Best of the Brokers for 1 August 2013
AVIVA
Broker Canaccord Genuity has maintained its “hold” rating on the insurance stock but upgraded the target price to 385p. It said Aviva, which reports results next week, would deliver better profits in 2014 and 2015 due to increased investment yields.
WILLIAM HILL
Analysts at Numis have an “add” rating on the stock with a target price of 550p. It said the group’s market cap and FTSE 100 position made it a “liquid and credible option for investors” looking to get exposure to stable cashflows of the betting market.
PACE
Espirito Santo have slapped a “buy” rating on the stock with a fair value increased from 270p to 350p. It said higher margins from its revenue streams would help boost profitability in future and the company had demonstrated impressive amounts of cash generation.