15 Oct 2014 05:23
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Don't have an account? Click here to register.Broker snap: Solid year for British Polythene, says Investec
Tue, 20th Dec 2011 12:21
Investec has maintained its buy recommendation on British Polythene Industries (BPI) after the manufacturing firm revealed this morning that full-year results would come in at the top end of expectations.The broker notes that trading has remained consistent with that described in the group's November trading update. "The group has benefited from structural changes effected in the UK in recent years and a strong European performance," said analyst John Lawson.Investec predicts that BPI can generate around £18.5m in full-year pre-tax profits, a 17% rise on last year's £15.8m.A 400p target price is kept.Shares were trading 1.09% higher at 323.5p by 12:20 on Tuesday.BC
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29 Aug 2014 10:58
Friday broker round-up UPDATE
Arrow Global: Numis shifts target price from 285p to 287p and leaves its add rating unchanged. Berendsen: Oriel raises target price from 1130p to 1243p keeping a buy recommendation. British Polythene Industries: Investec ups target price from 720p to 750p reiterating a buy recommendation. bwin.pa
Read more29 Aug 2014 05:24
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