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EUROPA OIL & GAS
Northland Capital Partners reiterated its “buy” rating and 10.3p target price, citing Europa’s delivery of operational results in line with expectations. The broker said: “The strong balance sheet and production cash flows make Europa one of the best placed micro caps in the sector.”
Westhouse Securities reiterated its “add” rating and said it remained positive on BSkyB’s underlying growth prospects in TV and broadband as well as “the competitive advantage created by its unrivalled content base”. The target price is 985p.
Numis reiterated its “buy”rating off the back of Breedon’s acquisition of Barr Quarries. The broker said the mix of organic and acquisitive growth of the group “coupled with the de-consolidation of the UK aggregates industry” remained key attractions of Breedon.