Vanadium producer Bushveld Minerals has reported lagging sales in the second half of the year. This has caused Peel Hunt analysts to lower their 2021 EBITDA loss forecast to reflect lower sales. "We expect higher net debt at year end, before deleveraging begins" next year, analysts explained. Analysts recommended a Buy, but with a target price of 19p - down from 27p.
Travel concierge firm Ten Lifestyle was recommended as a Buy by analysts. Peel Hunt analysts praised the firm's "resilience and progression" and pointed to a target price of 182p. The company "is now more advanced, further widening the gap from weakening competition, and has started the 2022 financial year well," Peel Hunt analysts explained.
(c) 2021 City A.M., source Newspaper