UK's Savills gains on Peel Hunt upgrade

Savills

19/03/2025 09:17

** Shares of Savills Plc SVS.L rise as much as 3% to 968p; stock among top pct gainers on FTSE 250 .FTMC index

** Peel Hunt upgrades global real estate advisor's stock to "buy" from "hold"; maintains TP of 1,100p

** Brokerage says SVS should enjoy a healthy recovery when commercial transaction activity returns, and strong balance sheet allows it to drive growth through acquisitions

** Savills last week said efforts to get employees back into offices would boost transaction volumes in 2025, after annual profit slightly topped expectations

** 3 of 4 brokerages rate the stock "buy" or higher and 1 "hold"; median PT 1,263.50p – LSEG data

** Session's gains trims YTD losses to around 7%

 (Reporting by Aby Jose Koilparambil in Bengaluru)

 ((abyjose.koilparambil@thomsonreuters.com))