Shares in Renishaw Plc rise as much as 3 percent after the precision engineer says its order book nearly doubled in the first half and it was cautiously optimistic for the full year.
Numis Securities says: 'We believe that Renishaw is still a good recovery play as it is a world leader in its field and with its high operational gearing, we should see further earnings momentum as volumes grow'.
The brokerage raises its fiscal 2010 pretax profit forecast for the company by 50 percent to 18 million pounds and for fiscal 2011 by 20 percent to 31.7 million pounds.
Numis upgrades the stock to 'add' from 'hold' and has a 700 pence price target.
Shares in Plant Health Care fall more than 7 percent after the company says at least one-third of its sales expected for 2010 would now likely fall in the next year, despite forecasting a significantly reduced full-year loss.
'There is a slight wobble caused in the share price by the timing of near-term sales but the absolute quantum of revenue for 2010 and 2011 combined should be unaltered,' FinnCap analyst 2010 and 2011 combined should be unaltered,' FinnCap analyst Charles Pick says.
Pick keeps his 'buy' rating and has a price target of 300 pence on the stock.
Shares in System C Healthcare Plc rise 3 percent as the healthcare IT specialist posts a 49 percent rise in first-half profit, driven by growing demand for its products and a positive outlook.
Charles Stanley analyst Ian Mitchell says: 'System C has delivered strong growth in its interim results, achieving 50 percent of our full year revenue and operating profit forecasts despite the second-half typically being stronger'.
'System C has a wealth of domain knowledge in healthcare IT that is in strong demand as the NHS seeks to upgrade its systems to cope with modern demands,' says Mitchell, who has a 'buy' rating on the stock.
Shares in British soft drinks maker Britvic rise 4.1 percent as it posts an increase in first quarter revenues of 11 percent due to strong growth and a consumer switch to premium products in the water and sports drinks category.
'A very strong Q1 sales performance, led by carbonates volume up 17 percent, is likely to lead to consensus forecast upgrades,' says Evolution Securities analyst Andrew Holland.
'Britvic is cautious on Q2, citing tougher comparisons and poor January weather, but our current sales growth forecast of 3.4 percent for the full year looks low,' he adds.
The broker maintains its 'buy' recommendation on the stock with a target price of 420 pence.
The FTSE Small Cap index slips 0.1 percent lower at open, easily outperforming more significant slides by the blue chip and mid cap indexes, which lose 1.4 and 0.9 percent, respectively.
Charles Stanley adds 2.5 percent after the independent stockbroker says, in a trading update, that its funds under management rose 4.3 percent in the third quarter, from the previous quarter, as its business continued to show resilience, and it plans to resume dividends with a 5 pence interim payout.
In reaction, Canaccord Adams raises its target price for Charles Stanley to 391 pence from 374 pence and reiterated its 'buy' rating on the stock.
International Ferro Metals sheds 5.5 percent, tracking sharp falls in the broader metals & mining sector having had a good run following recent production data.
For more on Charles Stanley's update double click on
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