Wednesday broker round-up
8th Feb 2017 11:50
(ShareCast News) - RBS: Deutsche Bank upgrades to hold with a target price of 220p. DCC: JP Morgan reiterates overweight, 8160p target. Rolls Royce: JP Morgan reiterates neutral with a 740p target. Ascential: Deutsche Bank stays at buy with a 300p target. Aberdeen Asset Management: RBC upgrades t
Read moreAberdeen Asset Management boosted by RBC Capital upgrade
8th Feb 2017 09:26
(ShareCast News) - RBC Capital Markets has upgraded Aberdeen Asset Management to 'sector perform' from 'underperform' but trimmed the target price to 285p from 290p. The bank said the risk in the near term is to the upside based upon an oversold share price, a reasonable valuation, a high dividend y
Read moreFTSE 250 movers: Gold miners shine; Wizz Air flies lower
2nd Feb 2017 14:31
(ShareCast News) - The FTSE 250 index rose 0.13% to 18,264.17 in the late afternoon. Financial services firm JRP Group was in the green as it reported that its margin for 2016 will exceed 6%, up from 3.6% on a pro-forma basis from the previous year, due to pricing and risk selection, as well as on m
Read moreAberdeen endures first-quarter outflows as Trump spooks EM investors
2nd Feb 2017 08:21
(ShareCast News) - Donald Trump's election win derailed a solid start to Aberdeen Asset Management's financial year, leading to £10.5bn of outflows from its emerging markets-focused funds as investors moved into less volatile assets. Offset somewhat by £3.3bn improvement in market performance and
Read moreTuesday broker round-up
13th Dec 2016 13:12
(ShareCast News) - British Land: Barclays reiterates overweight with a target price of 740p. GlaxoSmithKline: UBS reiterates neutral, 1600p target. Reckitt Benckiser: Jefferies reiterates buy with a 7750p target. GB Group: Berenberg reiterates buy with a 340p target. Great Portland Estates: Barcl
Read moreAberdeen's emerging market recovery likely to stall, Merrill warns
29th Nov 2016 11:35
(ShareCast News) - Although this week's results were better than expected, Bank of America Merrill Lynch downgraded Aberdeen Asset Management to a 'neutral' rating as it thinks the flow of investor money into the company's emerging markets sweetspot is likely to stall. Aberdeen had highlighted an im
Read moreAberdeen AM maintains dividend despite increased outflows
28th Nov 2016 07:19
(ShareCast News) - Annual profits fell by more than a quarter at Aberdeen Asset Management as its funds under management were hit by almost £33bn of outflows, which have continued in the new financial year but have begun to improve. With net revenue down 14% to £1.0bn in the year to 30 September, un
Read moreUK asset managers breath sigh of relief after 'benign' FCA probe
18th Nov 2016 07:46
(ShareCast News) - The financial watchdog is planning a tougher clampdown on UK asset management companies as it feels the sector has enjoyed big profits for many year by not competing very hard on prices and fees, though analysts said the industry will breathe a sigh of relief at the lack of bite f
Read moreEmerging market-focused stocks battered
11th Nov 2016 16:45
(ShareCast News) - Financials with exposure to emerging markets, such as StanChart, Aberdeen Asset Management and Ashmore Group were near the bottom of the pile, amid worries of capital outflows from emerging markets as US interest rates climbed higher, in part on the prospect for increased fiscal s
Read moreJupiter Fund boosted by Barclays upgrade
11th Oct 2016 10:39
(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
Read moreDirectors dealings: Aberdeen's innovation chief picks up shares
27th Sep 2016 16:02
(ShareCast News) - Aberdeen Asset Management's non-executive director Julie Chakraverty picked up shares in the fund manager two weeks after the Financial Conduct Authority told the firm it must boost it regulatory capital from £335m to £475m. Chakraverty, who chairs Aberdeen's innovation committee
Read moreFCA lifts capital requirement for Aberdeen Asset Management
12th Sep 2016 07:03
(ShareCast News) - The Financial Conduct Authority hiked the minimum amount of regulatory capital required of Aberdeen Asset Management, in effect raising its total regulatory requirement to roughly £475m. Following the FCA´s periodic review, the regulator decided to eliminate the benefit of insuran
Read moreTuesday broker round-up
30th Aug 2016 09:24
(ShareCast News) - Glencore: Jefferies reiterates hold with a target price of 180p. British American Tobacco: UBS maintains buy with a 5300p target. Smiths Group: Barclays reiterates overweight with a 1300p target. South 32: Exane BNP Paribas reiterates outperform with a 130p target. Diageo: Bere
Read moreAberdeen posts rise in assets under management
25th Jul 2016 07:36
(ShareCast News) - FTSE 250 fund manager Aberdeen Asset Management reported a rise in third-quarter assets under management on Monday. For the nine months ended 30 June, assets under management came in at £301.4bn compared to £292.8bn at 31 March. The company said it experienced net outflows of £8.
Read moreFriday broker round-up
15th Jul 2016 15:00
(ShareCast News) - Ashmore: Goldman Sachs upgrades to buy with a target price of 420p and JP Morgan reiterates underweight with a 250p target. G4S: UBS keeps at buy with a 240p target. Essentra: Jefferies reiterates buy with a 715p target. Playtech: UBS stays at buy with a 1000p target. Aberdeen:
Read more