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Barclays keeps its overweight rating on the London property developer but has trimmed its target price by 2p to 130p following the sale of its Greenwich project. The broker thinks the growing demand for homes in the city will play in Quintain’s favour.
HSBC has retained its overweight recommendation but slashed its target from 635p to 520p after two profit warnings. The broker believes there is still scope for the shares to rise once investors are convinced the worst is over for the firm.
ABERDEEN ASSET MANAGEMENT
UBS has a buy rating on the asset manager and has lifted its target from 500p to 540p following the purchase of Scottish Widows Investment Partnership. The broker sees a chance for Aberdeen to cross-sell its products into SWIP’s investment solutions business.