MARKET TALK: Panmure Raises Hyder Consulting Price Target

2nd Jul 2010 10:12

0912 GMT [Dow Jones] Panmure Gordon raises Hyder Consulting (HYC.LN) price target to 418p from 313p. In the context of some industry consolidation following the approaches for Scott Wilson (SWG.LN), reckons there is strong potential for a rerating as we move into the next growth cycle. Sees Hyder as being in a sweet spot at present, with the quality of its earnings continuing to improve coupled with acquisitions potentially coming on to the agenda. Keeps the stock at buy. Shares -4.1% at 324p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 02, 2010 05:12 ET (09:12 GMT)