Best of the Brokers for 2 July 2015

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LAMPRELL
Numis reiterated its “buy” recommendation on the oil rig construction specialist, following its contract award update. The broker previously highlighted four material contracts that the firm was bidding on, and it has since won the contract Numis believed it was least likely to win.

LAURA ASHLEY
Cantor Fitzgerald reiterated its “buy” recommendation on the textiles group, following its purchase of a commercial property in Singapore. The broker said: “The acquisition is opportunistic, gives the company a base to expand in Asia and enables the company to better showcase its ranges.”

RPC GROUP
Panmure Gordon reiterated its “buy” rating on the packaging company, and said that the firm “continues to make excellent progress in driving efficiencies, improving profitability and improving returns”. The broker added that rising returns should sustain the valuation re-rating underway.