Broker Tips
Davy starts coverage of De La Rue at 'outperform'
Davy initiated coverage of banknote printer De La Rue on Thursday with an ‘outperform’ rating and 160p price target, which provides 70% upside.
ShoreCap downgrades Capita, cites impact of NICs changes
Shore Capital downgraded its stance on Capita on Thursday to ‘hold’ from ‘buy’ ahead of detailed guidance on the potential negative impact from changes to National Insurance contributions announced in last month’s Budget.
Shore Capital upgrades Spirax to 'hold', considers stock "fair value"
Shares in Spirax were rising on Thursday after the company delivered a solid third-quarter update, with shares supported by a broker upgrade from Shore Capital which lifted the stock from 'sell' to 'hold'.
Broker tips: Oxford Instruments, Serco
Analysts at Berenberg lowered their target price on manufacturing and research company Oxford Instruments from 2,925. 0p to 2,830. 0p on Wednesday, citing a "strong underlying performance".
Berenberg lowers target price on Oxford Instruments
Analysts at Berenberg lowered their target price on manufacturing and research company Oxford Instruments from 2,925. 0p to 2,830. 0p on Wednesday, citing a "strong underlying performance".
ShoreCap downgrades Serco to ‘hold’
Shore Capital downgraded Serco on Wednesday after the outsourcer said last week that it had lost its long-running Australian immigration detention centres contract and estimated that changes to employer national insurance contributions would increase labour costs by £20m a year.
Broker tips: Direct Line, Morgan Advanced Materials, Melrose Industries, Pan African Resources
Jefferies downgraded Direct Line on Tuesday to 'hold' from 'buy' and cut its price target on the stock to 165. 0p from 235. 0p, stating the industry-wide turn to deflation meant that the time to raise prices ahead of inflation without materially contracting the policy count has now passed.
Berenberg raises target price on Pan African Resources
Analysts at Berenberg raised their target price on Pan African Resources from 34. 0p to 45. 0p on Tuesday after the group announced that it had agreed to acquire Australia's Tennant Consolidated Mining Group.
Citi highlights reassuring Melrose Industries site visit
Citi said in a note on Tuesday that a recent site visit at Melrose Industries’ Western Approach highlighted "a number of industry-leading technologies".
Deutsche Bank slashes forecasts for Morgan Advanced Materials
Deutsche Bank has lowered its target price for Morgan Advanced Materials (MGAM) from 320p to 295p after the carbon and ceramic materials maker lowered its guidance last week.
Jefferies downgrades Big Yellow and PRS in REIT sector review
Jefferies on Tuesday announced a number of ratings changes to its coverage of the UK real estate investment trust (REIT) sector, downgrading its recommendations for Big Yellow Group and PRS Reit but upgrading its stance on Landsec.
Jefferies downgrades Direct Line to ‘hold’
Jefferies downgraded Direct Line on Tuesday to ‘hold’ from ‘buy’ and cut the price target to 165p from 235p.
Broker tips: Trustpilot, Ceres Power, Vistry
Deutsche Bank initiated coverage of review platform Trustpilot on Monday with a ‘buy’ rating and 331p price target.
Deutsche Bank starts coverage of Trustpilot at 'buy'
Deutsche Bank initiated coverage of review platform Trustpilot on Monday with a ‘buy’ rating and 331p price target.
Berenberg slashes Vistry price target after profit warning
Berenberg slashed its price target on Vistry on Monday to 750p from 1,000p after the housebuilder issued another profit warning last week.
Jefferies upgrades Ceres Power to ‘buy’, hikes price target
Jefferies upgraded Ceres Power on Monday to ‘buy’ from ‘hold’ and lifted the price target to 265p from 190p as it took a look at renewable energy stocks.
Broker tips: Auto Trader, Great Portland Estates, Relx
Analysts at Berenberg lowered their target price on Auto Trader from 880. 0p to 830. 0p on Friday, stating the group's "noisy" H1 had raised questions.
JPMorgan hikes Relx price target
JPMorgan Cazenove lifted its price target on Relx on Friday to 4,550p from 4,200p to reflect an acceleration in the Legal and STM (scientific, technical & medical) divisions driven by generative AI.
Deutsche Bank downgrades Greggs and Mitchells & Butlers after budget tax changes
Deutsche Bank has downgraded its ratings for Greggs and Mitchells & Butlers in light of the governments recent changes to employer national insurance contributions, saying that they disproportionately impact a "labour-intensive leisure sector".
Most attractive time in the last decade to buy GPE, says Citi
Citi upgraded its stance on Great Portland Estates on Friday to ‘buy’ as it said it was the most attractive time to buy in the last decade.