Ashtead Group lifts guidance as Q1 revenues gain from weak sterling
7th Sep 2016 07:15
(ShareCast News) - Industrial equipment rental company Ashtead Group's revenue increased as it benefited from weak sterling in the first quarter, with management saying it expected full year results to be ahead of expectations. For the first quarter ended 31 July, total rental revenues grew 12% in g
Read moreThursday broker round-up
1st Sep 2016 18:52
(ShareCast News) - Virgin Money: Berenberg reiterates hold with a target price of 300p. Alumasc Group: Peel Hunt maintains buy with a 210p target. Morrisons: Goldman Sachs downgrades to sell with a 175p target. Diageo: HSBC reiterates hold with a 2350p target. Lavendon: Berenberg keeps at buy wit
Read moreSector movers: Banks and insurers pace gains, Evraz and miners drag
30th Aug 2016 22:07
(ShareCast News) - Cyclicals drove gains on the FTSE indices as trading resumed after the Bank holiday, although it was food producers which did best, with an upgrade out of RBC giving shares in Associated British Foods a boost. The broker upgraded its recommendation on stock in the owner of Primark
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 moreAshtead climbs on back of rival United Rentals' confident outlook
21st Jul 2016 09:18
(ShareCast News) - Shares in Ashtead topped the FTSE 100 on Thursday morning as investors read across from the results of US-based sector peer United Rentals, which reported slightly improved quarterly results overnight. With Ashtead's US-focused Sunbelt providing the bulk of group sales, it was
Read moreSector movers: Support services firms get boost from UBS
15th Jul 2016 17:37
(ShareCast News) - The Footsie closed higher for a fourth consecutive week for a cumulative 5% gain since the EU referendum vote, albeit wih defensive issues pacing gains in the form of advances for tobacco and pharmaceuticals. "More defensive sectors have led the way, showing that safety and yield
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 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
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