Best of the Brokers

Panmure Gordon has kept a strong “buy” rating on the publishing group and increased its target price to 18p. The broker says being elevated to the FTSE Small Cap index will have a positive effect on shares.

UBS has kept its “neutral” rating for Travis Perkins, and lowered its price target to 1,100p as product inflation for building supplies fell from two to zero per cent in the second half, and like-for-like sales fell by 1.8 per cent.

Broker Numis has issued a “hold” rating for the polymer manufacturer, with an increased target price of 1,593p. Results for this fiscal year have been “respectable” but Numis remains “cautious” for next year.