Tag Archives: Broker

Berenberg reviewed its ratings on a number of leisure stocks on Thursday from pubs to restaurants and travel firms. The bank downgraded JD Wetherspoon to ‘hold’ from ‘buy’ and cut its price target on the stock to 1,050.0p from 1,650.0p, stating it still thinks Wetherspoons is a very well-run business …

“There’s a big difference between a company that offers technology and actually being a technology company.” Uinsure has announced the launch of a new platform for advisers and their clients. It coincides with the unveiling of a brand refresh for the first time …

Analysts at Canaccord Genuity raised their target price on software firm Cerillion from 350.0p to 465.0p on Tuesday, stating that demand was “good” but also noting that execution was “key”. Canaccord said Cerillion’s order book at the end of September 2020 provided it with visibility for over 90% of 2021 …

Deutsche Bank upgraded Royal Mail to ‘buy’ from ‘hold’ on Wednesday, highlighting a “complete change of outlook”, as it hiked the price target to 550.0p from 320.0p. The bank noted that its ‘sell’ case on the stock between 1 December 2017 and 5 May 2020 was based on the fact …

Jefferies upped its rating on AA shares to ‘hold’ from ‘underperform’ on Tuesday as it hiked its price target to 35.0p from 5.0p based on the 35.0p a share cash offer from a consortium of TowerBrook Capital Partners and Warburg Pincus. Still, Jefferies said the deal isn’t done and risk-reward …

Barclays upgraded Premier Inn owner Whitbread to ‘overweight’ from ‘equal-weight’ on Friday, lifting the price target to 3,350.0p from 2,500.0p, arguing that it’s one of the most attractive recovery plays in the sector following this week’s vaccine news. The bank said it now has a greater level of confidence that …

Royal Mail surged on Wednesday as JPMorgan Cazenove upgraded the stock to ‘overweight’ from ‘neutral’ and lifted the price target to 374.0p from 253.0p, saying it sees a potential strong improvement in trading over the next 18 months, due in part to an improved revenue outlook. “In our view, this …

Analysts at Berenberg upgraded their rating on hotel operator Whitbread from ‘hold’ to ‘buy’ on Friday, stating the current price of the stock left the group undervalued given its real estate portfolio. Berenberg said that following Whitbread’s recent weakness, it believes that the risk-reward balance on the company had shifted …

Analysts at Berenberg slashed their target price on aerospace and defence manufacturer Rolls-Royce from 890.0p to 270.0p on Friday but upped their rating on the firm from ‘hold’ to ‘buy’, stating nothing was priced in for a turnaround. Berenberg said the market appears to have given up on Rolls-Royce, with …

William Hill surged after Jefferies upped its price target on the buy-rated stock. “William Hill boasts the leading US sports betting market share, yet we see zero value priced in. US competitive positioning continues to strengthen with: 1) An enlarged retail footprint due to the Caesar’s deal; and, 2) Launch …