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RBC Capital Markets has raised its price target to 1750p from 1600p and retained an “outperform” rating based on the growing prospects of its travel arm. The broker said it expects the travel business to generate at least 63 per cent of group profit by 2018 up from 54 per cent in 2013.
Numis has raised its target price for Aldermore to 289p per share from 283p, after changing its valuation methodology and kept its “hold” rating on the company. The broker said it expects the business to deliver significant gains in operational efficiency over the period to 2017.