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View the article online at http://citywire.co.uk/wealth-manager/article/a245641

Numis mines for gains at Rio Tinto

by Andrew Zilouf on Jan 30, 2003 at 13:45

Numis Securities has upgraded Rio Tinto to hold from buy and is impressed by its full-year figures.

It has given Antofagasta (ANTO) a buy rating in response to its improved production figures.

The broker has a long-term buy rating for Berkeley Berry Birch (BBH) but is concerned about the finance group's profits-warning.

It recommends a buy for Courts (CRTO) and expects an uplift in profits this year.

Numis has reiterated its buy rating with a 550p price target for Cranswick (CWK) in response to its solid trading statement.

It has upgraded Hunting (HTG) to hold from sell in response to its positive trading update.

The bank recommends a buy for Ultimate Leisure (ULG) and thinks stock is oversold after a 25% shares fallback in recent months.

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  • Antofagasta PLC (ANTO)
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  • (BBH)
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  • Courts PLC (CRTO)
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  • Cranswick PLC (CWK)
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  • Hunting PLC (HTG)
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  • Ultimate Leisure Group PLC (ULG)
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