Friday broker round-up
25th Nov 2016 17:30
(ShareCast News) - Essentra: Jefferies keeps at buy with a target price of 445p. Rio Tinto: HBSC stays at buy 3300p target. Legal & General: Berenberg reiterates buy with a 301p target. Jardine Lloyd Thomson: HSBC reiterates buy with a 1100p target. Diageo: Credit Suisse keeps at outperform with
Read moreWednesday broker round-up
23rd Nov 2016 14:29
(ShareCast News) - Anglo American: UBS reiterates neutral with a target price of 950p. Lloyds: Macquarie reiterates outperform with a 65p target. Intertek: Barclays stays at equal-weight with a 3700p target. Barclays: HSBC reiterates buy with a 190p target. Homeserve: UBS maintains neutral with a
Read moreLondon close: Miners propel FTSE 100 higher as industrial metals surge
22nd Nov 2016 16:34
(ShareCast News) - London equities ended Tuesday on a sharply higher note with major miners storming ahead in tandem with soaring industrial metals prices, and followed by a string of banks and insurers. US interest rate-touch utilities were firmly higher, too. FTSE 100 closed the session up 0.62%
Read moreBroker tips: Mitie, Electrocomponents, Anglo American
16th Nov 2016 15:17
(ShareCast News) - RBC Capital Markets downgraded outsourcing company Mitie 'underperform' from 'sector perform' and cut the price target to 160p from 195p ahead of first-half results. "We already know H1 will not be good. However, the key question is whether the trading and outlook has improved. "
Read moreGoldman ups Anglo American to 'buy' from 'sell'
16th Nov 2016 08:36
(ShareCast News) - Goldman Sachs upgraded Anglo American to 'buy' from 'sell' and upped the price target to 1,400p from 400p. The bank said it might seem odd to upgrade the stock after its 280%+ year-to-date share price rise. However, it pointed to deleveraging, increased US pending and higher diam
Read moreMacquarie raises copper price forecasts, boosts target prices for miners
15th Nov 2016 12:15
(ShareCast News) - Analysts at Macquarie hiked their target prices for a raft of miners due to the "acute" sensitivity of the pure copper plays and the majors to the price of that metal. In a previous note, published on 11 November, the Australian broker had upped its 2017 to 2020 price forecasts fo
Read moreBroker tips: Bovis Homes, Aldermore, miners
10th Nov 2016 14:35
(ShareCast News) - Numis reiterated an 'add' rating and a target price of 939p on Bovis Homes on Thursday after the housebuilder reported a full year trading update. The company said it expects to deliver record revenues in 2016 as the backdrop for UK housebuilding continues to be positive, with dem
Read moreFTSE-listed miners boosted by HSBC note
10th Nov 2016 09:15
(ShareCast News) - Shares in Rio Tinto and Glencore gained on Thursday as HSBC initiated its coverage of the mining stocks with a 'buy' rating. HSBC said Rio's assets are positioned mainly in the developed world and hence less risky, while Glencore's are more evenly spread across the globe. BHP Bil
Read moreWednesday broker round-up
26th Oct 2016 17:40
(ShareCast News) - FirstGroup: Goldman Sachs keeps at buy with a target price of 168p. Esure: Berenberg stays at sell, 238p target. Anglo American: Deutsche Bank reiterates hold with a 965p target. Intertek: UBS reiterates buy with a 4100p target. Sainsbury: Goldman Sachs reiterates sell with a 1
Read moreFTSE 100 movers: Miners and oilers weigh while IAG climbs
26th Oct 2016 14:14
(ShareCast News) - Commodities stocks led the FTSE 100 lower on Wednesday after copper miner Antofagasta reported disappointing production numbers and full year guidance. The blue chip index was falling increasingly sharply as the day wore on, down 1.4% by mid afternoon, with Antofagasta's 6.
Read moreAnglo American pleases with production report
25th Oct 2016 08:47
(ShareCast News) - Anglo American delivered a third quarter production report showing increased diamond, nickel and iron ore output and lower copper in-line with expectations, with full-year guidance mostly reiterated. Chief executive Mark Cutifani said operational improvements across the port
Read moreSunday newspaper round-up: GDP, RBS, Anglo, William Hill, bank exit
23rd Oct 2016 15:02
(ShareCast News) - In the first official reading on how the whole UK economy has performed since the Brexit vote, the Office for National Statistics (ONS) is expected to say growth more than halved from 0.7% in the second quarter to 0.3% between July and September. According to economists polled by
Read moreAnglo American close to selling Aussie coal, wins claim to iron ore mine
13th Oct 2016 11:58
(ShareCast News) - While its Kumba iron ore subsidiary confirmed exclusive rights to the Sishen mine in South Africa, Anglo American was reported to be close to agreeing at least a $1bn sale of its Australian coal assets. The FTSE 100 company was said to be weeks away from finalising the sale to a c
Read moreWednesday broker round-up
12th Oct 2016 14:40
(ShareCast News) - Shire: Goldman Sachs keeps at buy with a target price of 6300p. Page Group: HSBC reiterates hold, 385p target. McCarthy & Stone: UBS keeps at sell with a 150p target. Arrow Global: Macquarie reiterates outperform with a 335p target. Electrocomponents: Citigroup keeps at neutral
Read moreBroker tips: Jupiter Fund, McCarthy & Stone, miners
11th Oct 2016 10:52
(ShareCast News) - Jupiter Fund Management got a boost on Tuesday as Barclays upgraded the stock to 'overweight' from 'equalweight' and lifted the price target to 525p from 420p to reflect a sector re-rating and earnings per share upgrades. The bank said Jupiter had "remarkably resilient" net inflow
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