Broker tips: AB Foods, Britvic, Purplebricks
13th Sep 2016 14:45
(ShareCast News) - Associated British Foods shares fell on Tuesday as Numis downgraded its rating on the stock to 'hold' from 'add' and cut its target price to 2,942p from 3,016p following a trading update from the Primark owner. The company on Monday said it predicted full year earnings to be sligh
Read moreAB Foods downgraded to 'hold' from 'add' by Numis
13th Sep 2016 11:04
(ShareCast News) - Associated British Foods shares fell on Tuesday as Numis downgraded its rating on the stock to 'hold' from 'add' and cut its target price to 2,942p from 3,016p following a trading update from the Primark owner. The company on Monday said it predicted full year earnings to be sli
Read moreSector movers: Banks and miners lead losses on interest rate doubts
12th Sep 2016 16:10
(ShareCast News) - Shares in banks and miners paced losses on the London market, the same as on the Continent, with shares in lenders finally joined in the broader market retreat in the face of rising expectations for rate hikes in the States. Acting as a backdrop, investors were waiting on what som
Read moreAB Foods upgrades earnings guidance but shares fall on pension deficit alarm
12th Sep 2016 07:04
(ShareCast News) - Associated British Foods said it expected full year earnings to be slightly ahead of last year's, although like-for-sales at Primark are expected to have deteriorated and news of a sizeable pension deficit set off alarm bells with investors. A previous small pension surplus has in
Read moreWednesday broker round-up
31st Aug 2016 16:34
(ShareCast News) - Halma: Jefferies reiterates buy with a target price of 1210p. G4S: UBS maintains buy with a 260p target. Bunzl: Barclays reiterates equal-weight with a 2450p target. Carclo: Finncap reiterates hold with a 150p target. Associated British Foods: Berenberg downgrades to hold with
Read moreBroker tips: Restaurant Group, AB Foods, Petrofac
31st Aug 2016 10:48
(ShareCast News) - Restaurant Group shares fell on Wednesday as Citigroup downgraded its stance on the stock to 'sell' from 'neutral' and cut the price target to 320p from 350p. The bank said that while there may be valuation support on a sum-of-the-parts basis, the company still faces significant t
Read moreBerenberg cuts rating on AB Foods to 'hold'
31st Aug 2016 09:08
(ShareCast News) - Berenberg downgraded its rating on Associated British Foods to 'hold' from 'buy' but lifted its target price to 3,000p from 2,760p on Wednesday. The broker said AB Foods shares are up 25% since hitting a post-Brexit vote low of 2,350 on 27 June when Berenberg upgraded the stock to
Read moreSector movers: Banks and insurers pace gains, Evraz and miners drag
30th Aug 2016 22:07
(ShareCast News) - Cyclicals drove gains on the FTSE indices as trading resumed after the Bank holiday, although it was food producers which did best, with an upgrade out of RBC giving shares in Associated British Foods a boost. The broker upgraded its recommendation on stock in the owner of Primark
Read moreBroker tips: Smiths Group, AB Foods, Micro Focus
30th Aug 2016 13:10
(ShareCast News) - Smiths Group's shares gained on Tuesday as JP Morgan Cazenove reiterated an 'overweight' rating and lifted the price target to 1,585p from 1,300p. JP Morgan said the technology company's 2016 financial year ended on a "very positive note", with the trading update on 9 August indic
Read moreRBC ups AB Foods, downgrades Sports Direct and Debenhams
30th Aug 2016 09:52
(ShareCast News) - RBC Capital Markets upgraded Associated British Foods, but downgraded Debenhams and Sports Direct as it took a look at the European general retail sector. "The general retail sector has bounced back from a post-Brexit selloff. However, we still see opportunities to buy stocks like
Read moreNewspaper round-up: More Brexit worries, pension schemes, BT, sugar tax
16th Aug 2016 07:01
(ShareCast News) - The pound dropped close to its lowest levels since the Brexit vote as markets braced themselves for hard evidence this week that the UK economy has been knocked off course by the decision to leave the EU. Sterling dropped half a per cent to $1.2874 against the dollar, dipping to i
Read moreWednesday round-up
3rd Aug 2016 12:13
(ShareCast News) - Laird: UBS upgrades to buy with a target price of 350p. Direct Line Group: Deutsche Bank maintains buy with a 435p target. Associated British Foods: Exane BNP Paribas reiterates outperform with a 3300p target. Sky: Goldman Sachs reiterates buy with a target price of 1029p. Fres
Read moreDeutsche Bank sees scope for ABF to increase dividend payout ratio
1st Aug 2016 11:51
(ShareCast News) - Deutsche Bank bumped up its recommendation and target price on shares of Associated British Foods. The near-term outlook for the company was "positive", analysts Warwick Okines, Jaina Mistry and Charlie Muir-Sand said in a resaerch note sent to clients after the close of trading i
Read moreCredit Suisse reviews equity strategy after Brexit vote
13th Jul 2016 09:37
(ShareCast News) - Credit Suisse has made a series of post-Brexit changes in its latest global equity strategy note. The Swiss bank, which has been underweight domestic UK since last September, upgraded non-London housebuilders to 'benchmark' from 'underweight', saying the house price to wage ratio
Read moreLondon close: Banks, financials and property fly amid BoE rate-cut chatter
7th Jul 2016 16:38
(ShareCast News) - UK shares flew north with Associated British Foods leading blue chips on a chipper update and chased by a peloton of banking, financial and property stocks on rising expectations of a Bank of England rate-cut next week. "Today marks the first day since the (non-binding Brexit) ref
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