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Canaccord Genuity reiterated its “buy” rating on the gambling software company, but raised target price from 950p to 1,065p. The broker said Playtech’s purchase of Plus500 is an “exciting adjacent marketspace” for the firm, and noted “the core online gaming business continues to trade strongly”.
Panmure Gordon reiterated its “buy” recommendation on the property firm, noting that the recent interims “demonstrated the core strengths of the group”. The broker also highlighted the group’s “attractive debt maturity profile with no sterling refinancing risk for 2016, 2017 and 2018”.
Numis upgraded its rating on the energy services group from “hold” to “buy”, despite downgrading its forecasts for 2016. The broker said it believes the firm “will ultimately end up being a relative outperformer this cycle as it... can aggressively cut its coat according to its cloth”.