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Numis has launched its coverage of the appliances retailer by urging investors to “buy” with a target price of 350p. The broker believes the recently listed firm could take up to 40 per cent of a growing online market as more Brits turn to the internet to buy white goods.
UBS has downgraded Ashmore from “buy” to “neutral” with a 350p target. While the broker thinks recent savings changes in the UK will be positive for asset managers, it sees Ashmore’s short-term outlook as subdued and its shares as expensive compared to the rest of the industry.
Barclays has stuck to its “overweight” rating on BHP Billiton after the mining group confirmed plans to spin off some assets. The broker reckons that if the demerger goes through, investors could be in line for a bigger buyback and better margins, potentially taking the stock above £20.