Analysts have updated their recommendations and price targets for several London-listed shares on Tuesday, according to reports. These changes reflect adjustments in the analysts' views of the companies' prospects and market conditions.
Among FTSE 100 companies, RBC raised its price target for Bunzl (OTC: BZLFY ) to 2,600 pence from 2,550 pence, maintaining an 'Underperform' rating. Meanwhile, Société Générale (EPA: SOGN ) cut its price target for CRH (NYSE: CRH ) to 5,400 pence from 5,500 pence but kept a 'Buy' rating. Investec upgraded Relx to 'Buy' from 'Hold', raising its price target to 2,850 pence from 2,500 pence. The same firm downgraded Informa to 'Hold' from 'Buy', reducing its price target to 775 pence from 825 pence.
Goldman Sachs (NYSE: GS ) reinitiated coverage of ConvaTec with a 'Buy' rating and a price target of 300 pence. Jefferies cut its price target for Segro to 920 pence from 1,050 pence but maintained a 'Buy' rating. Morgan Stanley (NYSE: MS ) increased its target for Unite Group to 1,125 pence from 1,050 pence and rated it as 'Overweight'. JPMorgan (NYSE: JPM ) trimmed its price target for Hargreaves Lansdown (LON: HRGV ) to 702 pence from 774 pence and rated it as 'Underweight'.
Barclays (LON: BARC ) raised the price target for Hiscox to 1,130 pence from 1,070 pence with an 'Equal weight' rating. Morgan Stanley downgraded Hiscox to 'Equal-weight' from 'Overweight', reducing its price target to 1,233 pence from 1,387 pence. Berenberg cut the DCC price target to 6,520 pence from 7,250 pence but retained a 'Buy' rating.
JPMorgan downgraded Tesco (OTC: TSCDY ) and B&M European Value Retail both to 'Neutral' and 'Underweight' respectively from 'Overweight', adjusting their targets to 250 pence (from 270) and 513 pence (from 577) respectively. The same firm raised J Sainsbury (OTC: JSAIY )'s price target to 238 pence from 209 pence but kept an 'Underweight' rating.
In the FTSE 250 category, Morgan Stanley lowered the British Land Co price target to 405 pence from 450 pence but kept an 'Overweight' rating. Jefferies raised Bytes Technology's price target to 560 pence from 530 pence with a 'Buy' rating. Peel Hunt downgraded CMC (NS: CMC ) Markets (LON: CMCX ) to 'Add' from 'Buy', cutting its price target significantly to 140 pence from 285 pence.
Morgan Stanley upgraded Lancashire to 'Equal-weight' from 'Underweight', increasing its price target to 692 pence from 627 pence. Canaccord initiated coverage of Trainline with a 'Buy' rating and a price target of 371 pence.
In the small cap sector and other main markets, HSBC downgraded Advanced Medical Solutions to 'Hold' from 'Buy', reducing its price target to 260 pence from 320 pence. Jefferies increased Severfield's price target slightly to 115 pence from 109 pence with a 'Buy' rating. SocGen made adjustments on Kingspan and Ferguson; it downgraded Kingspan to 'Hold' from 'Buy', reducing its price target to €77 from €84 (€1 = $1.0748) while raising Ferguson's price target to £12,834 from £12,385 (£1 = $1.2536) with a Hold rating.
RBC lowered Ecora Resources’ price target slightly to £190 from £220 with an ‘Outperform’ rating. Exane BNP downgraded boohoo.com plc (BOO) to ‘Neutral’ from ‘Outperform’. Peel Hunt also downgraded Headlam Group plc (HEAD) to ‘Hold’ from ‘Buy’, decreasing its price target significantly by £100. Berenberg trimmed Eurocell’s (ECEL) price target by £40 while maintaining a ‘Buy’ recommendation.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.