MARKET TALK: Investec Lifts Rank Group 2010 EPS Estimate

29th Jul 2010 08:17

0717 GMT [Dow Jones] Rank Group's (RNK.LN) 1H results are in line with previous expectations on an operating basis and slightly ahead on interest and tax, says Investec. It lifts '10 EPS forecast by 2.2% to 9.2p, its fifth EPS upgrade in just over a year. In the medium-term, Investec sees continued investment driving both volumes and spend across each division. "Moreover, regulatory risk is now marginally on the upside given Conservative Party proposals on gaming machines," adds Investec. Buy rating, 137p target. Shares +2.3% at 111.7p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 29, 2010 03:17 ET (07:17 GMT)