WH Ireland reiterated its “buy” rating for the design and engineering company after it released a positive update for the first quarter of 2015. The broker also said that the outlook across both of the firm’s divisions remains positive. Target price was raised from 825p to 900p.
Numis moved the metrology firm’s rating from “add” to “hold”, following “impressive interim results”. The broker noted that strong volume growth is being driven by metrology products in east Asia, while full year profit guidance has been increased by a further eight per cent.