After yesterday’s trading statement and a meeting with management, JP Morgan rates the temporary power provider as “neutral” with a target price of 1850p. The broker says trading seems to be strong, and upgrades its estimates from 2012 by two per cent to account for lower tax. It expects a reasonable margin on work for the 2012 Olympics.
Goldman Sachs rates the delivery service as “neutral” with a target price of 190p after a weak full-year trading update this week, but places both its estimates and price target under review ahead of full-year results on 31 January. The broker estimates gross revenue growth for next year of around 22 per cent.
UBS rates the support services group as “neutral” with a target price of 310p, seeing few catalysts to the share price despite it looking attractive at the moment. The broker says the downsizing of UK construction is faster than thought, so cuts its pre-tax profits and earnings per share forecasts by around two per cent.