Broker tips: Cerillion, Royal Mail

Analysts at Canaccord Genuity raised their target price on software firm Cerillion from 350.0p to 465.0p on Tuesday, stating that demand was “good” but also noting that execution was “key”. Canaccord said Cerillion’s order book at the end of September 2020 provided it with visibility for over 90% of 2021 …

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How tech is changing the homes we live in

Driven by advances in tech and the advent of high-speed internet connections, many of us now have easy access to a raft of information about the buildings we live in. Thanks to the proliferation of hardware and software within the home, this trend shows no sign of letting up and …

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Jefferies upgrades Royal Mail to ‘hold’

Jefferies upgraded its stance on shares of Royal Mail on Tuesday to ‘hold’ from ‘underperform’ and hiked the price target to 450p from 300p. The bank said a better-than-expected peak season and ongoing Covid-19 restrictions lead to a 60% increase in its FY20/21E operating profit forecast to £580m. “We estimate …

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