommendation to 'buy' shares of Bellway, pointing to the company's "stellar" long-term track record and undemanding valuation to back up their case.