Broker Recommendations
Tuesday broker round-up
Unite Group: Peel Hunt upgrades to add with a target price of 1,000. 0p.
Liberum raises target price on LondonMetric
Analysts at Liberum raised their target price on British property company LondonMetric from 180. 0p to 210. 0p on Tuesday, stating the group's valuation was supported by a 4. 0% dividend yield.
Hardman & Co. says ICG Enterprise Trust's discount to NAV 'anomalous'
Analysts at Hardman&Co. initiated coverage on FTSE-250 listed private equity investor ICG Enterprise Trust on Monday, telling clients that it was "anomalous" that a firm with a consistent record of outperformance should be trading at only two-thirds of its net asset value.
RBC downgrades Energean, shares slide
RBC Capital Markets has downgraded Energean on valuation concerns, sending shares in the Mediterranean-focused energy firm lower.
Liberum downgrades Boohoo, slashes price target
Liberum cut its rating on shares of Boohoo to ‘hold’ from ‘buy’ on Monday and slashed the price target to 350p from 500p following weekend press reports about alleged illegal practices at a supplier factory in Leicester.
Berenberg tweaks estimates on IHG following unexpected trading update
Analysts at Berenberg took a fresh look at British hospitality giant InterContinental Hotels Group on Monday after the company's most recent quarterly performance came in "a little weaker" than expected.
Jefferies cuts DS Smith to ‘hold’
Jefferies cut its rating on DS Smith to ‘hold’ as the broker said there were no events in sight to prompt a rerating of the shares.
Berenberg nudges up target price on Civitas
Analysts at Berenberg raised their target price on shares of real estate investment trust Civitas Social Housing from 100. 0p to 115. 0p on Friday, stating the group's diversification would enhance its earnings profile.
Friday broker round-up
Next: Goldman Sachs downgrades to sell with a target price of 4,400. 0p.
Next slumps on Goldman Sachs downgrade
Goldman Sachs downgraded its stance on shares of Next to ‘sell’ from ‘neutral’ and cut the price target to 4,400p from 5,300p as it said the retailer is working hard to offset a structural shift to more intense online competition, but this is likely to result in no revenue growth post Covid-19.
Credit Suisse starts SSP at 'underperform', says consensus too optimistic on recovery
Credit Suisse started coverage of food concessions group SSP at 'underperform' with a 220. 0p target price, telling clients that the multiple headwinds from the Covid-19 pandemic were set to be stronger and be longer-lasting than what analysts were anticipating.
Thursday broker round-up
Rio Tinto: Deutsche Bank upgrades to buy with a target price of 4,900. 0p.
Sainsbury's rerating provides 'selling opportunity', says Berenberg
Analysts at Berenberg reiterated their 'sell' rating on supermarket giant Sainsbury's on Thursday, stating the group's recent performances provided a "selling opportunity".
Liberum downgrades Auto Trader, says stock fully valued
Liberum downgraded its rating on shares of Auto Trader on Thursday to ‘hold’ from ‘buy’ and cut the price target to 515p from 640p as it said the stock looks fully valued given the uncertain outlook.
Liberum hikes target price on DX
Analysts at Liberum hiked their target price on British logistics outfit DX from 14. 0p to 30. 0p on Wednesday, stating the group had executed "a remarkable turnaround".
Berenberg lowers target price on Ashtead
Analysts at Berenberg lowered their target price on equipment rental company Ashtead from 2,000. 0p to 1,750. 0p on Wednesday, stating the group's recent share price performance had defied "softness" in lead indicators.
Wednesday broker round-up
Unite Group: Berenberg downgrades to hold with a target price of 1,000. 0p.