Best of the Brokers for 28 October 2013

To appear in Best of the Brokers, email your research to notes@cityam.com

PETRA DIAMONDS
Canaccord Genuity has increased its target price for Petra Diamonds from 158p to 163p, maintaining its “buy” rating. The broker expects diamond prices to remain stable in 2014 and sees Petra’s increasing margins and reducing capital expenditures as positive factors.

UBM
Westhouse has reiterated its “add” rating for UBM on the back of the company’s good trading performance in its third quarter management statement last week. The broker remains bullish on UBM’s events, emerging markets exposure and medium term growth prospects.

PLAYTECH
Peel Hunt expects Playtech will report seven per cent revenue growth to €91m in the group’s third quarter management statement tomorrow. The broker holds its “buy” rating on the company and a target price of 819p with growth driven mostly by Playtech’s casino business.