To appear in Best of the Brokers, email your research to firstname.lastname@example.org
Whitman Howard reiterated its “buy” rating. The broker said Centrica remained well placed, as it was financially sound and the negatives to the company were “already reflected in the current low rating”. It added: “The positive movements in managerial progression is also helpful.”
Numis reiterated its “add” rating, and stated: “We believe IG is a growth business that we view as being similar to the tide coming in. Each new wave climbs up the beach with volatility but it also flows back from its peak as volatility subsides.” Target price is 665p.