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Savills upgraded by Citi

17 August 2016 13:59

Citigroup has upgraded its recommendation on real estate services provider Savills (LON:SVS) to 'buy' from 'neutral', stating that the group delivered a reassuring first half performance.

It also said that the shares are now attractive following the circa 20 per cent de-rating since the beginning of the year.

Analysts added: "We maintain the view that given the ongoing 'Search For Yield', Real Estate is likely to remain attractive. Savills, as a facilitator of capital flows remains well placed."

Citi left its target price unchanged at 815 pence a share.

At 1:59pm: (LON:SVS) Savills PLC share price was +41p at 740p

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