Broker Recommendations
Berenberg upgrades Plus500 after two positive updates
Berenberg upgraded its stance on shares of online trading platform Plus500 to ‘buy’ from ‘hold’ on Monday, hiking its price target following two positive updates in two weeks "while many other companies were issuing profit warnings".
Friday broker round-up
Bunzl: Credit Suisse downgrades to underperform with a target price of 1,195p.
Canaccord stays at 'hold' on Crest Nicholson despite dividend cut
Analysts at Canaccord Genuity reiterated their 'hold' recommendation for shares of Crest Nicholson after the homebuilder shelved its financial dividend.
JP Morgan says selloff in Intermediate Capital Group is 'overdone'
Analysts at JP Morgan reiterated their 'overweight' recommendation for shares of Intermediate Capital Group, telling clients that the current share price was pricing "unrealistic downside scenarios".
Housebuilders are too cheap, Jefferies says
UK housebuilders are too cheap, Jefferies said as the broker placed 'buy' ratings on almost all sector stocks after big share price falls caused by the coronavirus crisis.
Thursday broker round-up
Barratt Developments: Jefferies upgrades to buy with a target price of 729p.
Citi slashes WH Smith price target on Covid-19 disruption
Citi slashed its price target on shares of WH Smith to 770p from 2,570p on Thursday as it downgraded its profit forecasts, citing the disruption caused by government measures to contain the coronavirus.
Credit Suisse says not all Aerospace and Defence firm dividends at risk
Those aerospace firms with higher exposure to Defence and enjoying a "strong" cash position were at a lower risk of having to "review" their policies on dividend payouts, Credit Suisse said.
Cannacord Genuity stays at 'buy' on Sage, highlights defensive qualities
Analysts at Canaccord Genuity stuck to their 'buy' recommendation for shares of enterprise software maker Sage, telling clients they didn't need to be as worried about its sales as with other companies, because approximately 90% of those were recurring.
Wednesday broker round-up
Polypipe: Deutsche Bank upgrades to buy with a target price of 550p.
Liberum lowers target price on Balfour Beatty
Analysts at Liberum lowered their target price on infrastructure group Balfour Beatty from 400. 0p to 320. 0p on Tuesday, despite seeing the group's most recent full-year results coming in ahead of expectations.
Canaccord lowers target price on Gamesys
Analysts at Canaccord Genuity lowered their target price on online software development and gaming business Gamesys from 1,310. 0p to 1,000. 0p on Tuesday but acknowledged that the group had made "a good start" to 2020 and was trading in line with expectations.
Tuesday broker round-up
Ti Fluid Systems: Citigroup downgrades to neutral with a target price of 140p.
Berenberg lowers target price on Standard Life Aberdeen
Analysts at Berenberg slashed their target price on global investment company Standard Life Aberdeen from 343. 0p to 220. 0p on Monday, citing dissonance in dividend and capital creation.
Cannacord Genuity upgrades Marshalls to 'hold', expects outperformance
Analysts at Cannacord Genuity upgraded their recommendation for shares of Marshalls from 'sell' to 'hold', saying that they expected "modest" profit growth for 2020.
Monday broker round-up
Weir Group: Morgan Stanley downgrades to equal weight with a target price of 1,350p.
Berenberg lowers target price on Gem Diamonds following coronavirus outbreak
Analysts at Berenberg slashed their target price on mining firm Gem Diamonds from 92. 0p to 44. 0p on Friday, stating that the recent coronavirus outbreak had hit the diamond market's recovery.
Next ‘well placed’ to cope with Covid-19, says Citi
Citi upgraded its stance on shares of Next to ‘neutral’ from ‘sell’ on Friday as it said the retailer is "well placed" to cope with the impact of the coronavirus.
JP Morgan downgrades Shell to 'neutral' on vulnerability to demand risks
Analysts at JP Morgan downgraded their recommendation for shares of Royal Dutch Shell 's B shares from 'overweight' to 'neutral' on the back of the recent "breakdown" in relations among OPEC+ members that had resulted in a crude oil price crash.