Broker tips: Rightmove, Anglo American, AB Foods
7th Jul 2016 15:19
(ShareCast News) - Morgan Stanley cut its forecasts and price share targets by varying degrees for internet players Rightmove, Auto Trader and Zoopla, but saw a higher price for Just Eat. UK internet stocks are still benefitting from structural growth, the bank said in a note to clients, also offeri
Read moreFTSE 100 movers: ABF ascends above rebounding real estate and housebuilders
7th Jul 2016 14:18
(ShareCast News) - London's blue chip index was boosted by a bevvy of rebounding financials and property stocks, though they were topped by a surging rise from Associated British Foods. AB Foods danced more than 10% higher after it said the significant weaking of the pound since the Brexit vote had
Read moreAB Foods says sterling collapse after Brexit to boost earnings
7th Jul 2016 07:01
(ShareCast News) - Associated British Foods said the "significantly" weaker pound after last week's Brexit vote had improved the outlook for the current financial year and it no longer expect a decline in adjusted earnings per share. "In our next financial year, these rates would have both positive
Read moreTuesday broker round-up:
28th Jun 2016 16:16
(ShareCast News) - Just Eat: Goldman Sachs reiterates buy with a target price of 670p. G4S: Credit Suisse keeps at outperform with a 210p target. Bellway: Goldman Sachs keeps at neutral with a target price of 1715p. Northgate: Numis reiterates to buy with a target of 500p. Babcock: Credit Suisse
Read moreBroker tips: Ocado, G4S, AB Foods
28th Jun 2016 13:13
(ShareCast News) - Numis reiterated a 'buy' rating and target price of 400p on Ocado Group on Tuesday after the online grocer reported growth in first half revenue and earnings. The company posted a 5.7% increase in earnings before interest, tax, depreciation and amortisation (EBITDA) to £40.4m and
Read moreBerenberg upgrades AB Foods to 'buy'
28th Jun 2016 11:26
(ShareCast News) - Berenberg upgraded Primark owner Associated British Foods to 'buy' from 'hold' but cut the price target to 2,760p from 3,450p. The bank noted shares have dropped more than 30% in the last three months and 20% in the last month alone, providing an entry point. It argued that initi
Read moreGoldman takes down price targets on UK General Retailers
27th Jun 2016 12:49
(ShareCast News) - Goldman Sachs cuts its target prices on General Retailers in the UK on expectations for lower non-food retail spending in 2017, to reflect movements in foreign exchange rates and on the basis of a now higher estimated UK equity risk premium. Combined, those three factors drove an
Read moreBroker tips: ABF, Dixons Carphone, RSA Insurance
22nd Jun 2016 17:41
(ShareCast News) - Associated British Foods was under the cosh on Wednesday after Morgan Stanley cut its stance on the stock to 'equalweight' from 'overweight' and slashed the price target to 2,650p from 3,500p as it took a fresh look at Primark. The bank said that while Primark remains a great busi
Read moreMorgan Stanley downgrades AB Foods on Primark valuation
22nd Jun 2016 09:14
(ShareCast News) - Associated British Foods was under the cosh on Wednesday after Morgan Stanley cut its stance on the stock to 'equalweight' from 'overweight' and slashed the price target to 2,650p from 3,500p as it took a fresh look at Primark. The bank said that while Primark remains a great busi
Read moreITV, Wolseley are Liberum's top-picks in case of Bremain, Brexit
20th Jun 2016 09:25
(ShareCast News) - Depending on whether the UK finally decided to 'Remain' or 'Leave' then different London-listed securities were likelier to 'outperform' their respective sectors, Liberum said. The broker's 'top-picks' under a 'Remain', 'Leave' and 'Either way' scenario were, ITV, Wolseley and Bal
Read moreSunday share tips: Purplebricks, Associated British Foods, Angle
12th Jun 2016 13:28
(ShareCast News) - Purplebricks Group shares were a 'buy' in the Sunday Times' Inside the City column. Investing in this online estate agency might be a wild ride, with the shares trading for more than 40 times earnings, but some notable names are on the register since its IPO at the end of last yea
Read moreWednesday broker round-up
20th Apr 2016 15:54
(ShareCast News) - Zoopla: Exane BNP Paribas reiterates neutral with a target price of 270p and Canaccord upgrades to buy with a 330p target. Ashmore: Barclays stays at underweight with a 250p target, Societe Generale downgrades to hold with a target price of 295p and Exane BNP Paribas downgrades to
Read moreWednesday newspaper share tips: Ashmore Group, AB Foods
20th Apr 2016 13:17
(ShareCast News) - Argentines aren't the only ones with sturdy egos these days, emerging market bond fund managers also have a new-found spring in their step, the Financial Times's Lex column said. That follows strong debt issuance by emerging markets over the past year, which was up by 12% accordin
Read moreLondon pre-open: Stocks seen a little lower
19th Apr 2016 07:32
(ShareCast News) - London stocks were set for a slightly lower open on Tuesday as oil prices steadied following a rebound in the previous session. The FTSE 100 was expected to start 17 points lower than Monday's close at 6,336. "European markets look set for a mixed open on Tuesday with the FTSE 10
Read moreAB Foods preserves earnings as currency clouds part
19th Apr 2016 07:07
(ShareCast News) - First-half earnings from Associated British Foods were better than expected thanks to a long-awaited improvement in its sugar business, while its Primark clothing business endured a tough Christmas and was one of several parts of the business hit by currency movements. Revenues we
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