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Broker Roundup: Signet Jewelers and Sportingbet in focus

Signet Jewelers (SIG.L) came into analyst focus, following upbeat first-quarter results, as did Sportingbet (SBT.L) after the bookmaker agreed to buy Australian online rival Centrebet.

 
Broker Roundup: Signet Jewelers and Sportingbet in focus

Signet Jewelers (SIG.L), a top holding of Alistair Mundy's Investec Cautious Managed fund, came into analyst focus on Friday following upbeat first-quarter results, as did Sportingbet (SBT.L) after the bookmaker agreed to buy Australian online rival Centrebet.

Signet Jewelers

  • Citigroup hiked its price target for Signet Jewelers to £35.00p from £33.00p, giving the stock a ‘buy’ rating.
  • Investec hiked its price target for Signet Jewelers to £33.00 from £31.00, giving the stock a ‘buy’ rating.

Sportingbet

  • Altium cut its price target for Sportingbet to 50p from 80p, giving the stock a ‘buy’ rating.
  • Investec raised its rating for Sportingbet to ‘hold’ from ‘sell.’

HMV target price cut

  • Elsewhere, Citigroup cut its price target for HMV Group (HMV.L) to 9p from 18p, giving the stock a ‘hold’ rating. The stock is up 4.5% to 8.5p today.

  • Meanwhile, Citigroup raised its price target for British American Tobacco (BATS.L) to £28.00p from £24.50p, giving the stock a ‘hold’ rating.

  • JP Morgan cut its price target for United Business Media (UBM.L) to 720p from 740p, giving the stock an ‘overweight’ rating.
  • JP Morgan raised its price target for pharmaceutical firm BTG (BGC.L) to 340p from 315p, giving the stock an ‘overweight’ rating.
  • Goldman Sachs raised its price target for De La Rue (DLAR.L) to 840P from 750P, giving the stock a ‘neutral’ rating.

Tarsus upgraded – and the rest

  • Peel Hunt raised its rating for media firm Tarsus (TRS.L) to ‘buy’ from ‘hold.’
  • Peel Hunt began coverage of support services firm Journey Group (JNYJ.L) with a ‘buy’ rating, giving a price target of 4p.
  • RBC raised Cairn Energy (CNE.L) price target to 490p from 470p, giving the sector a 'perform' rating.
  • Panmure cut its target price for Daily Mail and General Trust (DMGOa.L) to 625p from 725p, giving the stock a ‘buy’ rating.
  • Evolution Securities hiked its price target for Electrocomponents (ECM.L), the electronic parts supplier, to 350p, giving the stock a ‘buy’ rating.

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  • Signet Jewelers Ltd (SIG.L)
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  • Sportingbet PLC (SBT.L)
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  • Hmv Group PLC (HMV.L)
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  • British American Tobacco PLC (BATS.L)
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  • United Business Media (UBM.L)
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  • BTG Plc (BGC.L)
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  • De La Rue Plc (DLAR.L)
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  • Cairn Energy PLC (CNE.L)
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  • Journey Group PLC (JNYJ.L)
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  • Tarsus Group PLC (TRS.L)
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  • Daily Mail And General Trust P L C (DMGOa.L)
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  • Electrocomponents PLC (ECM.L)
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