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Canaccord Genuity reiterated its “buy” rating, following BG Group’s third-quarter results yesterday. The broker noted that slowdown in the Egypt, Kazakhstan, Britain and the US “could not be offset by new volumes from Brazil, Bolivia and the UK. The target price remains 1,520p.
Westhouse Securities reiterated its “buy” rating, describing results for the six months to August as “encouraging”. Most importantly, added the broker, Braemar’s integration with ACM Shipping was “proceeding to plan”. Target price is maintained at 545p.
Numis upgraded its rating from “hold” to “add”, with a target price of 200p. The broker stated that, having completed a rights issue, Mothercare now had the leeway to undertake a “long-overdue” store refit and infrastructure modernisation programme.