Shore Capital has raised its rating from “hold” to “buy” at 149p, ending its long-standing caution about the food producer. The broker thinks the new execs have done a good job of focusing the firm and shoring up its balance sheet. Shore also believes a £250m equity raising could be on the cards.
Westhouse has lowered its recommendation from “buy” to “add” with a 195p target, after a nine per cent rise in the comparison site’s share price since the broker’s last rating move in mid-August. Westhouse continues to expect good growth for the firm, boosted by a recent advertising campaign.
Canaccord Genuity is sticking to its “hold” rating and 1,250p price target even after the oil explorer lowered its production outlook for the year. The broker thinks this week’s slide in the share price is overdone, and believes the long-term effects of the lower forecasts are negligible.