Peel Hunt has a “sell” rating on the property firm and has put its 27p target price under review ahead of the firm’s interim results tomorrow. The broker believes the results will show a two-and-a-half times surge in pre-tax profits, but it remains cautious about the longer term.
UBS rates the precision instrument and controls firm as a “buy” and has raised its 12-month price target from £16.50 to £17.50. The firm’s extra research and development spending could lift organic growth by 100 basis points, providing its researchers are successful, the broker says.
Liberum has downgraded the pubs chain from “buy” to “hold” after a very strong 27 per cent rise in the shares since June, but has raised its target price from 575p to 593p. The firm’s sales are outperforming those of its peers during the summer so far.