Broker Recommendations
Canaccord raises target for Petropavlovsk after revising gold price deck higher
Cannacord Genuity raised its target price for shares of Petropavlovsk to reflect higher assumptions for the company's received price of gold in 2019-22.
ShoreCap cuts 'fair value' estimate for Man Group after negative Q3 AuM surprise
ShoreCap analysts cut their 'fair value' estimate for shares of Man Group following the figures on third quarter assets under management released by the fund manager ten days before, but stayed at a 'buy' given the attractions of the outfit's business model.
Canaccord stays at 'buy' on Petropavlovsk following Q3 sales and production data
Analysts at Cannacord Genuity reiterated their 'buy' recommendation and 16. 0p target price on shares of gold miner Petropavlovsk thid quarter sales and production data.
Berenberg stays at 'buy' on ABF, sees upside for Primark valuation and sugar prices
Analysts at Berenberg reiterated their 'buy' recommendation for shares of Associated British Foods, telling clients that the combination of a valuation discount for the firm's fashion unit, Primark, and signs that the sugar price was "bottoming out" made for a good entry point into the shares.
ShoreCap stays at 'buy' on Savannah Petroleum, sees 'much higher' share price
Analysts at ShoreCap reiterated their 'buy' recommendation for shares of Savannah Petroleum, telling clients that the unsecured loan facility into which it had entered on the same day was "entirely consistent with our expectations" and that they continued to anticipate a "much higher share price" on the acquisition of assets from Seven Energy was completed.
Friday broker round-up
Royal Bank of Scotland: JP Morgan upgrades to overweight with a target price of 280p.
Canaccord Genuity raises target price on National Express to reflect higher value for ALSA unit
Analysts at Cannacord Genuity bumped up their target price on shares of National Express, highlighting to clients the company's "best-in-class" margins in nearly all its business units and telling them to expect sustained profit growth over the following years.
Berenberg lowers target on Bellway, but judges valuation 'undemanding'
Analysts at Berenberg reiterated their recommendation to 'buy' shares of Bellway, pointing to the company's "stellar" long-term track record and undemanding valuation to back up their case.
Berenberg ups target on Asos following warehouse transformations
Analysts at Berenberg bumped up their target price on shares of Asos, telling clients that with much of the "transformational" heavy lifting associated with its warehouse transformations was now in the rear view mirror, the company was in a position to leverage its investments.
Canaccord dowgrades Travis Perkins to 'hold' amid ongoing macro uncertainties
Analysts at Canaccord Genuity downgraded British builders' merchant Travis Perkins from 'buy' to 'hold' on Thursday ahead of the group's third-quarter report card next week.
Berenberg lifts Asos price target
Berenberg upped its price target on shares of online fashion retailer Asos to 3,000p from 2,500p on Thursday, a day after it posted a slump in full-year profit on the back of restructuring costs.
Canaccord raises price target on Bellway following strong NAV growth
Analysts at Canaccord Genuity raised their price target on British housebuilder Bellway to 3,590p from 3,450p on Wednesday, praising the group for delivering an improved full-year net asset value per share despite falling margins.
Berenberg lowers price target on Kenmare Resources following Q3 update
Over at Berenberg, analysts cut their price target on Irish mining company Kenmare Resources from 400p to 380p on Wednesday following the group's third-quarter results a day earlier.
RBC Capital downgrades Hammerson on valuation
Hammerson was in the red on Wednesday as RBC Capital Markets downgraded its stance on shares of the shopping centre owner to 'sector perform' from 'outperform' on valuation grounds.
Wednesday broker round-up
Hammerson: RBC Capital Markets downgrades to sector performer with a target price of 290p.
UBS upgrades Whitbread to 'buy', cites 'attractive' entry point
UBS upgraded its stance on Premier Inn owner Whitbread to 'buy' from 'neutral' on Tuesday as it said the shares present an attractive entry point despite worries about UK revenue per available room (RevPar).
Berenberg lowers price target on SIG following profit warning
Analysts at Berenberg lowered their target price on construction products provider SIG from 135p to 100p on Tuesday following the group's profit warning a week earlier.
Dunelm boosted by RBC Capital upgrade
Home furnishings retailer Dunelm got a boost on Tuesday as RBC Capital Markets upped its stance on the stock to 'sector perform' from 'underperform'.