Peel Hunt has set an initial one-year target price of 425p on the property services firm following its float last month, and has a “buy” rating. The analysts predict earnings growth of more than 30 per cent a year between 2011 and 2015, equating to a price to earnings ratio in line with the current FTSE 250 index. Peel Hunt suggests that profits will rise as the Hamptons franchise develops.
Investec has initiated a target price of 843p and a “buy” recommendation on the retail brand. The broker is keen to move past the firm’s turbulent history to focus on future growth opportunities. It predicts SuperGroup’s international and online revenues will grow 30 per cent a year until 2015, helped by new products and a revitalised management team.
Numis has increased its recommendation of the asset management company from “hold” to “add”, following a reasonable upturn in growth. The broker thinks the firm’s recent purchase of Cazenove Capital will enhance earnings and value, but notes that the share price is yet to reflect this. However, Numis prefers rival firm Jupiter on valuation grounds.