Esure in 'advanced' talks with Bain Capital about 280p a share offer
13th Aug 2018 11:23
(Sharecast News) - Esure confirmed on Monday that it has received an unsolicited proposal from private equity firm Bain Capital at 280p per share in cash.
Read moreTuesday broker round-up
31st Jan 2017 08:55
(ShareCast News) - Whitbread: HSBC reiterates Buy with a target price of 4800p Ashmore Group: Goldman Sachs reiterates Buy with a target price of 370p. Vodafone: JPMorgan reiterates Overweight with a target price of 193p. Ferrexpo: JPMorgan upgrades to Overweight with a target price of 205p. Virg
Read moreAdmiral chairman Lyons jumps ship after 16 years amid industry uncertainty
25th Jan 2017 15:34
(ShareCast News) - After more than a decade and a half in the role, Admiral Group chairman Alastair Lyons has stepped down from the role as the industry enters an uncertain period. Lyons, who started in June 2000 and led the Cardiff-headquartered insurer through a management buy-out and an initial
Read moreFacebook blocks Admiral's latest car insurance product
2nd Nov 2016 12:13
(ShareCast News) - Admiral's launch of a new app for first-time car owners has been postponed after Facebook blocked the insurer from sifting through the profiles of some of its users to determine what kind of driver they would be as this would breach its usage policy. With its 'firstcarquote' app,
Read moreFriday broker round-up
16th Sep 2016 10:54
(ShareCast News) - Admiral Group: Berenberg reiterates hold with a target price of 1804p. Vodafone: Barclays reiterates overweight, 260p target. Next: HSBC keeps at hold with a 4485p target. Asos: JP Morgan reiterates overweight with a 5400p target. Moneysupermarket: RBC stays at outperform with
Read moreSector movers: Grocers and non-life insurers lead gains
15th Sep 2016 14:11
(ShareCast News) - Grocers and non-life insurance paced advances, with Morrisons buoying the former after posting what analysts described as an "encouraging" set of interims. Wm Morrison saw like-for-like sales excluding fuel and VAT increase by 1.4% during the first six months of the year, driving
Read moreThursday broker round-up
8th Sep 2016 14:03
(ShareCast News) - Tesco: JP Morgan reiterates underweight with a target price of 135p. G4S: Jefferies maintains underperform with a 160p target. Severn Trent: UBS keeps at neutral with a 2310p target. ITV: JP Morgan reiterates overweight with a 233p target. Babcock: Goldman Sachs keeps at buy wi
Read moreHSBC upgrades RSA, downgrades Hastings
8th Sep 2016 09:57
(ShareCast News) - HSBC upgraded RSA Insurance to 'buy' from 'hold' and raised the price target to 595p from 520p despite the strong share price performance. The bank noted RSA shares are up 19% year-to-date, outperforming the FTSE 100 index and the DJ Stoxx Insurance index by 9% and 36%, respective
Read moreAdmiral is not a post-Brexit safe-haven stock - Macquarie Research
22nd Aug 2016 15:34
(ShareCast News) - Macquarie Research disagrees with the market view that insurer Admiral is a post-Brexit referendum safe-haven stock, and is in fact a seller of the equity. "Admiral is negatively exposed to the flattening yield curve (due to the long duration of the Periodic Payment Order liabilit
Read moreMonday broker round-up
22nd Aug 2016 09:09
(ShareCast News) - William Hill: Barclays reiterates overweight with a target price of 340p. Anglo American: JP Morgan maintains overweight with a 1100p target. Rio Tinto: Macquarie reiterates outperform with a 2900p target. Admiral Group: Berenberg reiterates underweight with a 1746p target. Eas
Read moreFriday broker round-up
19th Aug 2016 12:07
(ShareCast News) - GKN: Goldman Sachs reiterates neutral with a target price of 311p. Admiral group: Canaccord maintains hold with a 2100p target. Standard Chartered: UBS reiterates sell with a 600p target. Intertek: Berenberg reiterates hold with a 3600p target. Kaz Minerals: Credit Suisse keeps
Read moreThursday newspaper share tips: Balfour Beatty, Admiral
18th Aug 2016 17:39
(ShareCast News) - Things are looking up for Balfour Beatty but it's too soon to put up the bunting just yet, the Financial Times's Lex column said. Following a protracted drop in the shares after the acquisition spree which the company embarked upon in 2010, under its new management a real turna
Read moreBroker tips: Admiral Group, William Hill, Laird
18th Aug 2016 11:58
(ShareCast News) - Motor insurance company Admiral Group looks overvalued compared to peers, RBC Capital Markets said on Thursday as it reiterated an 'underperform' rating and cut its target price to 1,600p from 1,625p. RBC reduced its profit before tax estimates for fiscal years 2017-18 by 8% on av
Read moreRBC reiterates 'underperform' on Admiral Group
18th Aug 2016 10:57
(ShareCast News) - Motor insurance company Admiral Group looks overvalued compared to peers, RBC Capital Markets said on Thursday as it reiterated an 'underperform' rating and cut its target price to 1,600p from 1,625p. RBC reduced its profit before tax estimates for fiscal years 2017-18 by 8% on av
Read moreThursday broker round-up
18th Aug 2016 09:43
(ShareCast News) - Admiral Group: RBC reiterates underperform with a target price of 1600p. Laird: Berenberg maintains sell with a 230p target. BGEO Group: UBS reiterates neutral with a 2960p target. ICAP: Exane BNP Paribas upgrades to outperform with a 510p target. Poundland: Credit Suisse keeps
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