Deutsche Bank rates the oil explorer “buy” with a target price of £13.34. The broker expects BG to report upstream production growth when it brings out fourth quarter results tomorrow, with a predicted 12 per cent rise in profit for the division. DB also forecasts stellar reserves growth given recent finds in Tanzania and China.
RBS rates the asset manager “buy” with a £21 target price. The broker forecasts operating profit of £391m when the firm reports its full year figures in March – a 106 per cent year on year rise. It also sees a 6.2 per cent rise in fourth-quarter assets under management, and a two to four per cent jump in earnings per share.
JP Morgan Cazenove rates the bank “neutral” with a target price of 320p. The broker expects the bank to post underlying income of £30.3bn for 2010, with 26.1p earnings per share. It hopes to see significant restructuring of Barclays Capital, which JPM expects to report disappointing fourth-quarter results.