STEVE LIECHTI | INVESTEC SECURITIES
No particular recovery is suggested. If anything the messaging on Money feels slightly better given some account switching, but insurance growth still feels disappointing given SEO issues – Moneysupermarket still looks to be down in the rankings on our analysis.
RODDY DAVIDSON | WESTHOUSE SECURITIES
We believe its current valuation remains undemanding in light of positive momentum flagged in this morning’s trading update and a range of fundamental attractions. Against this backdrop, we have decided to nudge up our target price from 209p to 220p and reiterate add.
MALCOLM MORGAN | PEEL HUNT
Google ranking continues to be an issue in insurance (the ranking having fallen recently). With no reason to change 2014 numbers we see the current rating as full in the face of a potential peak in utility demand and low growth in the core financial products section. Dull money for the moment.