Best of the Brokers for 02 December 2014

To appear in Best of the Brokers, email your research to

Westhouse Securities reiterated its “buy” rating. The broker said it believed the general oil sell-off following last week’s decision by Opec not to cut production “presents an excellent opportunity to buy in to the UK’s leading listed E&P company”. Target price is 770p.

Canaccord Genuity reiterated its “hold” rating, and noted that John Laing Infrastructures proposed £1bn bid for Balfour’s “PPP” portfolio undervalued the assets. The broker added that while the deal would mean immediate cash creation, it could “remove a future growth engine”.