Broker Snaps

Published on Tuesday 2 December 2008 20:49

Rolls-Royce 289.25p +3.25p Broker says BUY

ANY weakness in Rolls-Royce's share price "can be viewed as a long-term buying opportunity" according to Fyshe Horton Finney.

The broker carries a "buy" rating on Rolls-Royce, with a target price of 527p, highlighting the engineering firm's diversity of clients.

Fyshe said: "Short-term shares will be volatile as the market remains jittery but the recent trading update underlined the quality and size of the order book."

RBS

64p +9.2p

Broker says BUY

MERRILL Lynch believes shares in RBS are "trading at a deep discount to net asset value which has the time and capacity to deliver change".

The broker – which carries a "buy" recommendation for RBS with a price target of 93p – put forward five strategies for the bank.

These "mix and match" options included selling US-based Citizens Bank to buy back the UK government's preference shares and selling its Bank of China stake.

RBS

64p +9.2p

Broker says BUY

MERRILL Lynch believes shares in RBS are "trading at a deep discount to net asset value which has the time and capacity to deliver change".

The broker – which carries a "buy" recommendation for RBS with a price target of 93p – put forward five strategies for the bank.

These "mix and match" options included selling US-based Citizens Bank to buy back the UK government's preference shares and selling its Bank of China stake.