STOCKS NEWS EUROPE-Rok up, sees FY in line

Thu Nov 5, 2009 9:27am GMT
 
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Shares in Rok (ROK.L) rise 12.3 percent after the building maintenance firm says it expects full-year forecasts to meet its expectations.

Panmure Gordon says: "More or less a year after the new build-related profit warning it is encouraging to see that the group continues to trade in-line with expectations."

The broker, which has a "sell" rating and a 40 pence price target on the stock, says it is warming again to the company's shares but is staying cautious as it is not sure about a catalyst to drive a re-rating of the stock.

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Reuters messaging rm://shivani.singh.thomsonreuters.com@reuters.net

 

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