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London-listed shares face significant target adjustments

EditorPollock Mondal
Published 01/11/2023, 11:10
© Reuters.
HSBA
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BP
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RHIM
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WTB
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IGG
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SGRO
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ESNT
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FTMC
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ENT
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ASCL
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AML
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SBA
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Several London-listed shares have undergone notable changes in their price targets, following recent analyst recommendations. Today, UBS and Berenberg made significant alterations to the targets of HSBC (LON:HSBA) and Whitbread (LON:WTB) respectively. UBS reduced the price target for HSBC to 620 pence, maintaining a neutral outlook, while Berenberg increased Whitbread's target to 4,200 pence, preserving its buy rating.

Goldman Sachs (NYSE:GS) also played a significant role in today's revisions, downgrading Segro to sell with a new target of 580 pence. The financial giant also lessened BP (NYSE:BP)'s target to 640 pence but maintained a buy recommendation. JPMorgan (NYSE:JPM) marked BP as underweight, setting a new target at 550 pence. The firm also decreased Entain (LON:ENT)'s target to 1,700 pence while keeping an overweight stance.

In the FTSE 250 segment, Goldman Sachs reduced Aston Martin Lagonda Global's target to 408 pence but retained a buy stance. Berenberg revised Mobico Group's target to 100 pence with a buy rating. Barclays (LON:BARC) adjusted the targets for Ascential and IG Group and increased Ascential's target to 320 pence while maintaining an overweight rating.

RBC lowered RHI Magnesita's target to 2,800 pence with a 'sector perform' rating. Jefferies made adjustments to the targets for Essentra (LON:ESNT) and Safestore, cutting Essentra's target while retaining a buy rating and reducing Safestore's target with a hold stance.

Berenberg also made revisions in the Small Cap sector, adjusting targets for ASOS (LON:ASOS), Adriatic Metals, and Yellow (OTC:YELLQ) Cake, all with 'buy' ratings. These changes illustrate the dynamic nature of the stock market and reflect analysts' evolving perspectives on these companies' performance and future prospects.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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