Best of the Brokers for 21 July 2015
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HALFORDS
Cantor Fitzgerald reiterated its “hold” rating on the bike specialist, and said the firm has the potential to sustain retail sales growth above five per cent over the next three years, as well as delivering a 10 per cent retail trading margin. Target price increased from 500p to 565p.
VIRGIN MONEY
Barclays reiterated its “overweight” rating on the challenger bank, and increased the target price to 450p from 370p. The broker said the recent selloff in Virgin Money shares “provides a fresh opportunity” and predicted that shares could double over the next three years.
WILMINGTON
Numis reiterated its “buy” recommendation on the information services group, following a recent capital markets day which saw the senior management team “present their vision for the future”. The broker said: “We continue to see Wilmington shares as very good value at current levels.”