Broker Tips
Broker tips: Standard Chartered, Petra Diamonds, Greggs
Analysts at Jefferies reiterated their 'underperform' rating on Standard Chartered on Tuesday as it sounded a cautious note on the group's shares.
Shore Capital admits to underestimating Greggs
Analysts at Shore Capital reiterated their 'hold' stance on Greggs on Tuesday, stating that the company continued to "materially outperform" their expectations.
Jefferies stays at 'underperform' on StanChart ahead of full-year results
Analysts at Jefferies sounded a cautious note on shares of StanChart again on Tuesday, pointing to the declining trend in consensus estimates for the lender and the multiple hurdles that it was facing in terms of growing its revenues, which they said may necesitate a downgrade of management's expectations.
Berenberg cuts price target on Petra, cites debt issues
Analysts at Berenberg dropped their price target on miner Petra Diamonds on Tuesday, stating that while the group's operations appeared to be performing "fairly well", debt was still an issue.
Tuesday broker round-up
Asiamet Resources: Berenberg reiterates buy with a target price of 13p.