MICRO FOCUS INTERNATIONAL
The most recent statement from Micro Focus, a software firm, reminds analysts at Panmure Gordon that the growth genie continues to elude the firm – and there is little to suggest its new division structure will release it. Yet Micro Focus does have growth engines in addition to superb cash generation, the analysts said. Panmure reiterated its “buy” rating and kept its target price at 1,438p.
Canaccord Genuity lowered its target price for Petra Diamonds to 150p from 170p yesterday, yet maintained its “buy” rating. Canaccord analysts expect the news on the rough diamond market over the next 12 months to get worse before it gets better, but believe Petra represents good value for long-term investments. The firm should benefit from rising production volumes over the next few year, they said.
Construction consultants WYG’s AGM statement yesterday highlights a strong growth in the order book in the past six months. Analysts at WHIreland said the very positive number underlines WYG’s leading position in planning and developing long-term major projects and in relation to property and infrastructure more generally in the UK. As a result, WHIreland reiterated its “buy” rating and target price of 165p.