Broker Notes, Comments and Analysis

Broker notes, analysis and comments

Shearwater Group gains momentum as Cavendish lifts FY26 forecasts and points to further upside

Shearwater Group’s latest research note highlights stronger-than-expected FY26 trading, improving cash generation and fresh room for shareholder returns...

Luceco’s growth story gathers pace as Zeus Capital lifts 2027 forecast and price target

Zeus Capital said Luceco delivered broad-based first-half growth, with energy transition sales surging 120% year on year and the core business remaining...

Norcros’ pricing power and market share gains support upbeat investor case after solid AGM update

Norcros reported 3.1% organic revenue growth in the first quarter and left FY27 expectations unchanged, with Shore Capital keeping its 630p target...

Shearwater Group gains momentum as Cavendish lifts FY26 forecasts and points to further upside

Shearwater Group’s latest research note highlights stronger-than-expected FY26 trading, improving cash generation and fresh room for shareholder returns...

Shearwater Group’s FY26 update points to stronger growth, cash and upside potential – Cavendish

Cavendish sees Shearwater Group’s FY26 trading update as evidence of momentum, cash strength and further upside as visibility builds...

Shearwater Group gains momentum as Cavendish lifts FY26 forecasts and points to further upside

Shearwater Group’s latest research note highlights stronger-than-expected FY26 trading, improving cash generation and fresh room for shareholder returns...

Shearwater Group’s FY26 update points to stronger growth, cash and upside potential – Cavendish

Cavendish sees Shearwater Group’s FY26 trading update as evidence of momentum, cash strength and further upside as visibility builds...

Norcros parece infravalorada tras una sólida actualización de la AGM y poder de fijación de precios, según Zeus Capital

Norcros presentó otra actualización comercial alentadora antes de su AGM, con crecimiento orgánico de ingresos, continuas ganancias de cuota de mercado y...

Norcros’ pricing power and market share gains point to further upside, says Shore Capital

Shore Capital’s latest research note on Norcros highlights continued organic growth, resilient pricing power and strong progress towards medium-term targets, with the...

Billington Holdings wins three new contracts worth £28m

Billington Holdings has announced three new contract awards with an expected aggregate value of around £28m, reinforcing its forward order book and supporting Cavendish's positive view on the shares...

James Cropper Plc shares look set for a re-rating, says Singer Capital Markets

Singer Capital Markets has initiated coverage on James Cropper Plc with a Buy rating and a 560p target price, arguing that the market is still undervaluing the company’s improving specialist..

Biotech Growth Trust: A focused route into a biotech recovery

Biotech Growth Trust offers investors a direct route into a potential biotech recovery, supported by low valuations, innovation and demand from large pharmaceutical companies...

Hercules Plc reports robust FY25 growth, says latest SP Angel research note

Hercules Plc delivered FY25 revenue growth, improved EBITDA and expanded market opportunities, according to the latest research note from SP Angel...

Sintana Energy enters a high-impact drilling phase, Auctus Advisors

Sintana Energy strengthens its balance sheet as Auctus Advisors highlights a high-impact drilling programme across Namibia, Angola and Uruguay...

Finseta fundraising supports European growth plans, says Shore Capital

Finseta’s latest Shore Capital note highlights fundraising, management support, European expansion plans and improving momentum across corporate payments and Dubai...

Alien Metals looks well supported by GreenTech progress, says Turner Pope

Alien Metals gains attention as Turner Pope highlights GreenTech funding, joint venture value and Western Australian iron ore potential...

Cora Gold Fully Funded to Development as Sanankoro Takes Major Step Forward, Says Cavendish

Cora Gold’s Sanankoro project is fully funded to development, with Cavendish highlighting major de-risking and a 27p target price...

Touchstone Exploration Sees Pricing Upside and Operational Catalysts in Latest Research Note from Cavendish

Touchstone Exploration’s latest Cavendish note highlights stronger pricing, operational catalysts and potential gas contract upside across its Trinidad asset base...

Avingtrans Secures Major Medical Milestone With Adaptix CE Certification, Singer Capital Markets

Avingtrans secures CE certification for Adaptix Ortho350, strengthening commercial opportunities in Europe and supporting long term medical growth ambitions...

Pharos Energy Positioned for Stronger Production Growth in 2026, Says Progressive Research

Pharos Energy (LON:PHAR) has delivered a positive operational update ahead of its AGM, with the latest research note from Progressive Equity Research highlighting steady production, a strong balance sheet and..

