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Cantor Fitzgerald raised its target price from 12p to 14p after the flooring company declared a special dividend of 1p per share last week. The broker said the dividend, to be paid on 19 June, shows that management is “relatively confident with the future” and reiterated its “buy” rating.
Panmure Gordon hiked its target price for the management firm to 1575p from 1500p, reflecting “increased confidence in the investment case”. The broker said higher earnings quality and attractive returns should expand the valuation rating for Atkins and kept its “buy” rating ahead of the full-year results.