FTSE 250 movers: African Barrick climbs on rating upgrade

11th Apr 2014 15:31

African Barrick Gold rose after Numis raised its target price from 170p to 260p and upgraded the miner from 'sell' to 'hold'.Drax also climbed following Deutsche Bank's decision to reiterate its 'buy' rating on the stock.Technology group Pace and biotech-focused Worldwide Healthcare Trust were lower as the wider sector and related stocks fell sharply on the back of the tech-heavy Nasdaq sell-off in the US on Thursday evening. Fund manager Jupiter was lower after it failed to impress with a small increase in assets under management (AuM) during its first quarter, with net inflows totalling over half a billion pounds. AuM rose to £32.21bn in the three months to March 31st, up nearly 2% from £31.66bn at the start of the year.Numis Securities weighed on the share price of stationery and books retailer WH Smith after cutting its recommendation from 'add' to 'hold'.FTSE 250 - RisersITE Group (ITE) 206.90p +2.94%Genus (GNS) 950.50p +1.12%Phoenix Group Holdings (DI) (PHNX) 643.50p +1.02%Croda International (CRDA) 2,571.00p +0.78%KCOM Group (KCOM) 100.20p +0.70%African Barrick Gold (ABG) 259.70p +0.62%Drax Group (DRX) 740.00p +0.61%Dunelm Group (DNLM) 1,007.00p +0.60%Jardine Lloyd Thompson Group (JLT) 1,060.00p +0.47%Euromoney Institutional Investor (ERM) 1,202.00p +0.33%FTSE 250 - FallersPace (PIC) 401.40p -7.85%IP Group (IPO) 196.80p -6.51%Worldwide Healthcare Trust (WWH) 1,200.00p -5.66%Workspace Group (WKP) 574.00p -5.28%Jupiter Fund Management (JUP) 383.70p -5.24%Imagination Technologies Group (IMG) 201.30p -5.09%CSR (CSR) 648.00p -4.92%Intermediate Capital Group (ICP) 438.30p -4.86%Perform Group (PER) 238.10p -4.84%RPS Group (RPS) 305.60p -4.80%NR