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Broker Notes, Comments and Analysis

Shearwater Group gains momentum as Cavendish lifts FY26 forecasts and points to further upside

Shearwater Group’s latest research note highlights stronger-than-expected FY26 trading, improving cash generation and fresh room for shareholder returns...

Luceco’s growth story gathers pace as Zeus Capital lifts 2027 forecast and price target

Zeus Capital said Luceco delivered broad-based first-half growth, with energy transition sales surging 120% year on year and the core business remaining...

Norcros’ pricing power and market share gains support upbeat investor case after solid AGM update

Norcros reported 3.1% organic revenue growth in the first quarter and left FY27 expectations unchanged, with Shore Capital keeping its 630p target...

Shearwater Group gains momentum as Cavendish lifts FY26 forecasts and points to further upside

Shearwater Group’s latest research note highlights stronger-than-expected FY26 trading, improving cash generation and fresh room for shareholder returns...

Shearwater Group’s FY26 update points to stronger growth, cash and upside potential – Cavendish

Cavendish sees Shearwater Group’s FY26 trading update as evidence of momentum, cash strength and further upside as visibility builds...

Shearwater Group gains momentum as Cavendish lifts FY26 forecasts and points to further upside

Shearwater Group’s latest research note highlights stronger-than-expected FY26 trading, improving cash generation and fresh room for shareholder returns...

Shearwater Group’s FY26 update points to stronger growth, cash and upside potential – Cavendish

Cavendish sees Shearwater Group’s FY26 trading update as evidence of momentum, cash strength and further upside as visibility builds...

Norcros parece infravalorada tras una sólida actualización de la AGM y poder de fijación de precios, según Zeus Capital

Norcros presentó otra actualización comercial alentadora antes de su AGM, con crecimiento orgánico de ingresos, continuas ganancias de cuota de mercado y...

Norcros’ pricing power and market share gains point to further upside, says Shore Capital

Shore Capital’s latest research note on Norcros highlights continued organic growth, resilient pricing power and strong progress towards medium-term targets, with the...

Billington Holdings wins three new contracts worth £28m

Billington Holdings has announced three new contract awards with an expected aggregate value of around £28m, reinforcing its forward order book and supporting Cavendish's positive view on the shares...

James Cropper Plc shares look set for a re-rating, says Singer Capital Markets

Singer Capital Markets has initiated coverage on James Cropper Plc with a Buy rating and a 560p target price, arguing that the market is still undervaluing the company’s improving specialist materials franchise and the recovery underway in Paper & Packaging...

Biotech Growth Trust: A focused route into a biotech recovery

Biotech Growth Trust offers investors a direct route into a potential biotech recovery, supported by low valuations, innovation and demand from large pharmaceutical companies...

Hercules Plc reports robust FY25 growth, says latest SP Angel research note

Hercules Plc delivered FY25 revenue growth, improved EBITDA and expanded market opportunities, according to the latest research note from SP Angel...

Sintana Energy enters a high-impact drilling phase, Auctus Advisors

Sintana Energy strengthens its balance sheet as Auctus Advisors highlights a high-impact drilling programme across Namibia, Angola and Uruguay...

Finseta fundraising supports European growth plans, says Shore Capital

Finseta’s latest Shore Capital note highlights fundraising, management support, European expansion plans and improving momentum across corporate payments and Dubai...

Alien Metals looks well supported by GreenTech progress, says Turner Pope

Alien Metals gains attention as Turner Pope highlights GreenTech funding, joint venture value and Western Australian iron ore potential...

Cora Gold Fully Funded to Development as Sanankoro Takes Major Step Forward, Says Cavendish

Cora Gold’s Sanankoro project is fully funded to development, with Cavendish highlighting major de-risking and a 27p target price...

Touchstone Exploration Sees Pricing Upside and Operational Catalysts in Latest Research Note from Cavendish

Touchstone Exploration’s latest Cavendish note highlights stronger pricing, operational catalysts and potential gas contract upside across its Trinidad asset base...

Avingtrans Secures Major Medical Milestone With Adaptix CE Certification, Singer Capital Markets

Avingtrans secures CE certification for Adaptix Ortho350, strengthening commercial opportunities in Europe and supporting long term medical growth ambitions...
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