Seymour Pierce rates the retailer a “buy”, despite a weak Christmas sales performance and a computer glitch which wiped £15m off sales. The broker remains confident Dixons can recover in the long-term, despite a possible fall in sales in a difficult retail trading climate. It placed Dixons’ target price at 21p per share.
Analysts at Espirito Santo have rated shares in the fashion chain “buy”, after it reported mixed trading results after snow hit Christmas sales. Analysts said the underlying trend at the retailer was for strong sales, and supported management expectations to hit projected full year results. It rates the company at 700p per share.
BOVIS HOMES GROUP
Numis rates the builder “add” to reflect better than expected margin performance. It says shares in the company remain “good value” and expects good levels of growth throughought 2011. Numis believes the group is making “good progress”, although sees “superior value” in rival Bellway. It rates shates at 494p per share.