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Barclays Equity Research reiterated its “overweight” rating despite seasonally weak demand in the diamond industry. The broker maintained its 12-month price target of 290p for Petra and stated that it expected demand to firm up and management to maintain its price guide.
Numis reiterated its “buy” rating although it noted that SIG’s exposure to the French and German construction sectors could lead to a downgrade in growth prospects in 2015. However, the broker said a strong track record and good prospects in the UK still made the shares good value.