Best of the Brokers for 7 July 2015

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RM
Numis analysts maintained a “buy” rating, and a target price of 215p. They say the firm has delivered a good set of interims, with continued good growth in RM Resources and RM Results, a better than expected profit out-turn in RM Education, and better than expected net cash.

INNOVATION GROUP
UBS raised its target price to 37p from 34p, with a “buy” rating. At a recent capital markets day on its insurer software business, the firm spoke of a $3.9bn (£2.4bn) personal line P&C insurance market, growing at eight per cent annum, of which it holds a one per cent share.

ALKANE ENERGY
The energy firm kept a “hold” rating and a 20p target price from Cantor Fitzgerald analysts. The broker said a recent trading update was “very reassuring”, with signs that performance in the year to date is at least in line with forecasts, while next year looks like it could be ahead of expectations.