Analyst ratings shuffle for London-listed shares: HSBC, Goldman Sachs and Barclays update targets

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HSBC revised its rating for NatWest (LSE:NWG) from ‘buy’ to ‘hold’, setting a new price target at 260 pence. On the other hand, Stifel upgraded Computacenter (LSE:CCC) to ‘buy’ from ‘hold’, raising its price target to 3,025 pence from the previous 2,400 pence mark.

Goldman Sachs made several adjustments among FTSE 100 companies. The firm raised the price target for United Utilities (OTC:UUGRY) (LSE:UU) to 1,143 pence from 947 pence while maintaining a ‘neutral’ rating. It also increased the price target for Severn Trent (LSE:LON:SVT) to 2,364 pence from 2,184 pence but maintained a ‘sell’ stance. Conversely, Goldman Sachs lowered Smiths Group (OTC:SMGZY)’s (LSE:SMIN) price target to 2,180 pence from 2,240 pence but retained a ‘buy’ rating.

Barclays also joined the fray with several amendments. The bank lifted Mondi’s (LSE:LON:MNDI) price target to 1,485 pence from 1,300 pence and maintained an ‘equal weight’ rating. However, it reduced International Consolidated Airlines (OTC:ICAGY)’ (LSE:IAG) price target to 230 pence from 245 pence while keeping an ‘overweight’ rating.

In the FTSE 250 realm, Goldman Sachs trimmed Pennon Group’s (LSE:PNN) price target to 800 pence from 900 pence, maintaining a ‘neutral’ rating. Barclays, on the other hand, cut the price targets for Wizz Air (LSE:WIZZ) and easyJet (LSE:LON:EZJ) to 1,800 pence (from 2,150 pence) and 550 pence (from 620 pence) respectively, while keeping an ‘overweight’ rating for both.

Barclays also lowered Ryanair’s (ISE:RYA) price target to 23 EUR from 24.25 EUR, with an ‘overweight’ rating. It reduced S4 Capital’s (LSE:SFOR) rating to ‘equal weight’ from ‘overweight’, setting a new price target at 95 pence, down from 215 pence.

Jefferies made alterations in the small cap market by cutting Naked Wines’ (LSE:WINE) price target to 125 pence from 160 pence but maintained a ‘buy’ rating. The firm also raised Fevertree Drinks’ (LSE:FEVR) price target to 1,350 pence from 1,150 pence while keeping a ‘hold’ rating.

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