Brewin Dolphin had started covering the retailer with a “buy” rating and a three-month target price of 80p. The broker believes the stock is a strong candidate for active traders due to its volatility, and notes the firm’s market outperformance as mentioned in last week’s trading update. It looks forward to Game’s post-Christmas update on 12 January for further signs of strong sales.
Royal Bank of Scotland rates the telecoms giant “buy” with a target price of 181p. The broker expects several upcoming Ofcom decisions on pensions and price controls to only have a small impact on the company, and believes BT’s 36 per cent outperformance of the sector could have momentum into next year. BRS has upgraded its earnings per share forecasts for 2011 by two to four per cent.
Evolution Securities rates the energy firm “reduce” with a target price of 390p. It expects the company’s shares will weaken following the government’s consultation on the electricity market, with sentiment damaged by talk of a minimum carbon price and . Evo adds that the trend for rising UK gas prices could support longer-term share price growth despite the predicted near-term dip.