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Shore Capital reiterated its “buy” rating. The broker said that the specialist loan portfolio acquisition company has had an action-packed last few months, and added that the investment case for owning Arrow shares has improved considerably over the course of the financial year.
Westhouse Securities reiterated its “buy” rating following conservative estimates of reserves as of October 2014. The broker added that, in this oil price environment, the company’s low cost structure and hedging allows it to continue to benefit from its high margin production.
Panmure Gordon reiterated its “buy” rating ahead of its first half results. The broker said it was looking forward to another positive update both on Ashtead’s progress in expanding its operational footprint and on an improving profit outlook. Target price remains £11.82.