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(Sharecast News) - Analysts at Berenberg lifted their target price on video games developer Everplay from 370p to 495p, saying a strongerthanexpected franchise performance had prompted upgrades across its forecasts.
Berenberg kept its 'buy' rating on the stock and raised its FY26-28 adjusted underlying earnings estimates by 8to 11%, driven by exceptional sales of Wardogs and a strong start for Hell Let Loose: Vietnam.
Despite a sharp rerating in the past week, Berenberg said the shares still looked undemanding given the potential scale of the Wardogs franchise and improved returns on development spend.
Berenberg upgraded its FY26 revenue forecast to £200m and EBITDA to £56.7m, lifting earnings per share expectations by 15%. It also highlighted Everplay's lower guidance for capitalised development spend, which it said should ease investor concerns after recent increases.
The German bank noted that firsthalf results reflected a heavily secondhalfweighted release schedule, with revenue down 8% and EBITDA falling 52%, but said restructuring at Astragon and a refocus on core IP should support a stronger H2.
Deutsche Bank hiked its price target on Kier to 330p from 295p on Weednesday after the company said a day earlier that 2027 earnings were set to be at the top end of its expectations, and that it will not be making any more investments in new property developments as it focuses on its core businesses of infrastructure and construction.
The bank noted that Kier reported 10% earnings per share growth in FY26 and upgraded its medium-term targets to include a double-digit EPS compound annual growth rate.
"New Strategic Priorities are to focus on the core Infrastructure and Construction businesses, target more than £200m average net cash by FY29 while winding down Property and repaying the bond, and enhance quality of earnings," DB said. "We view the 10x price-to-earnings multiple as highly attractive for a double-digit EPS CAGR opportunity, in addition to a 6% distribution yield."
Deutsche, which rates the shares at 'buy', said it estimates roughly half the double-digit medium-term earnings per share compound annual growth rate can be delivered by holding the margin on the upgraded mid-single-digit revenue growth target, underpinned by growth across water, defence, energy and healthcare markets.
"We estimate the other half can be delivered by interest cost savings, with the 9% coupon £250m bond due Feb-29," it added.