Twitter icon Email alerts icon Latest News RSS icon Magazine icon Stay connected:

View the article online at

Is it time to back next stage of Brewin turnaround?

by Elsa Buchanan on Dec 05, 2013 at 10:59

Daniel Stewart & Co analyst Simon Willis welcomed Brewin’s new dividend policy, based on a target pay-out ratio of 60%-80% of adjusted earnings per share, describing the group's preliminary results as ‘above all expectations’.

In light of this, Canaccord Genuity increased the dividend per share (DPS) forecasts for 2014 by 10% to 11p, and 25% for 2015 to 15p, but maintained its profit and loss forecasts.

The analysts see potential upside of 8.6% to their new 304p December 2014 price target, representing an increase in relation to their 285p June 2014 target.

Looking ahead, Canaccord Genuity is upbeat. ‘Over the next twelve months we are positive on the UK and see scope for the APCIMS index to rise 5% [per annum], and Brewin Dophin shares to generate a 13% TSR,’ the analysts noted.

On Thursday at 10:50 Brewin Dolphin’s share price was trading at 282.9 pence, up 2.56% since Brewin's results.

Sign in / register to view full article on one page

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Long time coming: is the recovery here to stay?

Ian McVeigh and Steve Davies, managers of Jupiter's UK Growth fund, talk about their predictions for the UK equity space. Click here to watch a series of sponsored interviews with Jupiter's fund managers on the UK equity market.

Today's top headlines

More about this:

Look up the shares

  • Canaccord Genuity Group Inc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Brewin Dolphin Holdings PLC (BRW.L)
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them

More from us


On the road

Click here to find out more from the Audience Development team.


SJP soft-closes Asante and Wood funds

by Robert St George on Apr 23, 2014 at 15:28

Sorry, this link is not
quite ready yet