Best of the Brokers for 30 June 2015

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The stock keeps its “hold” rating and target price of 758p from Numis, which believes good strategic progress is being made with the stockbroking offering in the Netherlands and work towards a regulatory licence in Dubai.

Panmure Gordon dropped its target price to 50p, maintaining a “buy” rating. Last week Wentworth announced a $7.6m gross equity raise at market price, and the change reflects the fund raise and a reduced production profile in the near term.

Shore Capital has a “sell” stance on Ocado, with a target price of 432p. Analysts’ problem with the Ocado investment case persists; one of partnerships. It is dependent upon Waitrose, which they believe will go its own way soon, and Morrisons, which now has a new chief executive.