Best of the Brokers

Shore Capital rates the banking and asset management firm “buy” with a target price of 840p ahead of full year results tomorrow. The broker expects flat pre-tax profits of £130m and an upbeat outlook.

Numis has raised its rating from “reduce” to “hold” and its target price to 310p after the gaming firm’s takeover advances towards Sportingbet, calling it “a great deal” to expand its global reach.

Peel Hunt maintains its “hold” recommendation and 478p target, but thinks Hiscox shares will rally in the short-term due to capital returns, and believes the insurer justifies a premium valuation.