Broker Recommendations
Broker tips: C&C Group, Vistry, Countryside Properties
Analysts at Berenberg lowered their target price on brewer C&C Group from 345. 0p to 292. 0p on Friday despite stating the group appeared to be positioning itself for recovery.
Broker tips: Tharisa, Blue Prism, Centamin, Aveva
Analysts at Berenberg slightly lowered their target price on resources group Tharisa from 200. 0p to 190. 0p on Thursday, citing a mixture of higher royalties and FX-related headwinds.
Broker tips: Croda International, Hill & Smith, MusicMagpie
Goldman Sachs upgraded its stance on shares of Croda International to ‘buy’ from ‘sell’ and hiked its price target to 8,000p from 5,750p as it said the risk/reward was "positively skewed".
Broker tips: Speedy Hire, MJ Gleeson
Analysts at Liberum nudged up their target price on construction tools and equipment hire firm Speedy Hire from 82. 0p to 90. 0p on Tuesday, stating the group's strong balance sheet had boosted its outlook.
Broker tips: Premier Foods, Antofagasta, SSP Group
Shore Capital has reiterated its ‘buy’ recommendation on Premier Foods and upped its full-year profits estimates for the firm following a string of positive announcements from the owner of Mr Kipling.
Broker tips: Travis Perkins, Blue Prism, Hargreaves Lansdown
Analysts at Canaccord Genuity reiterated their 'buy' rating on builders' merchant Travis Perkins on Friday after having finally disposed of its plumbing and heating business.
Broker tips: Ferguson, NatWest, BT Group
Analysts at Canaccord Genuity raised their target price on plumbing and heating products distributor Ferguson from 9,100. 0p to 10,000. 0p on Thursday, stating "temporary positives" had amplified an already "strong" performance.
Broker tips: Royal Mail, C&C Group, Britvic
Analysts at Liberum raised their target price on Royal Mail from 480. 0p to 560. 0p on Wednesday but warned that the impact of an upcoming reduction to the working week was being underestimated.
Broker tips: Vistry, BP
Analysts at Berenberg raised their target price on construction firm Vistry from 1,270. 0p to 1,490. 0p on Tuesday, stating the group had continued to close the valuation gap.
Broker tips: Marshalls, Sage, Rolls-Royce, Hyve, Drax, SSE
Analysts at Berenberg raised their target price on paving firm Marshalls from 740. 0p to 790. 0p on Monday, stating the group was "continuing to deliver".
Broker tips: NCC Group, Spirax-Sarco, Marks & Spencer
Analysts at Canaccord Genuity upgraded software and services firm NCC Group from 'hold' to 'buy' and raised their target price on the stock from 265. 0p to 318. 0p on Friday, citing its "strategic acquisition" of IPM.
Broker tips: Diageo, Go-Ahead Group, UDG Healthcare, Ilika
Citi lifted its price target on Diageo on Thursday to 3,325p from 3,200p following the drinks maker’s trading update.
Broker tips: Tyman, Ashtead
Analysts at Liberum raised their target price on door and window components manufacturer Tyman from 425. 0p to 530. 0p on Wednesday after last week's "very strong trading update" from the group.
Broker tips: Victrex, Vodafone, Deliveroo
Analysts at Berenberg raised their target price on specialty chemicals firm Victrex from 2,100. 0p to 2,500. 0p on Tuesday, highlighting a first-half cyclical rebound and the potential for secular growth.
Broker tips: St Modwen, Midwich, Berkeley
Stifel downgraded its stance on shares of St Modwen to 'hold' from 'buy' on Monday but lifted the price target to 542. 0p from 450. 0p, bringing it in line with the proposed takeover offer received by the company from US private equity firm Blackstone last week.
Broker tips: RSA Insurance, Hill and Smith, Barratt Developments
Peel Hunt downgraded RSA Insurance on Friday to ‘hold’ from ‘buy’ but lifted the price target to 685p, which is the price it has agreed to be bought at by Intact Financial Corporation and Danish insurer Tryg.
Broker tips: Pearson, Flutter Entertainment, ConvaTec
Pearson rallied on Thursday as Exane BNP Paribas upgraded its stance on shares of the education publisher to ‘outperform’ and hiked the price target to 950. 0p from 700. 0p.
Broker tips: Bellway, Eckoh, Cineworld, HSBC, Barclays
Analysts at Berenberg raised their target price on construction firm Bellway from 3,240. 0p to 4,180. 0p on Wednesday, stating the group's record land buying showed "fresh confidence".