Best of the Brokers for 19 April 2013


BG Group PLC

Nomura has a “buy” rating on the oil explorer and a target price of £15. The broker think sentiment towards European oil majors could further deteriorate, especially if oil prices continue to drop. However, it thinks BG’s Brazilian and LNG businesses provide some upside to the firm. BG’s new chief executive could also inject momentum, Nomura adds.


Trinity Mirror PLC

Panmure Gordon rates the media group a “buy” and has a target price of 130p. The broker thinks Trinity Mirror’s pared back executive pay plans suggest the company will work its balance sheet very hard in the coming years. The firm’s goal of reaching a share price of 200p could also lead to other actions such as realising value in its properties, the broker adds.


British Sky Broadcasting Group PLC

Numis rates the television group “add” with a target price of 952p ahead of third quarter results due on 1 May. The broker expects pre-tax profits of £300m, revenues up six per cent to £1.82bn and continued growth in broadband and HD television subscriber numbers. Numis does not expect the firm’s competition to change as a result of Liberty buying Virgin Media.