Best of the Brokers

Canaccord has cut its rating on the bank from “buy” to “hold” while keeping its price target at 280p. The broker reckons a shake-up at Barclays Capital to make it more independent could bolster the shares.

Panmure Gordon keeps its “hold” rating and 152p target on the house builder after takeover talks failed last week. The broker sees no other potential buyers, given the offer’s strong links to founder Steve Morgan.

Numis has cut its rating from “add” to “hold” with a price target of £14.44, but has raised its 2012 profit forecast for the Vanquis Bank arm of the firm by 10 per cent.