Broker Recommendations
Broker tips: Ultra Electronics, Restore
Analysts at Berenberg bumped up their target price on shares of Ultra Electronics following the comapny's latest Capital Markets Day.
Broker tips: Elementis, 3i
Berenberg raised its target price on chemicals firm Elementis from 180p to 200p on Wednesday, stating that supply and demand in the speciality talc market was likely to improve over the next few years.
Broker tips: Petra Diamonds, BAE Systems, Avast
Analysts at Berenberg revised their target price for miner Petra Diamonds slightly higher on Tuesday following a first half of trading which they described as a "mixed bag".
Broker tips: Computacenter, Gresham House, Just Eat
Analysts at Berenberg upgraded Computacenter to 'buy' on Monday, stating they'd previously slapped the group with a 'hold' rating "too early".
Broker tips: Polymetal, Rathbone Brothers, Schroders, Standard Life Aberdeen
Analysts at Berenberg lowered their target price on shares in precious metals mining outfit Polymetal shares from 1,480p to 1,420p on Friday but noted that the group remained one of its "favoured names" in the gold space, adding that it saw potential for a special dividend.
Broker tips: Close Brothers, Renishaw, Aston Martin Lagonda
Analysts at Berenberg lowered their target price on merchant banking group Close Brothers' shares to 1,410. 0p from 1,460. 0p following the second consecutive cautious trading update from the company.
Broker tips: Experian, N Brown, Ferguson, Travis Perkins
Morgan Stanley upped its rating on shares of credit-checking firm Experian to ‘overweight’ from ‘equalweight’ on Wednesday as it pointed to a change in regulation in Brazil that should benefit the group.
Broker tips: Spire Healthcare, Fevertree
Jefferies downgraded its stance on shares of private healthcare provider Spire Healthcare to ‘underperform’ on Tuesday, as it said the rally since 3 October, when it upgraded to ‘hold’, gives an "unfavourable risk/reward" to the stock.
Broker tips: Asos, Capita, ConvaTec
Morgan Stanley downgraded shares of online fashion retailer ASOS to ‘underweight’ from ‘equalweight’ on Monday, cutting the price target to 2,000p from 2,100p as it argued that consensus medium-term forecasts are "still much too high".
Broker tips: Whitbread, Ashtead, Tullow Oil
Analysts at Canaccord Genuity lowered their target price on Premier Inn operator Whitbread to 4,250p from 4,500p on Friday following the group's "disappointing" third-quarter update in the previous session.
Broker tips: Spirent, Diageo, GlaxoSmithKline
Analysts at Barclays Research downgraded their view on shares of Spirent from 'equalweight' to 'underweight', telling clients that the stock's valuation was "out of sync" with testing peers.
Broker tips: RBS, TalkTalk, Capita, Aston Martin Lagonda
Royal Bank of Scotland was under the cosh on Wednesday after Barclays downgraded its stance on the shares to ‘underweight’ from ‘equalweight’.
Broker tips: Spirent Communications, EasyJet, Wizz Air
Analysts at Canaccord Genuity raised their price target on shares of British telecommunications testing company Spirent from 205p to 230p on Tuesday to reflect some strong gross margins and lower opex highlighted in the group's recent update.
Broker tips: Ted Baker, Man Group, JD Sports
RBC Capital Markets downgraded its recommendation on Ted Baker on Monday as it took a look at premium apparel stocks.
Broker tips: Polymetal, SIG, Domino’s, Mitchells & Butlers
Berenberg upgraded Polymetal International to ‘buy’ from ‘hold’ on Friday and lifted the price target to 1,480p from 1,140p following a rally in gold prices.
Broker tips: Breedon, John Wood Group, Computacenter
Analysts at Berenberg upped their target price on British construction firm Breedon on Thursday following the group's conditional agreement to acquire part of CEMEX UK's assets.
Broker tips: Chemring, Imperial Brands
Analysts at Berenberg hiked their target price on aerospace and defence firm Chemring from 200p to 235p on Wednesday, stating the group's recent full-year results had provided further evidence of the "improving quality and momentum" of the business.
Broker tips: SSE, Rentokil Initial, Marks & Spencer
Goldman Sachs downgraded shares of SSE to ‘neutral’ from ‘buy’ on Tuesday following outperformance.
Broker tips: On the Beach, St James's Place
Analysts at Berenberg upped their target price on UK-based travel retailer On the Beach from 480p to 540p on Monday, stating the shuttering of Thomas Cook last September had presented the group with "a significant opportunity" to achieve a step-change in market share.