Wednesday broker round-up UPDATE
11th Dec 2013 08:35
Afren: Goldman Sachs lowers target price from 280p to 270p, while leaving its strong buy recommendation unaltered. Canaccord Genuity takes target price from 190p to 205p and keeps a buy recommendation. Alternative Networks: Westhouse Securities upgrades from neutral to add with a target price of 44
Read moreTuesday broker round-up UPDATE
10th Dec 2013 09:43
Amlin: Westhouse Securities moves target price from 470p to 480p and reiterates an add rating. Antofagasta: Credit Suisse reduces target price from 900p to 750p, while upgrading to neutral. UBS cuts target price from 845p to 765p retaining its neutral rating. Ashley House: WH Ireland moves target
Read moreSunbelt in US drives Ashtead ahead in first half
10th Dec 2013 08:24
- H1 PBT up 49 per cent - Sunbelt in US is main driver - FY guidance towards upper end of expectations Continued powerful growth from the US building sector drove record first-half results at equipment rental group Ashtead. The FTSE 250 group grew pre-tax profits 49% to £212m in constant currencie
Read moreTuesday preview: Guidance from TUI may please
9th Dec 2013 16:00
Investors will wake up on Tuesday to find their screens covered with a barrage of alerts regarding the latest batch of macroeconomic data out overnight in the People´s Republic China. Said reports will include the latest readings on industrial production, fixed asset investment and new bank loans.
Read moreTuesday broker round-up UPDATE
3rd Dec 2013 09:10
Arrow Global: Numis starts with a target price of 270p and an add rating. Antofagasta: UBS shaves target price from 870p to 845p, 'neutral' rating maintained. Aquarius Platinum: UBS cuts target price from 44p to 43p, 'neutral' rating kept. Ashtead Group: Citi raises target price from 750p to 800p
Read moreThursday broker round-up UPDATE
21st Nov 2013 09:14
Aggreko: Liberum Capital initiates with a target price of 1500p and a hold recommendation. Antofagasta: UBS reduces target price from 965p to 870p and downgrades from buy to neutral. APR Energy: Liberum Capital starts with a target price of 890p and a sell recommendation. Ashtead Group: Liberum C
Read moreBroker tips: Petrofac, AMEC, Ashtead
15th Oct 2013 12:41
Citigroup has labelled Petrofac as one of its most preferred stocks among oil services names in the UK ahead of the sector's third-quarter reporting season. Citi said that Petrofac is exposed to defensive energy investments, such as the Middle East, the Commonwealth of Independent States and Integr
Read moreBroker snap: JPMorgan upgrades Ashtead after recent falls
15th Oct 2013 12:21
Equipment rental firm Ashtead was making gains after JPMorgan Cazenove upgraded its rating for the stock from 'neutral' to 'overweight', saying that recent falls in the share price have been overdone. As of Monday's closing price, the stock had fallen by around 15% since hitting its all-time peak i
Read moreLondon midday: Markets jump on signs of progress on Capitol Hill
15th Oct 2013 11:33
Progress on Capitol Hill pushed the UK market to its highest level in three weeks on Tuesday morning as investors showed optimism that lawmakers can strike a deal to avert a dreaded default. The FTSE 100 in London was trading up 0.7% at around 6,560 this morning; the last time it has closed higher
Read moreLondon open: Stocks rise on hopes of US debt ceiling deal
15th Oct 2013 08:19
UK stocks jumped in early trading on Tuesday as investors showed optimism that US politicians can avert a default by agreeing to raise the debt ceiling. The FTSE 100 in London was trading up 0.6% at around 6,550 this morning; the last time it has closed higher was on September 26th when it finished
Read moreThursday broker round-up UPDATE
10th Oct 2013 08:36
Ashmore Group: Canaccord Genuity takes target price from 380p to 400p and retains a hold recommendation. Numis shifts target price from 380p to 390p reiterating its hold recommendation. Ashtead Group: Numis upgrades to add with a target price of 670p. Berkeley Group: Panmure Gordon moves target pr
Read moreThursday broker round-up UPDATE
5th Sep 2013 08:03
AMEC: Nomura reduces target price from 1300p to 1230p, while reiterating its buy recommendation. Antofagasta: Exane cuts target price from 1200p to 1100p maintaining an outperform rating. Ashtead Group: JP Morgan shifts target price from 729p to 734p and keeps a neutral rating. Associated British
Read moreThursday tips round-up: Ashtead Group, Hargreaves Lansdown
5th Sep 2013 07:29
When a company's share price has risen by 60 per cent over the last year approximately analysts will instinctively look for reasons to justify taking profits. So it is with plant hire specialist Ashtead Group. Its first quarter figures were simply shoot-out-the-lights. However, it did also supply tw
Read moreLondon close: Stocks higher after late rally ahead of risk events
4th Sep 2013 16:37
The FTSE 100 managed to rally in afternoon trade on Wednesday to finish in positive territory after a strong start on Wall Street, though gains were only modest ahead of several key 'risk events' which have the potential to spark market volatility. It is set to be a busy end to the week with centra
Read moreFTSE 250 movers: Kenmare Resources, St. Modwen Properties
4th Sep 2013 14:26
Kenmare Resources gained after Goldman Sachs lifted its rating to 'conviction buy' from 'buy'. St. Modwen Properties rallied after JP Morgan reiterated an 'overweight' rating for the company's stocks. Thomas Cook Group fell along with airline and travel stocks after Ryanair issued a profits warnin
Read more