Numis continues to give investment company a “hold” rating, and raises the target price to 188p. After a reorganisation, the broker thinks the firm can exceed its 20 per cent operating target, but admits changes could impact results for clients.
UBS has issued a “buy” rating for the car retailer, setting a price target of 515p. The broker expects that car sales will increase in emerging markets, and an increase in aftersales activity to grow to 54 per cent of gross profit by 2016.
Canaccord downgrades the care service provider’s rating to “hold”, and reduces its target price to 184p. The firm needs to demonstrate “organic” growth, said the broker. The costs of expansions must be kept down to help marginal improvement.