Friday 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 moreAshtead hoists final dividend and plans buyback as profit margins surge
14th Jun 2016 07:11
(ShareCast News) - After a strong fourth quarter where profit margins grew to record levels, Ashtead has announced a bumper dividend and a £200m share buyback. The construction equipment rental group proposed hoisting the final dividend to 18.5p, meaning the total payment of 22.5p will be up 48% on
Read moreLondon pre-open: Stocks seen a little lower amid growth, Brexit concerns
14th Jun 2016 07:01
(ShareCast News) - London stocks were seen opening a little lower on Tuesday amid ongoing concerns about global growth and the possibility the UK might vote to leave the EU in next week's referendum. Investors were also likely to be cautious ahead of rate announcements from the FOMC and the Bank of
Read moreFTSE 100 movers: Taylor Wimpey and Ashtead lead gains
17th May 2016 13:57
(ShareCast News) - The FTSE 100 was in positive territory on Tuesday afternoon, as a mixture of encouraging results and analyst optimism looked like extending the index's winning streak to a third day. Housebuilder Taylor Wimpey topped the leaderboard after it unveiled a significant upgrade to its m
Read moreAshtead jumps on double upgrade from BofA Merrill
25th Apr 2016 10:53
(ShareCast News) - Equipment rental firm Ashtead got a lift on Monday after a double upgrade from Bank of America Merrill Lynch. The bank upped its stance on the stock to 'buy' from 'underperform' and boosted the target price to 1,100p from 800p, pointing to an improved outlook for the company's mar
Read moreFTSE 100 movers: Mining bears outweigh construction bulls
22nd Apr 2016 13:54
(ShareCast News) - London's blue chips were on the back foot as the week came to a close, weighed down as the miners continued to lose ground for a second session and despite oil prices launching a new move higher. After the European Central Bank's tough-talking stance on Thursday, miners were being
Read moreAshtead sees FY at top end of expectations
21st Apr 2016 07:47
(ShareCast News) - Ashtead Group said it had continued to perform well in the fourth quarter of the current financial year and expected full year results to be towards the top of the range of current analyst expectations. In a statement ahead of a seminar with analysts and investors, the equipment r
Read moreTuesday broker round-up
12th Apr 2016 19:38
(ShareCast News) - Vesuvius: Jefferies downgrades to sell with a target price of 255p. Ashtead: HSBC downgrades to hold with a target price of 970p. Cairn Energy: Canaccord reiterates hold with a target price of 215p. Just Eat: JP Morgan keeps at outperform with a target of 775p. Vedanta: Jefferi
Read moreHSBC downgrades Ashtead on equipment age calculation quirk
12th Apr 2016 10:30
(ShareCast News) - HSBC has downgraded Ashtead to 'hold' from 'buy' after a reappraisal of the equipment hire group's growth prospects. The FTSE 100 company's recent share price weakness has been thought to provide a strong buying opportunity, coupled with a structural growth opportunity in equipmen
Read moreFTSE 100 movers: Anglo American up on mine sale, Mondi shunned
4th Apr 2016 14:08
(ShareCast News) - The FTSE 100 remained just above the waterline in afternoon trading, though it had pared back gains it made in the morning as investors digested fresh data showing continued expansion in UK construction activity in March. Miner Anglo American was one of the leading risers after it
Read moreFTSE 100 movers: Aviva leads as it beats expectations
10th Mar 2016 14:39
(ShareCast News) - The FTSE 100 was trading in the red on Thursday afternoon, as the markets were left to digest surprise stimulus moves from the European Central Bank. Aviva was leading the risers, after it beat forecasts with a 20% operating profit increase. The insurer also reported a solvency ca
Read moreWednesday broker round-up
9th Mar 2016 16:26
(ShareCast News) - Worldpay: Jefferies reiterates buy with a target price of 340p and Goldman Sachs keeps at buy with a target price of 400p. Burberry: HSBC downgrades to hold, 1500p target. Croda International: Goldman Sachs downgrades to neutral with a target price of 3300p. Ashtead: Credit Suis
Read moreAshtead slumps on Credit Suisse downgrade
9th Mar 2016 08:49
(ShareCast News) - Equipment rentals firm Ashtead was under pressure after Credit Suisse downgraded the stock to 'underperform' from 'outperform' and slashed the price target to 770p from 1,300p. The bank said that after taking a differentiated, in-depth look at the broader US construction equipment
Read moreWednesday newspaper share tips: LSE, Ashtead
2nd Mar 2016 17:28
(ShareCast News) - There is a high probability that Deutsche Boerse's rivals will try and crash its proposed tie-up with the London Stock Exchange, the Financial Times's Lex column said. On 1 March, ICE already said it would do just that and the industrial logic between the two deals was similarly "
Read moreAshtead's CEO buys £248k in shares after strong third quarter
1st Mar 2016 17:25
(ShareCast News) - Ashtead's chief executive Geoffrey Drabble bought £248,130 worth of shares after the company reported a strong third quarter. Drabble purchased 30,862 shares at 804p each. Senior independent director Ian Sutcliffe also increased his stake, buying 12,250 shares at 810p each at a t
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