Ashtead Group announces record annual profits
20th Jun 2013 07:24
Equipment rental company Ashtead Group reported a record year of pre-tax profit, bolstered by revenue growth, operational efficiency and lower financing costs. Pre-tax profit for the year to end of April was £50.3m, up 65% from the previous year's £31.9m. Revenue grew 20% to £1.3bn from £1.1bn, dr
Read moreThursday preview: Ashtead Group unveils annual results
19th Jun 2013 13:46
Equipment rental group Ashtead Group will release fourth-quarter and full-year results on Thursday. Investec expects the company to benefit from an improvement in the US construction sector and last week lifted its earnings per share forecast to 32.5p from a previous 30.5p. The broker predicts rev
Read moreMonday broker round-up UPDATE
3rd Jun 2013 07:22
Anglo Pacific Group: Finncap cuts target price from 320p to 279p staying with its buy recommendation. Ashtead Group: Citi takes target price from 660p to 750p and maintains a buy recommendation. Centrica: Berenberg ups target price from 370p to 380p keeping a hold recommendation. Coal of Afica: I
Read moreLondon pre-open: Stocks to edge lower in early trade
13th May 2013 07:32
City sources predict the FTSE 100 will open down four points from Friday's close of 6,625, following the weekend's meeting of the G7 in the UK. In all it appears the leaders from the seven countries agreed it was wise to allow the Japanese yen continue on its path lower. On today's agenda, econo
Read moreAshtead Group buys specialist rental firm
13th May 2013 07:01
Ashtead Group has acquired Accession, a UK specialist rental provider of temporary access solutions and traffic management to the events and industrial sectors. The business was bought for £28m in cash, with a further £7.0m to be paid if Accesion's profits hit a certain target in the year to March
Read moreWednesday broker round-up UPDATE
17th Apr 2013 07:20
African Barrick Gold: Deutsche Bank cuts target price from 230p to 173p, while its hold recommendation is reiterated. Ashmore Group: Morgan Stanley raises target price from 395p to 444p and maintains an equal-weight rating. Ashtead Group: Jefferies increases target price from 615p to 690o and reit
Read moreFriday broker round-up UPDATE
5th Apr 2013 08:33
Aberdeen Asset Management: Jefferies moves target price from 400p to 420p keeping a hold recommendation. Aggreko: Investec reduces target price from 2065p to 1900p downgrading from buy to add. APR Energy: Investec takes target price from 650p to 900p retaining a hold recommendation. ARM Holdings:
Read morePrudential Chairman keeps the faith
3rd Apr 2013 16:05
Paul Manduca, the Chairman of Prudential, the FTSE 100 life insurance company, this week showed his faith in the company with the purchase of 20,000 shares following a hefty fine levied by the Financial Services Authority (FSA) at the end of March. Manduca, who became Chairman in July of last year
Read moreFTSE 250 movers: Supergroup rises on on Investec note
3rd Apr 2013 15:38
Supergroup shares were boosted by Investec, which initated its coverage of the stock with a target price of 843p and a buy recommendation. Pennon Group was rising on news that Abu Dhabi Investment Authority is reportedly considering a bid for the company's South West Water. Ashtead Group got a b
Read moreBroker snap: Credit Suisse raises earnings forecast for Ashtead
3rd Apr 2013 11:37
Ashtead Group's shares climbed Wednesday as Credit Suisse lifted its earnings forecast for the equipment rental company. The broker raised its April 2014 earnings per share estimate by 20% to 40.3p and target price to 850p from 545p on the back of the company's positive full-year profit outlook and
Read moreWednesday broker round-up UPDATE
3rd Apr 2013 08:41
Aggreko: Credit Suisse takes target price from 1850p to 2000p staying with its neutral rating. Andor Technology: Investec ups target price from 500p to 525p reiterating a buy recommendation. AngloAmerican: Credit Suisse cuts target price from 2100p to 1900p and reiterates a neutral rating. Antofa
Read moreWednesday broker round-up UPDATE
27th Mar 2013 08:52
Amara Mining: Westhouse Securities lowers target price from 124p to 110p, while reiterating a buy recommendation. Ashtead: Canaccord Genuity ups target price to 170p and keeps a buy recommendation. Bellway: Deutsche Bank revises target price from 1381p to 1395p and reiterates a hold recommendation
Read moreThursday broker round-up UPDATE
14th Mar 2013 07:11
Amara Mining: After having been under review, Cantor Fitzgerald reinitiates coverage with a price target of 81p and a buy recommendation. Antofagasta: Citigroup shifts target price from 990p to 1000p, but retains its sell recommendation. Ashtead Group: Investec raises target price from 475p to 700
Read moreBroker tips: Sage, Anite, Ashtead
11th Mar 2013 11:10
Accountancy software giant Sage suffered a steep fall on Monday after Bank of America Merrill Lynch downgraded its rating for the stock from 'neutral' to 'underperform'. The broker said in a research note that investors should remain cautious as to whether Sage can pull off its move to cloud comput
Read moreBroker snap: Cantor upbeat about Ashtead on US optimism
11th Mar 2013 11:07
Cantor Fitzgerald reiterated its 'buy' recommendation and 650p target price for construction firm Ashtead after recent forecast-beating jobs data from the US. "Friday's US non-farm payrolls provided further evidence that US construction markets are improving," said analyst Caroline de La Soujeole.
Read more