FTSE 250 movers: N Brown lifted by broker recommendation

10th Jan 2014 15:40

Home shopping firm N Brown jumped after Oriel Securities reiterated its 'buy' rating on the stock. Similarly, Enterprise Inns also climbed after Deutsche Bank reaffirmed its 'buy' recommendation for the pub group.Home repairs company HomeServe climbed after UBS upgraded it to a 'buy' with a 320p target price saying that while it is a risk to do so, "the worst case scenarios envisaged back in 2011 have not materialised". It continued: "UK partners have remained loyal, UK customer appetite for core products remains and contagion into the International business has not occurred [...] While the UK profits will have halved peak-trough we believe it can grow again, while progress in the International businesses has remained good."Digital media group Perform also jumped as investors welcomed the resignation of Chief Financial Officer David Surtees following a profit warning by the company last month.Meanwhile, electronics components maker Laird retreated one day after it expressed confidence it will hit full-year expectations after enjoying a 'significantly stronger' second half. The cost of restructuring to keep on top of market innovations offset the higher demand from smartphone and consumer markets.Big Yellow Group declined after Liberum Capital reiterated its 'hold' recommendation on the stock. FTSE 250 - RisersBrown (N.) Group (BWNG) 557.00p +6.10%Enterprise Inns (ETI) 166.90p +5.57%Homeserve (HSV) 273.40p +5.56%Perform Group (PER) 248.30p +5.35%Debenhams (DEB) 80.20p +5.25%Synthomer (SYNT) 279.50p +5.23%Cobham (COB) 293.70p +4.89%Spirent Communications (SPT) 89.95p +4.71%Bovis Homes Group (BVS) 852.00p +4.60%Restaurant Group (RTN) 657.00p +4.45%FTSE 250 - FallersEssar Energy (ESSR) 68.55p -2.56%Laird (LRD) 312.40p -1.48%Big Yellow Group (BYG) 482.50p -1.39%Greencore Group (GNC) 226.00p -1.31%Hiscox Ltd (HSX) 640.50p -1.31%Amlin (AML) 434.60p -1.11%Grafton Group Units (GFTU) 630.00p -1.10%Bank of Georgia Holdings (BGEO) 2,499.00p -1.07%F&C Asset Management (FCAM) 88.25p -1.01%Betfair Group (BET) 1,075.00p -0.83%NR