Stock Market News
Broker tips: Barclays, British Land, Carpetright
29-01-2013 11:02
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Ahead of Barclays's full-year results due on February 12th, UBS has raised its target price for the stock from 315p to 325p and kept its 'neutral' rating.
The broker expects Barclays to report a full-year profit before tax (PBT) of £6,909m for 2012, slightly above the consensus estimate of £6,856m. due to improved cost efficiency.
"However, we think the better operating backdrop for market activity will feed through to Barclays estimates this year and we have lifted our group estimates for 2013 by 5.0% to reflect this," UBS said.
Panmure Gordon has raised its target price for real estate group British Land from 570p to 600p and retained its 'buy' rating following the company's third-quarter trading update.
The broker labelled Tuesday's statement as "robust" with British Land saying it has performed well against a difficult market backdrop.
Prime Markets has labelled carpet and flooring retailer Carpetright as a 'buy', saying that group's solid UK growth should confound any critics.
"Once again, evergreen floor coverings giant Carpetright confounds the critics by revealing a 3.2% hike in UK sales. The results throw scorn at those who say traditional High St retailing is dead, and also mocks those analysts who continue to say the company is overvalued," said Prime Markets' head of dealing Richard Curr.
BC
The broker expects Barclays to report a full-year profit before tax (PBT) of £6,909m for 2012, slightly above the consensus estimate of £6,856m. due to improved cost efficiency.
"However, we think the better operating backdrop for market activity will feed through to Barclays estimates this year and we have lifted our group estimates for 2013 by 5.0% to reflect this," UBS said.
Panmure Gordon has raised its target price for real estate group British Land from 570p to 600p and retained its 'buy' rating following the company's third-quarter trading update.
The broker labelled Tuesday's statement as "robust" with British Land saying it has performed well against a difficult market backdrop.
Prime Markets has labelled carpet and flooring retailer Carpetright as a 'buy', saying that group's solid UK growth should confound any critics.
"Once again, evergreen floor coverings giant Carpetright confounds the critics by revealing a 3.2% hike in UK sales. The results throw scorn at those who say traditional High St retailing is dead, and also mocks those analysts who continue to say the company is overvalued," said Prime Markets' head of dealing Richard Curr.
BC
| Related share prices |
|---|
| Barclays (BARC) share price |
| British Land Co (BLND) share price |
| Carpetright (CPR) share price |
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