Best of the Brokers for 18 May 2015

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BRITISH LAND
Numis reiterated its “add” rating for the London-based property management company. The broker said London offices are likely to continue to perform for at least the next couple of years, but warned that as market rents test ever higher levels the pace of estimated market rental value growth has to start to slow.

INVESTEC
Canaccord Genuity reiterated its “buy” rating for the specialist banking group. The broker noted that management’s recent pre-close statement highlighted continued growth in the asset and wealth management, rising fees and commissions, and higher costs. Target price has been raised to 653p.