Broker Tips
Broker tips: Pearson, Polymetal, Marston's, Synthomer
UBS downgraded its recommendation on education publisher Pearson on Monday to ‘sell’ from ‘buy’ and cut the price target to 730p from 741p, noting the stock is up around 60% in the last three months and trading at 19x the bank’s FY22 earnings per share estimates.
Monday broker round-up
Polymetal International: Berenberg reiterates buy with a target price of 2,310p.
Pearson slumps after double downgrade by UBS
UBS downgraded its recommendation on education publisher Pearson on Monday to ‘sell’ from ‘buy’ and cut the price target to 730p from 741p, noting the stock is up around 60% in the last three months and trading at 19x the bank’s FY22 earnings per share estimates.
Market growth barriers likely to fade, JP Morgan says
Investors are showing healthy wariness about markets but barriers to growth are likely to recede after a recent retrenchment, JP Morgan said.
Berenberg lowers target price on Polymetal
Analysts at Berenberg lowered their target price on precious metals miner Polymetal from 2,580. 0p to 2,310. 0p on Monday, citing cost headwinds in 2021.
Canaccord Genuity raises target price on Synthomer
Analysts at Canaccord Genuity raised their target price on Synthomer from 425. 0p to 550. 0p on Monday after the group reported "robust" fourth-quarter figures last month.
Liberum downgrades Marston's following takeover approach
Liberum has downgraded Marston’s to ‘hold’ after takeover speculation pushed the share price higher.