Broker Tips
Berenberg initiates coverage of ICG at ‘buy’
Berenberg started coverage of capital asset manager International Capital Group at ‘buy’ on Thursday with a 2,600p price target.
Jefferies starts coverage of Quilter at ‘buy’
Jefferies initiated coverage of Quilter on Thursday with a ‘buy’ rating an 175p price target as it said catalysts were coming.
Broker tips: Ibstock, Forterra, Volution
Jefferies upgraded both Ibstock and Forterra on Wednesday to ‘buy’ from ‘hold’ "given the current compelling demand-supply dynamic in the UK brick sector".
Davy downgrades Volution to ‘neutral’
Davy downgraded its stance on Volution on Wednesday to ‘neutral’ from ‘outperform’.
Jefferies upgrades Ibstock, Forterra to ‘buy’
Jefferies upgraded both Ibstock and Forterra on Wednesday to ‘buy’ from ‘hold’ "given the current compelling demand-supply dynamic in the UK brick sector".
HSBC hikes target price on Morgan Sindall
Analysts at HSBC raised their target price on construction firm Morgan Sindall from 2,930. 0p to 3,615. 0p on Tuesday following the group's trading update.
Broker tips: SSE, Morgan Sindall
Analysts at Berenberg hiked their target price on utilities giant SSE from 2,100. 0p to 2,300. 0p on Tuesday, stating the group's quasi-regulated business mix had served it well through the energy market turmoil of recent years.
Berenberg hikes target price on SSE
Analysts at Berenberg hiked their target price on utilities giant SSE from 2,100. 0p to 2,300. 0p on Tuesday, stating the group's quasi-regulated business mix had served it well through the energy market turmoil of recent years.
Broker tips: Intertek, Cerillion, Future, Midwich
RBC Capital Markets downgraded Intertek on Monday to 'sector perform' from 'outperform' and cut its price target on the stock to 5,000. 0p from 5,200. 0p.
Berenberg lowers target price on Midwich Group
Analysts at Berenberg lowered their target price on technology distributor Midwich Group from 620. 0p to 500. 0p on Monday following the company's unscheduled trading update.
Canaccord Genuity hikes target price on Cerillion
Analysts at Canaccord Genuity hiked their target price on software firm Cerillion from 1,675. 0p to 2,000. 0p on Monday following the group's FY24 trading update.
JPMorgan stays positive about Future despite CEO exit
Future’s share price took a dive last week after the unexpected departure of chief executive Jon Steinberg, but the news didn’t dissuade JPMorgan from changing its positive view on the publishing and events company.
RBC Capital downgrades Intertek to ‘sector perform’
RBC Capital Markets downgraded Intertek on Monday to ‘sector perform’ from ‘outperform’ and cut the price target to 5,000p from 5,200p.
Broker tips: Rio Tinto, Bunzl
Analysts at Berenberg lowered their target price on mining giant Rio Tinto from 6,200. 0p to 6,000. 0p on Friday following the group's Q3 operational review.
Berenberg lowers target price on Rio Tinto
Analysts at Berenberg lowered their target price on mining giant Rio Tinto from 6,200. 0p to 6,000. 0p on Friday following the group's Q3 operational review.
Citi downgrades Bunzl to 'neutral' from 'buy'
Citi downgraded Bunzl on Friday to ‘neutral’ from ‘buy’ after a run-up in the shares, but kept its 3,700p price target.
Broker tips: Plus500, Quilter
Analysts at Canaccord Genuity downgraded capital markets business Plus500 from 'speculative buy' to 'hold' on Thursday but hiked their target price on the stock from 1,883. 0p to 2,650. 0p ahead of the group's Q3 trading update on 28 October.
Berenberg slightly raises target price on Quilter
Analysts at Berenberg slightly raised their target price on wealth management firm Quilter from 135. 0p to 140. 0p on Thursday, stating Q3 had been "a stellar quarter" for flows.
Canaccord Genuity downgrades Plus500 to 'hold'
Analysts at Canaccord Genuity downgraded capital markets business Plus500 from 'speculative buy' to 'hold' on Thursday but hiked their target price on the stock from 1,883. 0p to 2,650. 0p ahead of the group's Q3 trading update on 28 October.
Broker tips: On The Beach, Bellway
Canaccord Genuity lowered its target price on packaged holidays business On The Beach from 220. 0p to 187. 0p following the group's recent trading update.