| CATEGORY: BROKER RECOMMENDATIONS SECTOR: TRAVEL & LEISURE |
Broker tips: Domino's Pizza, Tanzanite One, Dawson Holdings |
|
Wed 01 Oct 2008
|
LONDON (SHARECAST) - KBC Peel Hunt has maintained its ‘buy’ rating on Domino’s Pizza after the pizza delivery firm saw like-for-like sales growth of 8.8% in the third quarter.
“Domino’s is in a class of its own on sales growth,” KBC Peel said.
The broker also noted that planning difficulties have relaxed, making it easier of the chain to open new outlets in high streets.
It keeps its 225p price target on Domino’s.
Ambrian has kept its ‘buy’ rating on Tanzanite One after the miner reported record production of the gemstone tanzanite in the nine months to September.
The broker noted that Tanzanite One is on course to continue raising production rates and pointed that that a recent bid for the company was strongly undervalued.
“The Gemfields unsolicited takeover offer of 45p per share was opportunistic in the prevailing general market conditions, at less than Tanzanite One's price just three months ago,” Ambrian said.
Tanzanite One rebutted the offer late last month.
Ambrian has a 75p target price on the Tanzanite.
Stockbroker Altium Securities has lifted its full-year pre-tax profit and EPS estimates for Dawson Holdings by 2%, after the newspaper distributor issued an upbeat trading statement Wednesday morning.
Dawson’s shares surged by about 15% in early trading after the company said full year results are expected to be slightly ahead of expectations.
Altium, which rates the stock a “buy”, has left its price target unchanged but noted that cash generation in the second half has been better than expected which should improve the debt situation.
|
|
| |
|
 |
Archived Stories |
 |
|
Front Page Stories |
|
|
