Broker Recommendations
Broker tips: Rolls-Royce, DMGT, WPP
There are three new reasons for investors to cut their holdings in Rolls-Royce, JP Morgan said as it reduced its price target on the engine maker.
Broker tips: Polymetal, Admiral
Analysts at Berenberg raised their target price on precious metals miner Polymetal from 1,840p to 2,200p on Thursday after the group's first-half results came in line with expectations.
Broker tips: Shell, Cranswick, WH Smith, Travis Perkins
Barclays downgraded Shell to ‘underweight’ from ‘equal-weight’ on Wednesday, saying that while the company has the potential to deliver significant fresh cash flow in the long term, it screens as expensive relative to its near-term industrial performance.
Broker tips: Ashtead, Bunzl
Analysts at JP Morgan slightly raised their revenue and underlying earnings estimates for equipment rental company Ashtead on Tuesday ahead of the group's first-quarter results in early September.
Broker tips: Cineworld, Premier Oil
Peel Hunt said on Monday that Cineworld presents "an attractive buying opportunity" for investors with an appetite for material risk.
Broker tips: Hammerson, DCC, Antofagasta
Analysts at RBC Capital Markets cut their target price on real estate investment trust Hammerson from 65. 0p to 55. 0p on Friday, stating the group's planned restructuring marked a "big change in strategy".
Broker tips: M&G, Travis Perkins, Cranswick
Deutsche Bank downgraded its stance on shares of asset manager M&G to ‘hold’ from ‘buy’ on Thursday, cutting the price target to 195p from 210p as it argued that while first-half results were a positive surprise, underlying trends appear weak.
Broker tips: Hammerson, Associated British Foods
Analysts at Liberum upped real estate firm Hammerson from 'sell' to 'hold', stating that facts surrounding the group had changed.
Broker tips: Mears, Rightmove, William Hill
Analysts at Liberum slightly dropped their target price on housing and social care provider Mears Group on Tuesday from 150. 0p to 130. 0p as the company's first-half results were largely in line with expectations.
Broker tips: Burberry, Persimmon, Synthomer
Jefferies upgraded Burberry to ‘hold’ from ‘underperform’ on Monday, lifting the price target to 1,400p from 1,250p given recent underperformance and its conviction that metrics will move sideways now rather than deteriorate.
Broker tips: Codemasters, Domino’s Pizza
Analysts at Berenberg hiked their target price on video games developer Codemasters from 400. 0p to 480. 0p on Friday, stating the group presented a "substantial" discount to peers.
Broker tips: Asos, John Laing, Softcat
Liberum upped its stance on shares of online retailer Asos to ‘hold’ from ‘sell’ on Thursday following the company’s upbeat update a day earlier, hiking the price target to 5,000p from 2,450p.
Broker tips: IAG, IWG, Dunelm
Davy cut its rating on IAG shares to 'neutral' ahead of an imminent painful rights issue for the owner of British Airways.
Broker tips: Plus500, Rightmove
House broker Liberum hiked its price target on shares of Plus500 to 1,950p from 1,680p following a "record-breaking" set of results.
Broker tips: XP Power, Ocado, Hastings
Analysts at Berenberg hiked their target price on power supplies manufacturer XP Power from 4,150p to 4,980p on Monday, stating the group's "impressive" first-half performance showed that it was now gaining momentum.
Broker tips: Flutter Entertainment, Ibstock
Analysts at Berenberg hiked their target price on bookmaker Flutter Entertainment from 7,000. 0p to 10,400. 0p on Friday but said they were still "sitting on the bench" when it came to the stock for now as their 'hold' rating was reiterated.
Broker tips: XP Power, Hummingbird Resources, Rotork
Liberum initiated coverage on electrical component manufacturer XP Power at 'buy' on Thursday, stating that an acceleration in earnings growth would drive a re-rating in the group's shares.
Broker tips: Keywords Studios, Morgan Sindall, Tesco
Analysts at Berenberg raised their target price on IT services management group Keywords Studios on Wednesday from 1,700. 0p to 2,250. 0p after the group's first-half numbers came in ahead of expectations amid an improving outlook.
Broker tips: Spire Healthcare, BT, Beeks Financial Cloud
Liberum upgraded its rating on Spire Healthcare to ‘buy’ from ‘hold’ on Tuesday, saying that while Covid-19 has effectively put the business "in deep freeze for 2020", the private hospital operator is set to benefit from a surge in NHS waiting lists.
Broker tips: IAG, Pets At Home
Analysts at Berenberg lowered their target price on British Airways parent International Consolidated Airlines from 375. 0p to 300. 0p on Monday but said IAG's planned equity raise paved the way for "unrivalled consolidation" and dividend flexibility.