Best of the Brokers

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Peel Hunt has a “buy” rating and target price of 301p ahead of full-year results on Thursday. The broker thinks the wealth of new and growing ventures at Cineworld is yet to be reflected in the share price, and that current trading is around 10 per cent up on a year ago, though on weak comparatives. Peel Hunt expects the firm to post pre-tax profits within its range of £38.5m to £40m.

Canaccord Genuity rates the property website “buy” and has raised its target price from 1,800p to 2,020p after full-year results that beat the broker’s top-end forecasts. Positive corporate news from UK housebuilders bodes well for Rightmove in the coming year, Canaccord says, and the government-backed Funding for Lending Scheme is also boosting the market.

UBS has cut the asset manager from “buy” to “neutral” with an unchanged 12-month target price of 105p. While the broker sees a number of possible share price catalysts on the horizon, including a possible change in fortunes at its AHL fund or a jump in investor sentiment, UBS has cut its rating due to uncertainty over whether and when Man’s performance will improve.