Goldman upgrades Great Portland, Derwent London

by Alex Sullivan | Sep 15, 2023

(Sharecast News) – Goldman Sachs upgraded its stance on Great Portland Estates and Derwent London on Friday.
GPE was lifted to ‘neutral’ from ‘sell’ and the price target to 400p from 360p. The bank said it expects West End market locations, particularly “core”, to deliver a better fundamental asset performance than previously anticipated.

Meanwhile, Derwent was upgraded to ‘buy’ from ‘neutral’ and the price target bumped up to 2,090p from 1,960p.

Goldman said it has greater confidence in West End market fundamentals and that the 14% share price underperformance versus peers in the last three months has created a “steep” valuation discount.

Berenberg raises target price on Moonpig following interims

Dec 8, 2023 | The Broker

(Sharecast News) - Analysts at Berenberg raised their target price on online greeting card and gifting platform operator Moonpig from 250.0p to 265.0p on Friday, stating it was "playing the right cards for growth". Moonpig released its interim results on Tuesday,...

RBC Capital downgrades Imperial Brands, slashes price target

Dec 8, 2023 | The Broker

(Sharecast News) - RBC Capital Markets downgraded Imperial Brands on Friday to 'sector perform' from 'outperform' and slashed the price target to 1,800 from 2,200p on the back of strong outperformance relative to British American Tobacco. The bank said that strong...

eEnergy enters into new contract with Utility Data Intelligence

Dec 8, 2023 | The Broker

(Sharecast News) - Energy services provider eEnergy said on Friday that it has entered into a new contract with Utility Data Intelligence for the provision of bureau services. eEnergy stated the new contract has an estimated annual value of £240,000, expanding the...