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Best of the Brokers for 06 August 2014
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BSKYB
Numis keeps its “buy’ rating for BSkyB and raised its target price by 41p to 982p following last week’s strong full-year results and the purchase of Sky Deutschland and Sky Italia from 21st Century Fox. BSkyB forecasts synergy benefits at £200m by 2017, though Numis thinks “this target will prove conservative”.
SPORTS DIRECT INTERNATIONAL
Accendo has issued a “sell” rating for Sports Direct, contradicting recent guidance from other analysts. Accendo cites RSI (relative strength index), which has not reached 2014 lows, as well as the share price’s downward trend since April.