There are plenty of stocks on the move this morning, quite a few due to analysts upgrades and downgrades, so let’s round a few of them up:
- Zigup: The vehicle rental and fleet management firm’s shares have jumped 11% on its results, with analysts saying the numbers look strong, particularly in its Spanish arm.
- Drax: The power company has bounced about 4% after it received upgrades from analysts at both Citi and Morgan Stanley.
- Trainline: The online train ticket seller has slumped about 11% after getting its only sell rating from JPMorgan, prompted in part by the UK freezing regulated rail fares for next year.
- Paragon: The lender has fallen more than 6% after mixed results, with analysts highlighting weaker lending margin guidance for the year ahead and higher provisions.
- Travis Perkins: The building materials supplier has slipped about 4% as analysts at Jefferies cut their rating, with worries about margins for its core merchanting unit.
