BEST OF THE BROKERS
BURBERRY
Seymour Pearce rates the luxury fashion retailer a “buy”. The broker believes the company has transformed its operations since the financial crisis and reinforced its image as a “must have” brand. It now looks set to outgrow its market peers with yearly profit growth expected to be 20 per cent in future.
GREENE KING
Numis is upgrading its forecasts by an average of 2 per cent for Greene King. First half profit is up 17 per cent to £73.1m with all divisions posting positive trading and margin growth. With the dividend up 6.8 per cent to 6.3p, the target price rises from 500p to 525p. Numis believes there could be further upgrades in the next six months.
STHREE
SThree’s recovery continues and Evolution Securities recommends a 500p price target. Gross profit is down 2 per cent to £167m. But with a robust performance and slightly lower consultant numbers during the fourth quarter, Evo expects to see a slight profit outperformance when the company reports for the full year.