Broker Tips
Broker tips: Ashtead, JTC
Analysts at Berenberg initiated coverage on industrial and speciality equipment rental group Ashtead with a 'buy' rating and 7,000. 0p target price on Thursday, calling it the highest-quality company in the rentals sector.
RBC Capital lifts price target on JTC after Citi Trust deal
RBC Capital Markets lifted its price target on JTC on Thursday as it updated its forecasts for the first-half results, forex and the Citi Trust acquisition, assuming it completes at the end of H125.
Berenberg starts coverage of Ashtead at ‘buy’, shares jump
Berenberg initiated coverage of equipment rental firm Ashtead on Thursday with a ‘buy’ rating and 7,000p price target.
Broker tips: Hammerson, Marshalls, Warpaint London
Citi upgraded Hammerson to 'buy' from 'neutral' on Wednesday and lifted the price target to 43. 0p from 26. 0p, saying it was entering a "new positive up cycle".
Goldman upgrades InterContinental Hotels, downgrades Whitbread
Goldman Sachs upgraded InterContinental Hotels to ‘buy’ from ‘neutral’ on Wednesday and cut Premier Inn owner Whitbread to ‘neutral’ from ‘buy’ as it reshuffled its European-listed hotel ratings.
Goldman Sachs downgrades Hiscox, upgrades Lancashire
Goldman Sachs has downgraded non-life insurer Hiscox and upgraded sector peer Lancashire as part of its review of the European insurance sector.
Berenberg hikes target price on Warpaint London
Analysts at Berenberg hiked their target price on cosmetics group Warpaint London from 580. 0p to 680. 0p on Wednesday after the company delivered "significant" end-market outperformance and margin expansion in its interim report card.
RBC Capital starts Marshalls at ‘sector perform’
RBC Capital Markets initiated coverage of Marshalls on Wednesday with a ‘sector perform’ rating and 370p price target.
Citi upgrades Hammerson to ‘buy’
Citi upgraded Hammerson to ‘buy’ from ‘neutral’ on Wednesday and lifted the price target to 43p from 26p, saying it was entering a "new positive up cycle".
Broker tips: Auction Technology, Compass Group, THG
JPMorgan Cazenove upgraded Auction Technology on Tuesday to ‘overweight’ from neutral’ as it argued the shares are overly discounting earnings risk into 2025.
Jefferies cuts targets for THG, but stays upbeat on long-term potential
Jefferies has cut its target price for ecommerce group THG on the back of weaker-than-expected numbers for its Nutrition business, but said it was encouraged by improving momentum within the division going into the second half.
RBC Capital downgrades Compass to ‘sector perform’
RBC Capital Markets downgraded Compass Group on Tuesday to ‘sector perform’ from ‘outperform’ as shares are now trading ahead of its unchanged price target of 2,400p.
JPMorgan upgrades Auction Technology to ‘overweight’
JPMorgan Cazenove upgraded Auction Technology on Tuesday to ‘overweight’ from neutral’ as it argued the shares are overly discounting earnings risk into 2025.
Broker tips: Marks & Spencer, JTC
RBC Capital Markets lifted its price target on Marks & Spencer on Monday to 400p from 350p as it raised estimates on the ‘outperform’ rated stock, pointing to sales momentum and the recent re-rating of the UK food retail sector.
Berenberg lifts JTC price target after Citi Trust deal
Berenberg lifted its price target on JTC on Monday to 1,400p from 1,300p on the back of news it has acquired Citi Trust - the global fiduciary and trust administration services business - from Citigroup for $80m.
RBC Capital lifts Marks & Spencer target price
RBC Capital Markets lifted its price target on Marks & Spencer on Monday to 400p from 350p as it raised estimates on the ‘outperform’ rated stock, pointing to sales momentum and the recent re-rating of the UK food retail sector.
RBC hikes Travis Perkins targets, paints upbeat outlook
RBC Capital Markets has hiked its target price for Travis Perkins by more than a fifth, saying the builders merchant is well positioned ahead of the arrival of a new chief executive and chair-designate.
Citi lifts Tesco forecasts as market share continues to rise
Citi has lifted its target price for Tesco shares ahead of the supermarket giant's interim results next month, saying that the retailer's continued market share gains should be reflected in the figures.
Broker tips: James Fisher and Sons, Trainline
Canaccord Genuity has cut its rating for James Fisher and Sons from 'buy' to 'hold', saying that the marine engineering services group still has a long way to go in its turnaround.
Berenberg hikes target price on Trainline
Analysts at Berenberg raised their target price on digital rail and coach ticketing platform Trainline from 460. 0p to 475. 0p on Thursday following the release of the group's H1 trading update earlier in the morning.