TRADERS TIPS

What City insiders are recommending . . .

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Tui

THE travel company behind Thomson and First Choice was in a bullish mood last week as holidaymakers worried about the global terror threat ditched Turkey for Spain. It said it remains on track to meet its target of 10pc growth this year – something which went down well with analysts at Nomura who recommended clients buy the shares. Nomura thinks the stock – currently worth 1081p – should be 1785p.

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Weir Group

ANALYSTS at Panmure Gordon think investors should ditch shares in engineering company Weir Group.

The firm – which operates in the minerals, oil and gas, and power sectors – has been hit by the slump in oil and metal prices. It is feared that this will continue to lead to subdued global demand for its equipment and servicing.

Weir’s shares are currently 1077p but Panmure has a target price of just 750p.