Week ahead: Whitbread, Ashtead
7th Dec 2012 18:38
The resolution - or not - of the US fiscal cliff continues to be the fulcrum for the markets' daily gyrations. In this regard, Kathleen Brooks, Director of Research at Forex.com, writes that political deadlock in Washington may start to spook the market as we get closer to the fiscal cliff that the
Read moreTuesday broker round-up UPDATE
4th Dec 2012 07:35
Anite: Panmure Gordon moves target price from 163p to 165p; buy recommendation kept. Canaccord Genuity raises target price from 143p to 169p and maintains a buy recommendation. Ashtead: Seymour Pierce raises target price from 400p to 460p and reiterates its buy recommendation. Barclays: Credit Sui
Read moreMonday broker round-up UPDATE
3rd Dec 2012 07:16
ARM Holdings: Exane BNP Paribas upgrades from neutral to buy. Ashtead Group: Bank of America starts with a target price of 460p and a buy recommendation. AstraZaneca: Berenberg raises target price from 3080p to 3100p; hold recommendation kept. Balfour Beatty: Investec reduces target price from 21
Read moreDebenhams CEO tops up stake with 100,000 shares
25th Oct 2012 16:02
Michael Sharp, the Chief Executive Officer of department store chain Debenhams, has added 100,000 shares to his stake in the company on the same day it posted a 2.3 per cent rise in like-for-like sales during a year of 'challenging trading conditions'. The transaction saw Sharp buy the shares at 1
Read moreTravis Perkins Finance Director continues to reduce stake ahead of retirement
19th Oct 2012 16:42
Paul Hampden Smith, who has been the Finance Director at Travis Perkins since 1996, has reduced his stake in the building materials supplier following the announcement of his retirement plans last Friday. The sales, which were announced after the close on Friday, were made between October 16th and
Read moreThursday broker round-up - UPDATE
18th Oct 2012 09:24
Ashtead: UBS raises target from 375p to 400p, buy rating kept. ASOS: Panmure Gordon keeps buy rating and 2,530p target. AZ Electronic Materials: Goldman Sachs upgrades to conviction buy. Booker: Panmure Gordon keeps buy rating and 108p target. Britvic: Panmure Gordon keeps hold rating and 380p t
Read moreBroker snap: US looking good for Ashtead
17th Oct 2012 09:25
US market conditions are set fair for Ashtead Group, the equipment hire business, Seymour Pierce reckons. Analyst Kevin Lapwood believes that US construction confidence reaching its highest level since 2006, coupled with the announcement by one of Ashtead's main US competitors, United Rentals (URI)
Read moreBroker snap: Panmure Gordon says to take profits in Wolseley
20th Sep 2012 13:18
After a strong run in the share price, passing their target price on the way, analysts at Panmure Gordon believe it is time to lock in some profits on Wolseley. Hence, they cut their recommendation from Buy to Hold, while maintaining their 2500p target price. Of interest, they indicate that,"havi
Read moreBroker tips: Smiths, Ashtead, Kingfisher
19th Sep 2012 13:18
On the whole analysts at Credit Suisse have a favourable opinion of the final results posted today by Smiths Group. They thus describe the company´s second half performance as "solid," while highlighting the 10% top line growth and 19.2% margin achieved. Nevertheless, they also take note of the com
Read moreBroker snap: Ashtead is C.Suisse´s favourite stock in the sector
19th Sep 2012 12:35
Credit Suisse has issued a very bullish research note today on the shares of plant hire firm Ashtead. More specifically, its analysts cite several factors which, when combined, make the company their favourite in the sector. Additionally, they indicate that the company faces minimal downside risks
Read moreWednesday broker round-up
5th Sep 2012 09:20
AMEC: Nomura retains buy rating and 1,240p target. Ashtead: UBS ups target from 340p to 375p, buy rating unchanged. ASOS: Oriel Securities upgrades to buy; BarCap upgrades to overweight, target lifted rom 1,800p to 2,400p. BP: Investec keeps buy rating and 460p target. BT Group: JPMorgan Cazenov
Read moreWednesday tips round-up: Genus, Ashtead, Dechra
5th Sep 2012 07:20
In The Times, the Tempus column kicks off with animal semen producer Genus, which dropped yesterday as investors worried about the price of feedstocks like corn in the agricultural sector. But Genus has been a major success story, providing the gene pool to increase yields for pig and cow farmers ac
Read moreAshtead Chairman buys shares after Q1 results
4th Sep 2012 17:29
Chris Cole, the non-executive Chairman at plant-hire group Ashtead, raised his stake in the firm on the same day that the company revealed it would beat its initial forecasts for the full year. Cole purchased 30,000 shares of the FTSE 250 firm at 315p each for a total of £94,500. The transaction br
Read moreLondon close: Footsie drops 1.5 per cent as nerves take over
4th Sep 2012 16:41
- US manufacturing data disappoints - Markets nervous ahead of ECB meeting - Broker downgrades take down Vodafone, Land Secs... Disappointing manufacturing data from the US and skittishness ahead of a European Central Bank (ECB) monetary policy decision on Thursday sparked a sell-off on global stoc
Read moreFTSE 250 movers: Ashtead jumps after bullish guidance
4th Sep 2012 14:43
While the miners were dominating the downward trend on the second-tier FTSE 250 index on Tuesday afternoon, there were a handful of outperformers, most notably high-flying plant hire firm Ashtead. Ashtead saw shares jump after saying this morning that full-year results will be "materially ahead of
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