Robert Walters upgraded by Numis

Numis has upgraded its investment rating on recruitment specialist Robert Walters (LON:RWA) to ‘add’ from ‘hold’, which it said was following the company’s stronger than expected third-quarter trading performance.

The broker added: “The benefits of investment in its RPO services business are evident during this period and has more than offset the tougher environment in the UK staffing market experienced throughout the sector.”

Analysts have hiked their target price to 400 pence per share (from 275 pence).

At 1:26pm: (LON:RWA) Robert Walters PLC share price was -4.62p at 345.38p

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