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Broker spotlight - Next, Betfair, Centrica, Barclays, Rame Energy...


A punchy target for betting exchange Betfair (LON:BET) from Barclays, which urged investors to resist the temptation to take profits.

Shares have already risen by 40% this year so far to 2,214p, but this may be only the beginning suggests the broker.

The price target rises to 2,500p, but there is potential to go to 2,800p and the blue sky case is 3,330p said the broker. 

International Personal Finance also gets an upgrade (to ‘Buy’ from ‘Hold’) with an upgraded price target of 600p from German broker Berenberg.

Shares in the emerging market-focused sub-prime lender have struggled on foreign exchange and regulatory fears, but IPF is exposed to significant long-term growth opportunities and the headwinds should ease.

Barclays (LON:BARC) comes out top in Morgan Stanley’s assessment of three banks it met recently.

Barclays, overweight, still has value to be unlocked from the non-core businesses with 25% upside potential.

RBS (LON:RBS) gets an ‘equal-weight’ rating on a fair value target of 350p and Standard Chartered (LON:STAN) is ‘underweight’.

Brokers also took a trip to the shops Tuesday with Next (LON:NXT) described as an "unexpected buying opportunity" by German bank Berenberg.

"We reiterate our Buy recommendation and increase our price target to 8,150p, providing c12% upside to the current share price. 

"We believe share price weakness following the FY15 results represents a buying opportunity for a highly cash-generative business with long-term sustainable growth potential supported by investment in overseas distribution," it said. 

Meanwhile, High Street bellwether Marks (LON:MKS) gets a visit from broker Deutsche today, which has upped the price target 30p to 580p and  repeated a  'buy' call.

The retailer posts fourth quarter sales figures on April 2 and the broker forecasts around a 3% sequential improvement from Q3 in UK like-for-like sales as the food business benefits from slight improvement in the market, whilst general merchandise, though still losing share, starts to "put its website problems behind it".

Deutsche has also upgraded building materials group CRH's (LON: CRH) target price to 2,050p from 1,964p and repeated a 'hold'.

But it has downgraded the price target on energy giant and British Gas owner Centrica (LON:CNA) to 225p from 280p.

US broker Jefferies has turned sour on drinks giant JD Wetherspoon (LON:JDW), downgrading to 'hold' from 'buy'.

Rame Energy’s (LON:RAME) expansion of its framework agreement with  Santander is good news suggests Northland.

The sale of the Punta Chome project also demonstrates an increasingly buoyant market in Chile. In the first nine months of 2014, Chile installed 382MW of wind capacity, tripling 2013’s new build and doubling the total capacity as Chile looks to capitalise on its potential for wind and solar power. 

© tech Capital 2019

Tech Capital, a subsidiary of Proactive Investors, acts as the vanguard for listed tech companies to interact with institutional and highly capitalised investors.
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