Broker Recommendations
Broker tips: Howden Joinery, Entain, Johnson Service Group
Analysts at Canaccord Genuity raised their target price on building supplies retailer Howden Joinery from 710. 0p to 735. 0p on Friday, stating the strength of the group's business model evident in its performance.
Broker tips: Reckitt Benckiser, Medica
Analysts at Berenberg lowered their target price on household and personal care products group Reckitt Benckiser from 9,100. 0p to 8,385. 0p on Thursday but stated the company's turnaround was still "well on track".
Broker tips: ITM Power, Netcall, Greencore, InterContinental Hotels
JP Morgan Cazenove has initiated coverage of renewable energy specialist ITM Power with an 'overweight' rating.
Broker tips: Future, Smurfit Kappa, DS Smith
Analysts at Berenberg hiked their target price on British media company Future from 2,280. 0p to 2,600. 0p on Tuesday after the firm stated it expects 2021 full-year adjusted underlying earnings to be materially ahead of expectations.
Broker tips: Smith & Nephew, Glencore, Air Partner
Analysts at Berenberg lowered their target price on medical equipment manufacturer Smith & Nephew from £20. 05 to £19. 85 on Monday, stating the group had sacrificed today "for a better tomorrow".
Broker tips: Barclays, Hochschild
Analysts at Deutsche Bank raised their target price on Barclays from 180. 0p to 200. 0p on Friday, stating that the lower UK income outlined by the bank recently "should have been expected".
Broker tips: Berkeley, Marlowe, Ashtead
UBS lifted its price target on housebuilder Berkeley to 6,037. 0p from 5,882. 0p on Thursday and reiterated its 'buy’ rating as it highlighted upside of more than 7,000. 0p.
Broker tips: Gulf Keystone, Shaftesbury, Capital & Counties
Analysts at Canaccord Genuity raised their target price on exploration and production firm Gulf Keystone from 215. 0p to 235. 0p on Wednesday, stating the group's recent reserves update had confirmed the scale of the Shaikan field, of which it holds an 80% working interest.
Broker tips: Cerillion, Royal Mail
Analysts at Canaccord Genuity raised their target price on software firm Cerillion from 350. 0p to 465. 0p on Tuesday, stating that demand was "good" but also noting that execution was "key".
Broker tips: Polypipe, Ashmore, Jet2, Moneysupermarket
Analysts at Berenberg raised their target price on plastics pipe company Polypipe from 540. 0p to 610. 0p on Monday, stating recent acquisitions aided the company's structural growth story.
Broker tips: MJ Gleeson, Carnival, John Laing
Analysts at Canaccord Genuity raised their target price on householder MJ Gleeson from 810. 0p to 850. 0p on Friday after the group's interim results confirmed "a good recovery" from 2020's initial lockdown.
Broker tips: National Express, Brewin Dolphin
Analysts at Berenberg raised their target price on transportation outfit National Express from 280. 0p to 360. 0p on Thursday, stating the group still had "more mileage left to cover".
Broker tips: National Express, Dr Martens, Ocado
Analysts at Canaccord Genuity raised their target price on public transport provider National Express from 255. 0p to 330. 0p on Wednesday, stating it was "increasingly confident" that the firm's financial performance will "largely return to normal" in 2022.
Broker tips: SolGold, Spirent Communications, Asos, Electrocomponents
Analysts at Liberum lowered their target price on mining outfit SolGold from 55. 0p to 39. 0p on Tuesday after the group again delayed publication of a pre-feasibility study.
Broker tips: Taylor Wimpey, Weir, JD Sports, Just Group
Jefferies upgraded Taylor Wimpey to ‘buy’ from ‘hold’ on Monday citing improving risk/reward.
Broker tips: Burberry, Barratt Developments, Johnson Matthey
Goldman Sachs upgraded its stance on luxury brand Burberry to ‘neutral’ from ‘sell’ and lifted the price target to 1,690p from 1,595p as it said the risk/reward is now more balanced.
Broker tips: Hummingbird Resources, GlaxoSmithKline
Analysts at Berenberg slashed their target price on Hummingbird Resources from 62. 0p to 39. 0p on Thursday following the group's fourth-quarter production miss.
Director dealings: M&C Saatchi CEO snaps up shares
M&C Saatchi revealed on Thursday that chief executive Moray MacLennan had acquired 561,798 ordinary shares in the AIM-listed advertising agency.
Broker tips: Tullow Oil, SSP, Unite, Polypipe, Redrow
Analysts at Canaccord Genuity have lowered their target price on exploration and production outfit Tullow Oil from 33. 0p to 20. 0p and dropped their rating on the stock from 'hold' to 'sell'.
Broker tips: Asos, Tate & Lyle
Analysts at Berenberg raised their target price on retailer Asos from 6,500. 0p to 6,800. 0p on Tuesday following its acquisition of the Topshop, Topman, Miss Selfridge and HIIT brands a day earlier.