Broker Recommendations
Canaccord lowers target price on 'still attractive' GBG
With GBG's emphasis switching from income to capital growth, analysts at Canaccord Genuity lowered their target price on the internationally focused insurance and benefits provider on Monday.
Jefferies expects Go-Ahead share price to do just that
Win or lose, Jefferies expects the award of the Southeastern's franchise in the Autumn to be a "key event" for public transport provider Go-Ahead's share price as its analysts pointed to upside either way.
Britvic outlook 'more positive', Berenberg upgrades
With Britvic's first-half performance highlighting a number of promising trends, analysts at Berenberg felt the overall outlook for the drinks maker was becoming "more positive" and deserved an upgrade to its recommendation.
Ophir a concern for Credit Suisse over Guinea project
Shares in Ophir Energy tumbled on Thursday, after Credit Suisse downgraded its rating to neutral and cut its share price target by a quarter.
Berenberg reiterates 'sell' for the Restaurant Group
Despite the Restaurant Group's recent trading update showing that its underlying performance is on the mend, analysts at Berenberg said the improvement was not significant enough to deliver notable growth in the second half of its trading year.
Credit Suisse drops target on Dixons on 'challenging outlook'
Analysts at Credit Suisse cut their projections for retailer Dixons Carphone's annual pre-tax profits in 2018/19 by 20% on Wednesday as a result of the firm's revelation that the all-important metric would come in at "around £300m".
Wednesday broker round-up
Dunelm Group: JP Morgan downgrades to neutral with a target price of 620p.
JPMorgan downgrades Dunelm after profit warning
JPMorgan Cazenove downgraded Dunelm to ‘neutral’ from ‘overweight’ and slashed its price target to 620p from 710p following the homeware retailer’s profit warning last Friday.
RBS sheds its legacy and has capital to spare, Berenberg says
Royal Bank of Scotland has overcome its troubled legacy and the market undervalues its £5bn of excess capital, Berenberg analysts said as they increased their medium-term target for the share price.
Canaccord drops target on Dunelm following 'hugely disappointing' update
Following an unexpected and "hugely disappointing" trading update from Dunelm on Friday, analysts at Canaccord Genuity opted to lower their target price on the home furnishings retailer despite "doggedly" sticking with its 'buy' rating on the firm.
Deutsche Bank downgrades Workspace on valuation
Workspace was in the red on Tuesday as Deutsche Bank cut its stance on the stock to ‘hold’ from ‘buy’ following a 20% rally in the share price since the end of February.
Deutsche impressed by Bovis' capital markets day
Analysts at Deutsche Bank were by no means disappointed by Bovis at the housebuilder's capital markets day on Thursday, upping their target price on the shares as a result of a "growing indication of upside" and evidence of its chief executive's "infectious enthusiasm" having filtered down the organisation.
Jefferies reaffirms 'buy' rating on Kingfisher following Wesfarmers UK exit
Following the sale of Homebase by Australia's Wesfarmers, analysts at Jefferies saw "materially supportive" consequences for not only B&Q and Kingfisher but the British DIY market as a whole.
Berenberg downgrades Royal Mail as growth and profit risks increase
Royal Mail was under the cosh on Friday as Berenberg downgraded the stock to 'sell' from 'hold', saying risks to the company's growth and profitability outlook are increasing once again.
Thursday broker round-up
St James Place: Deutsche Bank upgrades to buy with a target price of 1,430p.
On the Beach share slide is buying opportunity for Berenberg
The fall in On the Beach’s shares is a "compelling" buying opportunity for a structural growth stock, Berenberg analysts said as they reiterated their 'buy' rating on the shares.