Best of the Brokers for 05 May 2015
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Shore Capital has initiated coverage of the natural premium mixer brand with a “sell” recommendation and “fair value” outlook of 191p, saying: “Although we see Fever-Tree as a high quality company with strong sales momentum, we believe its valuation is ultra-premium.”
Jefferies gives Shire a “buy” rating and has boosted its price target by six per cent to 6150p. The analyst says: “We foresee numerous pipeline catalysts this year to drive potential earnings upgrades, more than offsetting the relatively anaemic … growth in the coming quarters.”
Numis has given Hornby an “add” recommendation, with a target price of 100p. The broker says Hornby is “full steam ahead” after posting a strong end to the year, with sales growth accelerating from +6 per cent at 10 February to +13 per cent for the full year.