TRADER TIPS
What City insiders are recommending . . .
BUY THIS: SafeCharge
GROWTH in the payment sector prompted Berenberg analysts to reinstate a ‘Buy’ rating on SafeCharge. Perceived as facing high risks, the payment services provider is expanding its exposure to lower-risk markets. Berenberg said SafeCharge also had potential as a target for new entrants into the market, and put a price target of 350p on the stock.
SELL THIS: GKN
PANMURE Gordon has placed a ‘Sell’ rating on GKN. The engineering giant’s new chief executive is quitting, the firm gave a profit warning on October, and it is expected write off £80m to £130m in a review of working capital. Panmure has cut its earnings-per-share forecast to 23p and expects no final dividend. Its target price is 230p, down from 300p.