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Peel Hunt has a “buy” rating and 290p target ahead of the property firm’s full-year results on Wednesday. The broker is forecasting a 2.6 per cent increase in the company’s portfolio, increasing from 0.2 per cent in the first half of the year, and thinks growth will accelerate next year.
UBS has upgraded the energy explorer from “neutral” to “buy” with a 285p target. After a tough 18 months for the stock, the broker thinks Ophir’s value is covered by its Tanzania gas deal and can only rise if the firm strikes fuel at any of its eight remaining exploration wells this year.
ST JAMES’S PLACE
Ahead of the asset manager’s first quarter update on Thursday, Panmure Gordon keeps its “buy” rating and increases its target from 890p to 977p. The broker thinks recent share price weakness represents a good time to invest, given St James’s growing funds under management.