Broker Tips
Berenberg raises target price on Petra Diamonds
Analysts at Berenberg raised their target price on diamond ming outfit Petra Diamonds from 107. 0p to 130. 0p on Wednesday, updating its model for the group following its full-year results.
Deutsche Bank downgrades Abrdn to 'sell'
Deutsche Bank downgraded Abrdn to ‘sell’ from ‘hold’ on Wednesday and cut the price target to 135p from 175p, as it argued that accelerating stake sales won’t offset wider headwinds.
Broker tips: Bakkavor, Accsys Technologies
Analysts at Berenberg lowered their target price on food manufacturing group Bakkavor from 110. 0p to 95. 0p on Tuesday, citing a lower earnings trajectory.
Canaccord Genuity lowers target price on Accsys Technologies
Analysts at Canaccord Genuity lowered their target price on wooden products retailer Accsys Technologies from 190. 0p to 150. 0p on Tuesday, citing delays to the group's new Tricoya plant.
Berenberg lowers target price on Bakkavor
Analysts at Berenberg lowered their target price on food manufacturing group Bakkavor from 110. 0p to 95. 0p on Tuesday, citing lower earnings trajectory.
Broker tips: AB Foods, Tate & Lyle, James Fisher
Analysts at Deutsche Bank lowered their target price on Primark owner AB Foods from 1,850. 0p to 1,575. 0p on Monday, stating "reality" was now dawning.
Berenberg downgrades raft of housebuilders, upgrades Berkeley
Berenberg reviewed its ratings on a host of UK housebuilders on Monday as it warned that 2023 will likely be the toughest operating environment for the industry since the Global Financial Crisis.
Deutsche Bank lowers target price on AB Foods
Analysts at Deutsche Bank lowered their target price on Primark owner AB Foods from 1,850. 0p to 1,575. 0p on Monday, stating "reality" was now dawning.
Canaccord Genuity lowers target price on James Fisher
Analysts at Canaccord Genuity lowered their target price on marine engineering services provider James Fisher from 625. 0p to 550. 0p on Monday, citing cyclicality as their primary concern.
Jefferies downgrades Tate & Lyle amid mounting cost pressures
Tate & Lyle slumped on Monday after Jefferies downgraded the shares to ‘hold’ from ‘buy’ and cut the price target to 780p from 880p as it highlighted mounting cost pressures in Europe.
Broker tips: Associated British Foods, Energean
Analysts at Barclays downgraded Associated British Foods to 'equal weight' on Friday, stating visibility was "just too low".
Barclays downgrades AB Foods to 'equal weight'
Analysts at Barclays downgraded Associated British Foods to 'equal weight' on Friday, stating visibility was "just too low".
Berenberg lowers target price on Energean
Analysts at Berenberg raised their target price on exploration and production outfit Energean from 1,540. 0p to 1,750. 0p on Friday, stating the group was delivering on both production and dividends.
Broker tips: Treat, Ocado, Asos
Analysts at Berenberg initiated coverage on ingredients manufacturer Treatt at 'buy' on Thursday, stating the stock was "a natural beauty".
Canaccord Genuity nudges up target price on Duke Royalty
Analysts at Canaccord Genuity nudged up their target price on diversified financial group Duke Royalty from 53. 0p to 54. 0p on Thursday, citing "material growth" throughout the trading year.
Barclays upgrades Ocado to 'equalweight'
Barclays upgraded Ocado on Thursday to ‘equalweight’ from ‘underweight’ as it cut the price target to 775p from 1,500p, arguing that risks are more evenly balanced.
Jefferies lowers Asos to 'hold'
Analysts at Jefferies downgraded fast fashion retailer Asos to 'hold' on Thursday, stating "the slog continues" for the group.
Jefferies downgrades AJ Bell on 'darkening' outlook, shares tumble
AJ Bell tanked on Thursday after Jefferies downgraded the shares to ‘underperform’ from ‘hold’ as it said that inflation "will bite".
Berenberg initiates coverage on Treatt at 'buy'
Analysts at Berenberg initiated coverage on ingredients manufacturer Treatt at 'buy' on Thursday, stating the stock was "a natural beauty".
Morgan Stanley downgrades Mitchells & Butlers to 'equalweight'
Morgan Stanley downgraded pub group Mitchells & Butlers to ‘equalweight’ from ‘overweight’ on Wednesday and cut the price target to 260p from 330p.