Best of the Brokers for 10 September 2015
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Panmure Gordon reiterated its “hold” recommendation on the technology firm, which has been “slamdunking the awards” recently, picking up several accolades. “The latest industry endorsement reminds us that Aveva has some great software,” the broker said. Target price is maintained at 1,895p.
Arden Partners maintained a “buy” rating on the oil firm, following the news that it has started to receive payments from Kurdistan. The broker said: “Regular export payments really are the central theme for the Genel investment case and seeing these entrenched is the only way [absent an oil price recovery] to a recovery for the stock.”
Cantor Fitzgerald reiterated its “buy” rating on the logistics management group, after taking a trip with the firm’s chief exec to visit investors. The broker said: “We are now more convinced that the company can generate free cash of 10p-15p per share this year, which will give the board scope to pay an attractive dividend.”