"Canaccord Genuity initiated coverage on 10 multi-channel retail stocks on Monday as it said the outlook is looking brighter.

Pets at Home
Source: Sharecast

Canaccord’s preferred large-cap pick is Pets at Home, which it started at ‘buy’ with a 350p price target. It said recent infrastructure investment provides the building blocks for outperformance of a growing UK pet care market.

Its preferred mid-cap pick is Card Factory, rated ‘buy’ with a 185p price target, which it said offers a multi-channel growth opportunity in the UK and internationally as the business focuses on the large non-card, gifting and celebration market.

In small caps, Canaccord’s preferred picks are ‘buy’ rated Angling Direct and ProCook, for which it has price targets of 57p and 48p.

It said Anglo Direct offers strong growth potential in the UK and Europe as it takes advantage of increasing financial distress amongst independent operators. Meanwhile, ProCook looks set for a strong recovery over the next 12-24 months and is back on the front foot in terms of store expansion, it said.

Canaccord has a price target of 57p on Angling Direct and 48p on ProCook.

Canaccord started B&M European Value Retail at ‘buy’ with a 600p price target. It said it sees significant long-term store expansion potential in the UK and France combined with LFL growth and scope for further special dividends.

It also started Dunelm at ‘buy’, with a 1,250p price target, as it said further store and digital platform expansion is coupled with the prospect for further special dividends.

WH Smith was initiated at ‘buy’, with a 1,469p price target. Canaccord said it sees significant further growth potential for the travel division across the globe.

Wickes also got a ‘buy’ rating, with a 180p price target. Canaccord pointed to scope for further store expansion and organic initiatives including the development of the TradePro membership scheme.

Finally, it started both Halfords and Topps Tiles with ‘hold’ recommendations and price targets of 146p and 42p, respectively.

"Both have ambitious growth plans but we want to see further evidence that earnings have stabilised before taking a more positive stance," it said."

Personal choice ProCook. Bought on 212 as not available on freetrade. Was trying to buy more Friday BUT 212 says maximum you can buy is 400? I already own way more than that.
Seriously something to do with risk for them ?
some of these neobrockers are shit. Annoying up 6.5% today.
I will have to put some money into my sipp and buy big.

I can't comment on the financials, but I have become a regular customer of Dunelm and have a very high regard for the choice, quality and prices on offer.

I've bought bedsheets and cuvet sets, pillows, expensive curtains, light fittings and kitchenware over the past 12 months. And probably going to buy new crockery early next year.

Staff are bright and helpful. The order online, pick up in store is efficient. It's my 'go to' for this kind of stuff.

I know this is all a bit subjective, but Im sure my positive viewpoint is not unique.

I suppose previously I'd have gone to IKEA, but weird continental sizing, slow checkouts, stressy pickup arrangements and very high delivery charges have made me desert it.

You can research all day long and still get it wrong . Anyway a bit of brokers forecasting helps with decisions. First link from IC clearly shows favourable Revenue , Earnings and Dividends looking out to 2026. Green bars so good news so far.

https://markets.investor...et/forecasts?s=DNLM:LSE

Normally here for detailed analysis with these two links. Read a bit of recent company news .

https://www.marketscreen...NELM-GROUP-PLC-9590221/

https://www.marketscreen...-PLC-9590221/consensus/

The tea leaves which 99% of punters won't bother with. For a punt it's oversold with a few lower indicators but there again no different to the rest of the market.

https://bigcharts.market...ggle=false&state=11

Long term chart has broken down in recent weeks. My guides are 5 month moving average and Williams especially below the 50 line. Momentum poor then ? Many indicators to use but if somebody has any others to consider I'll gladly have a look. Anyway daily timeframe is a punt but monthly pointing in the wrong direction for me. One for the radar you could say ? You see buyers would just buy I suppose but I'd rather ATTEMPT to get off to a good start with the tea leaves (TA)

https://bigcharts.market...oggle=false&state=11

Having been involved with retail most of my life I tend to ignore them due to the vagaries of that market. Particularly in the UK/EU.

However, Jim Slater ( one of the best stock pickers ever IMHO who pointed me (and I'm sure many of us) in the direction of a number of really good calls) recommended the American Home depot in his Telegraph column @ $100 a share. Being far more insane then I bought 100 shares to hold. Ah, the days when I had money. They are now at $392 I will sell half if they reach $400 and put half of the proceeds in to NRR. Not a retailer but they have a nose for good out of town, but localised, retail parks with the retailers you speak of amongst their clients.

You never add value just worthless crap,
If forum members don't follow your advice they are gambling.
Shite followed by shite followed by more shite.
Why have you even replied? Other than to attack other people's views.
Your family must despise you for constantly putting them down.
The forum would be much better off without you.
Happy Christmas arsehole