UBS has edged up its target price on the miner to 870p from 850p formerly – “a quality premium is justified by the strength of its balance sheet, low cost operations and transparency”, the banks said yesterday. However, it leaves its “sell” recommendation on the stock unchanged.
N+1 Brewin has ramped up the target price on the property website’s stock from 1670p to 1835p, citing impressive first half results and, more specifically, better than expected average revenue per advertiser. The group has a positive view of Rightmove and an “add” recommendation.
Liberum Capital has lifted its target price on the Swiss chemicals giant to SFr400, reiterating its “buy” rating on the shares. Liberum has also raised its estimates of the company’s earnings per share for 2012 and 2013 by 10 per cent and six per cent respectively.