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WH Ireland reiterated its “buy” rating for the packaging company, after a trading update which predicted a “much more challenging outlook” for 2015. The broker noted that the acquisition of Madox last year is performing well but said the firm is facing “a number of headwinds elsewhere”.
Cantor Fitzgerald moved the retail space specialist from a “hold” to a “buy” rating and said it expects the good finish to 2014 to continue. The broker added that recent board changes and cost cuts mean “investors can look forward to sustained growth and a progressive dividend policy”.
Numis reiterated its “add” rating for the hospitality company. The broker said the new Hub by Premier Inn offering is an important part of the group’s future hotel growth strategy and added that initial trading at the firm’s first hub has been encouraging. Target price was increased to 5,600p.