Best of the Brokers for 27 January 2014

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Panmure Gordon has kept its “buy” rating and target price of 810p ahead of Britvic’s trading update on Wednesday. The broker said that strong underlying earnings per share growth and the increasing scale of its overseas business should underpin its recommendation.

Numis has reiterated “add” and kept its target price of 2,200p for Diageo, which releases its interim management statement on Thursday. However it has trimmed its earnings per share target slightly from 109.5p to 107p because of increasing currency headwinds caused by the strengthening pound.

Canaccord Genuity has raised its target price for Charles Stanley to 500p from 450p after the group reported an 18 per cent jump in revenues for the last three months of 2013. The broker reiterated its “hold” rating and said it was impressed by the growth in discretionary assets under management.