RPS.L Share News (RPS)

Seymour Pierce has reiterated its 'buy' rating and 1,500p target price for luxury brand Burberry after a better-than-expected first half."On our current numbers, the shares are trading [at 16.1 times full-year earnings] which we believe is undemanding for its long term growth prospects. [...] We still consider Burberry a strong long term growth story with significant geographical and product mix opportunities," analyst Kate Calvert said.Credit Suisse has reiterated its 'outperform' rating and 300p target price for telecoms titan BT Group saying that the firm's second-quarter results last week support its positive view on cost-cutting and of rising demand for high-speed broadband."In the Q2 results BT again demonstrated its ability to cut costs in its core UK wireline business and compensate for declining EBITDA [earnings before interest, tax, depreciation and amortisation] trends in Global Services [known as GS]," said research analyst Paul Sidney.Panmure Gordon has reduced its price target for RPS Group from 270p to 242p and retained its 'hold' rating for the stock following a mixed trading update from the natural resources, land and property consultancy.The broker said: "RPS has delivered a solid Q3 IMS, indicating that it continues to trade in line with expectations. However, we take a more cautious stance on 2013E and 2014E estimates, given the scope for project delays and margin pressure in Australia, which is slowing down."BC