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Tag Archives: Category:Broker Recommendations

Barclays hikes Royal Mail price target on growth expectations

Barclays hiked its price target on Royal Mail to 640p from 550p on Thursday, citing expectations of growth in FY23. The bank said it expects “solid” Christmas trading, as indicated by the recent ‘Barclays UK Spend Trends’ discretionary retail spend signal. “UK domestic volumes continue to be supported by antigen …

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UBS downgrades Royal Mail to ‘sell’, shares tumble

Royal Mail shares tumbled on Wednesday as UBS downgraded them to ‘sell’ from ‘buy’ and cut the price target to 440p from 590p. The bank said risks to opex were increasing, with potential pricing pressure in UK Parcel. UBS cut its FY22/23 EBIT estimates by 8%/15%, mainly driven by higher …

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JPMorgan upgrades Ladbrokes owner Entain, downgrades 888

JPMorgan Cazenove upgraded Ladbrokes owner Entain on Tuesday and downgraded 888 Holdings as it took a look at the onling gaming sector. The bank upgraded Entain to ‘overweight’ from ‘neutral’ and lifted the price target to 1,852p from 1,628p given that its non-US assets now trade at a discount to …

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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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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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