RE: New Broker Rating29 Jul 2020 10:17
Martin Sorrell's S4 Capital is a relative winner of the coronavirus pandemic and now has firepower for more acquisitions after a well-supported placing earlier this month, Numis says. The brokerage starts coverage on the U.K. digital advertising and marketing services company with an add recommendation and a target price of 370 pence. "More agile, digital led agencies can focus on new growth opportunities with limited legacy asset drag. S4 fits the bill, as does Next15," Numis says. S4's client skew to tech companies helps it both in a hiatus period during the coronavirus pandemic and for long-term growth, Numis says.