Broker Recommendations
Monday broker round-up
Ultra Electronics: Berenberg keeps at 'buy' but hikes target price from 2,730. 0p to 3,500. 0p.
Berenberg expects Ultra Electronics takeover to proceed, hikes target price
Analysts at Berenberg hiked their target price for shares of Ultra Electronics sharply, from 2,730. 0p to 3,500. 0p and labelled the takeover proposal tabled by Cobham "attractive".
Liberum stays at 'hold' on Royal Mail, points out multiple headwinds
Analysts at Liberum kept their recommendation on shares of Royal Mail Group at 'hold', pointing out to clients the multiple headwinds that the parcel delivery company was facing.
RBC Capital downgrades B&M European Value to 'sector perform'
RBC Capital Markets downgraded its stance on shares of discount retailer B&M European Value Retail on Monday to ‘sector perform’ from ‘outperform’ as it pointed to better valuation upside elsewhere.
Berenberg upgrades Beazley to 'buy'
Analysts at Berenberg upgraded insurance firm Beazley from 'hold' to 'buy' on Monday, highlighting a "rare opportunity" for profitable growth.