Broker Numis has maintained its “hold” rating on soft drinks giant Britvic ahead of interim earnings and the provisional finding of a Competition Commission probe into its AG Barr deal, both due at the end of May. Numis said it believed the findings of an initial competition investigation will be proved “erroneous” and be over-turned. The broker has a target price of 440p.
AZ ELECTRONIC MATERIALS
N+1 Singer has maintained a “buy” rating on the stock despite this week’s profit warning from the company, saying there was “further recovery potential” for the company. With a target price of 320p, the broker said the shares were currently undervalued on a full year view, currently at a price to earnings ratio of 14.5 times. It said the stock was “very attractive if margins can be returned to recent trend”.
Ahead of its maiden full year results, broker Shore Capital has held its forecasts and maintained a “buy” rating on the stock with a target price at 128p. Citing the “exciting” long term business development prospects at the firm, Shore Capital said the company was set to become a service provider to a number of global large corporations in the coming years.