Best of the Brokers

Bank of America begins coverage of the industrial equipment hire firm with a “buy” rating and target price of 460p. Ashtead “will continue to grow revenue rapidly,” the analysis advises.

Citi has upgraded the owner of British Gas to “buy” with a target price of 360p. “This current valuation does not reflect the defensive profile of the stock or the potential upside,” it says.

HSBC has upgraded the oil giant to “neutral” from “underweight” while sticking with a target price of 1,381p. Concerns around the Jubilee field seem to have been addressed, HSBC says.