UK MARKET TALK ROUNDUP: SHARES GAINING

7th Jul 2010 10:10

Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0910 GMT [Dow Jones] Investec Securities raises Robert Walters (RWA.LN) target to 300p from 260p following the company's 2Q update. Says it confirms the group has continued to perform very well, with the Asia Pacific region recovering particularly strongly. Notes headcount has been increased and there are plans to further expand the office network. Retains a buy recommendation "on a business with strong management, a very attractive international profile and further strong recovery potential." Shares +13% at 220p. ([email protected]) 0828 GMT [Dow Jones] Panmure Gordon upgrades Robert Walters (RWA.LN) to buy from hold following recent share price weakness. Notes the company's strong 2Q numbers, adding they showed excellent growth in a number of territories, in particular Asia Pacific. Says recruitment activity has clearly improved and the company's strong market positions have begun to pay off. Has 230p price target. Shares +12% at 218p. ([email protected]) 0712 GMT [Dow Jones] Merchant John East Securities ups Robert Walters (RWA.LN) to buy from hold. Says the firm had a very strong second quarter with growth accelerating from an already good first quarter. Increases its 2010 pretax profit forecast 42% to GBP10.25M from GBP7.2M and its 2011 view to GBP14M from GBP10.8M. Reckons the increase in activity comes from permanent recruitment. Keeps 240p target price. Shares +7.6% at 210p. ([email protected]) Contact us in London. +44-20-7842-9288 [email protected] (END) Dow Jones Newswires July 07, 2010 05:10 ET (09:10 GMT)