Aberdeen Asset Management, Ideagen, Hammerson: Best of the Brokers for 2 December 2015

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IDEAGEN

Thanks to a recent £4.9m Award Decision Notice from a UK public sector body, business is looking rosy for software solutions company Ideagen, which derives more than three-quarters of its revenue from the governance, risk and compliance sector. Analysts at Finncap have left the share target price unchanged at 52p, but envision that some of the company’s newer software products offer further revenue opportunities given their strong potential customer base.

HAMMERSON

Goldman Sachs says shares in retail property specialist Hammerson have been underperforming in light of its strong earnings progress. The analysts have increased their rating from “neutral” to “buy” and raised the share target price to 770p. Goldman Sachs also predicts the British property developer will deliver significantly higher earnings per share growth compared with other European retail landlords.

ABERDEEN ASSET MANAGEMENT

There could be trouble ahead for investment manager Aberdeen Asset Management, as Liberum points out that higher than expected levels of net outflows in its most recent results could indicate a difficult 2016 financial year. The broker has maintained the company’s “buy” rating, but has cut the share target price from 357p to 338p, adding that the speculation around the Federal Reserve’s interest rate decision and low oil prices “continue to cause pain for Aberdeen and its clients”.