MARKET TALK: Investec Nudges Up Assura Price Target

29th Jun 2010 09:55

0855 GMT [Dow Jones] Investec Securities nudges up Assura (AGR.LN) price target to 57p from 54p. Says while the shares have performed well over the last year, there is more to go for as investors warm to what is a much clearer investment case. Notes the company has been streamlined and with overheads reduced by GBP15M, it is now profitable and cash generative. "This transformation has yet to be recognised in the share price, with Assura trading at a significant discount to net assets, unlike its peers which trade on small premia." Keeps the stock at buy. Shares flat at 42p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires June 29, 2010 04:55 ET (08:55 GMT)