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BEST OF THE BROKERS

MICHAEL PAGE
Investec yesterday raised its target price for Michael Page to 410p from 360p and advised investors to hold the shares. It believes the recruiter’s recent trading update marked a turning point for the recruiter, noting gross profits were “sequentially ahead” for the fourth quarter compared to the same quarter last year.

BURBERRY
Evolution advises investors to buy Burberry shares following yesterday’s third quarter trading update saying all divisions performed better than it had expected. It says the results are “encouraging”, noting Burberry continues to beat its competitors “on all counts”. It says the shares trade at a near 10 per cent discount to the sector.

GAMES WORKSHOP
Seymour Pierce remains positive on Games Workshop following its interim results. It reiterates its “buy” rating citing its “impressive outperformance on margins”. It says the results confirm the upward trend in profits, and sets a 600p target price. “Gross margins are 300 basis points ahead of last year at 74.4 per cent,” it says.