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Brokers at Numis have increased their target price on the stock to 925p and put an “add” rating on the stock due to a faster rate of expansion at the pub chain and falling swap costs. The pub plans to open eight new pubs in the first quarter alone.
Barclays has downgraded the energy company to underweight, lowering its target price by 30 per cent to 285p. It said political headwinds made it difficult for the company to raise prices, which would lead to squeezed margins.