Best of the Brokers for 25 November 2013

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Peel Hunt has a “hold” rating and 3,300p target ahead of the building materials group’s first-quarter update on Thursday. The broker is keen to see signs of stabilising European sales, and believes the firm has good enough cash flow to push for growth and return cash to investors.

Panmure Gordon thinks investors should “buy” shares in the travel group and has a target of 180p ahead of full-year results on Thursday. The broker predicts pre-tax profit of £113.6m and reckons the firm’s cost-cutting drive will propel shares in the next year.

Shore Capital has a “sell” rating and 450p target to reflect the coalition’s dim view of the outsourcer and the 2015 election that will end contract negotiations until a new government is in place. “We believe that investors risk ‘dead money’ in strategies other than short-term trading,” it adds.