CLOSE BROTHERS

P 450 400 350 16 Feb 299.20 300 250 12 Feb 13 Feb 14 Feb 15 Feb 16 Feb

Peel Hunt analysts downgraded Close Brothers after the merchant banking group saw its share price collapse 29.9 per cent. The firm's shares crashed after announcing it would be scrapping its dividend payments due to potential compensation costs from a motor finance review by the FCA. The Peel Hunt maintained their Hold rating and target of 518p, but said they will refresh their assumptions after its upcoming results.

MJ GLEESON 520

P 510 508 16 Feb 500 490 480 470 12 Feb 13 Feb 14 Feb 15 Feb 16 Feb

Housebuilder MJ Gleeson gave "few surprises" in its interim results last week, according to Peel Hunt analysts, despite seeing group revenue fall 11 per cent. Praising the "uniqueness of the group's model, high barrier to entry, and growth potential", the analysts held their Buy rating, with a target price of 590p.

(c) 2024 City A.M., source Newspaper