Friday 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
Read moreSector movers: Construction sector finds a bid, insurers off
17th Aug 2016 13:49
(ShareCast News) - Insurance stocks dragged on the London equity market after Admiral reported a drop in its so-called Solvency II coverage ratio at the half-year stage from 206% to 180%, courtesy of a large drop in interest rates which in turn boosted its liabilities, particularly in the case of it
Read moreAdmiral hoists dividend but solvency ratio sends 'worrying' signal
17th Aug 2016 07:54
(ShareCast News) - Insurer Admiral lifted its interim dividend by almost a quarter as the UK car and home insurance businesses cruised ahead, but profits were short of City forecasts and analysts angsted about a sharp drop in the Solvency II position in the half. With group turnover of £1.26bn in th
Read moreFTSE 100 movers: Property stocks rally, miners slide
20th Jul 2016 16:42
(ShareCast News) - The FTSE 100 gained 0.47% to 6,728.99 points at the close, buoyed by a rally in real estate and housebuilder stocks. Real estate investors and housebuilders, including Land Securities and Persimmon, a day after a report by the Centre for Economics and Business Research (Cebr) cons
Read moreBroker tips: Vodafone, Admiral, Henderson
20th Jul 2016 12:16
(ShareCast News) - Vodafone Group was given a boost on Wednesday after Deutsche Bank reiterated a 'buy' rating and lifted its target price to 310p from 300p. Ahead of Vodafone's first quarter interims on Friday, Deutsche Bank said the company continues on an "improving growth path" in Europe with bo
Read moreUBS upgrades Admiral Group to 'buy'
20th Jul 2016 09:58
(ShareCast News) - Admiral Group shares gained on Wednesday as UBS upgraded the stock to 'buy' from 'neutral' and raised the target price to 2,339p from 1,840p. UBS said it believes the motor insurance company's major growth drivers - International and Home businesses - are currently undervalued. Th
Read moreWednesday broker round-up
29th Jun 2016 18:09
(ShareCast News) - Petrofac: Jefferies upgrades to buy with a target price of 835p and Societe Generale stays at buy with a target price of 921p. Thomas Cook: JP Morgan keeps at neutral with a 101p target. Standard Life: HSBC keeps at buy with a target price of 360p and Barclays reiterates equal-we
Read moreLondon open: Housebuilders lead FTSE higher on Brexit confidence
22nd Jun 2016 08:41
(ShareCast News) - London stocks inched up on Wednesday morning as polls showed the EU referendum remained too close to call, though rallying housebuilding and financials stocks indicated investors were confident a Brexit will be avoided. The FTSE 100 was 0.09% higher at 6,232.19 just before 0900 BS
Read moreAdmiral names Mumsnet.com co-founder as director
17th Jun 2016 11:57
(ShareCast News) - Shares in insurance group Admiral are up almost 1% after it appointed Mumsnet co-founder and chief executive Justine Roberts to its board as an independent non-executive director. Mumsnet.com is UK's biggest online network for parents, having grown into a national brand with polit
Read moreCommercial insurers face more claims, slimmer margins from August - Fitch
14th Jun 2016 09:34
(ShareCast News) - Insurers are likely to face more more claims, more intense price competition and slimmer margins, Fitch Ratings said, due to changes to UK laws on disputing commercial insurance claims and timing of payments due to come into force in August and next year. Coming into force on 12 A
Read moreThursday broker round-up
9th Jun 2016 16:34
(ShareCast News) - Fevertree Drinks: Berenberg upgrades to buy with a target price of 810p. AO World: JP Morgan keeps at neutral with a 200p target. WH Smith: JP Morgan stays at overweight with a target price of 1850p. Lancashire Holdings: UBS keeps at neutral with a target of 610p. Admiral Group
Read more