Broker Tips
Berenberg lowers target price on Oxford Instruments
Analysts at Berenberg lowered their target price on Oxford Instruments to 2,840p from 3,000p, noting the recent strength in order intake now looks largely priced in.
Jefferies upgrades Pennon to ‘buy’
Jefferies upgraded Pennon to ‘buy’ from ‘hold’ on Wednesday but cut the price target to 380p from 500p.
Broker tips: Serco, Mears, Victorian Plumbing
Berenberg said Serco and Mears should be the next beneficiaries of renewed interest in the UK outsourcing sector, lifting its target prices on both stocks after the Mitie takeover highlighted what it sees as a clear valuation opportunity.
Canaccord Genuity nudges up target price on Victorian Plumbing
Analysts at Canaccord Genuity lifted their target price on Victorian Plumbing to 135p from 132p on Tuesday and reiterated their 'buy' stance on the back of a stronger‑than‑expected trading update.
Berenberg hikes target prices on Serco and Mears
Berenberg said Serco and Mears should be the next beneficiaries of renewed interest in the UK outsourcing sector, lifting its target prices on both stocks after the Mitie takeover highlighted what it sees as a clear valuation opportunity.
Broker tips: SSP, Cranswick
Berenberg cut its price target on SSP to 225p from 245p on Monday, but reiterated its 'buy' rating on the stock, saying the group delivered resilient fourth‑quarter earnings despite softer free cash flow and a weaker performance in North America.
Berenberg lowers SSP target price to 225p following Q4 figures
Berenberg cut its price target on SSP to 225p from 245p on Monday, but reiterated its 'buy' rating on the stock, saying the group delivered resilient fourth‑quarter earnings despite softer free cash flow and a weaker performance in North America.
Peel Hunt upgrades Cranswick to ‘buy’
Peel Hunt upgraded Cranswick to ‘buy’ from ‘add’ on Monday and hiked the price target to 6,600p from 6,100p, saying it expects first-half volumes to increase by around 6% and pre-tax profit by approximately 8%, helped by customer growth in fresh foods and share gains.
Deutsche Bank downgrades Pennon to 'hold', shares slide
Pennon tumbled on Monday after Deutsche Bank cut its stance on the stock to ‘hold’ from ‘buy’ and slashed the price target to 380p from 550p.
Broker tips: Unite Group, Tesco
Analysts at Berenberg lowered their target price on Unite Group from 668p to 634p on Friday, flagging ongoing pressure from falling asset values despite solid operational performance.
Deutsche Bank hikes Tesco price target after results
Deutsche Bank lifted its price target on Tesco to 550p from 525p on Friday after the supermarket chain upped the lower end of annual guidance and its share buyback programme a day earlier, as it posted a rise in interim profits.
Berenberg lowers target price on Unite Group
Analysts at Berenberg lowered their target price on Unite Group from 668p to 634p on Friday, flagging ongoing pressure from falling asset values despite solid operational performance.
Broker tips: Tesco, Harworth
Shore Capital said on Thursday that Tesco had delivered a resilient first‑half performance in a UK grocery market that tightened over the summer, with the grocery chain posting 1. 6% constant‑currency sales growth and a 6. 3% rise in adjusted underlying earnings.
Shore Capital stays at 'hold' on Tesco following H1 earnings
Shore Capital said on Thursday that Tesco had delivered a resilient first‑half performance in a UK grocery market that tightened over the summer, with the grocery chain posting 1. 6% constant‑currency sales growth and a 6. 3% rise in adjusted underlying earnings.
Berenberg lowers Harworth to 'hold' as takeover progresses
Analysts at Berenberg cut their recommendation on Harworth Group to 'hold' from 'buy' and lowered their target price to 187p on Thursday, bringing it into line with Peel Holdings' recommended final cash offer and signalling that the takeover process was now effectively complete.
Broker tips: Hostelworld, Netcall
Berenberg cut its price target on Hostelworld to 150p from 171p on Wednesday, citing a weaker Q3 shaped by geopolitical headwinds, though it kept its 'buy' rating on the stock and said the group's shift to its social‑driven platform continues to underpin the long‑term investment case.
Canaccord Genuity bumps up target price on Netcall
Analysts at Canaccord Genuity lifted their target price on Netcall to 170p from 160p on Wednesday, saying accelerating cloud momentum and a stronger medium‑term earnings profile support further upside.
Berenberg lowers target price on Hostelworld
Berenberg cut its price target on Hostelworld to 150p from 171p on Wednesday, citing a weaker Q3 shaped by geopolitical headwinds, though it kept its 'buy' rating on the stock and said the group's shift to its social‑driven platform continues to underpin the long‑term investment case.
Broker tips: Domino's Pizza, Fevertree
Berenberg initiated coverage of Domino's Pizza Group with a 'buy' rating and a 291p target price on Tuesday, arguing that the chain's value‑led proposition and the early success of its Chick 'N' Dip range leave the shares primed for a re‑rating after a period of weakness.
Deutsche Bank bumps up target price on Fevertree Drinks
Deutsche Bank lifted its target price on Fevertree Drinks from 870p to 900p, but kept its 'hold' rating on the stock, saying the mixer brand faces a tougher backdrop in the US as premium spirits trends soften and ready‑to‑drink cocktails continue to reshape drinking habits.