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Numis reiterated its “add” rating on the technology firm, after a trading update which highlighted continued organic growth. The broker said it remains positive on the firm’s business model as it is “exposed to less cyclical markets”, and “geared to non-discretionary spend and regulatory drivers”.
OCEAN WILSONS HOLDINGS
Cantor Fitzgerald reiterated its “buy” rating on the Bermuda-based investment holding company after a monthly operational update. The broker said “trading is weak as expected”, but added that the continuing weak Brazilian real will “hopefully lift exports in the coming quarters”.
Whitman Howard reiterated its “hold” rating on the utility infrastructure company but said it continues to see the company as “well placed”, with the stability of its South West Water business “balanced by the potential of its Viridor waste management activities”. The broker increased target price to 892p.