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UBS keeps its “buy” rating on the trader and hikes its 12-month target price from 560p to 630p. Analyst Jonathan Leinster has also raised his 2013 pre-tax profit forecast by six per cent to reflect rising volumes and cost-cutting, and adds that IG is gaining share in an expanding industry.
Morgan Stanley keeps its “equal-weight” rating on the transport firm and drops its target price from 155p to 113p following a £615m rights issue. While the broker expects the firm to successfully turn itself around, it does not see a quick fix to the firm’s problems.
Canaccord Genuity has maintained its “buy” rating and lowered his target price from 226p to 213p as the shares start to trade ex-dividend. The broker thinks a recent £70m special dividend highlights Moneysupermarket’s strong balance sheet.