Panmure initiates coverage of challenger banks
16th Feb 2017 09:53
(ShareCast News) - Panmure Gordon initiated coverage on several challenger banks on Thursday, highlighting a preference for specialist lenders as they have avoided direct competition with large UK banks and offer high growth and returns at attractive valuations. The brokerage started Aldermore, OneS
Read moreThursday broker round-up
16th Feb 2017 09:15
(ShareCast News) - QinetiQ: Canaccord downgrades to Hold with a target price of 285p. RBS: Deutsche Bank reiterates Underperform with a target price of 210p. Aldermore Group: Deutsche Bank reiterates Neutral with a target price of 210p. Smiths: Goldman Sachs reiterates Buy with a target price of 1
Read moreWednesday broker round-up
1st Feb 2017 15:33
(ShareCast News) - SSE: Barclays reiterates overweight with a target price of 1695p. BP: HSBC reiterates buy, 590p target. Royal Dutch Shell B: Deutsche Bank reiterates buy with a 2450p target. Britvic: JP Morgan reiterates neutral with a 600p target. Intu: Deutsche Bank reiterates sell with a 2
Read moreDeutsche Bank ups Aldermore target price, sees further upside
20th Dec 2016 09:06
(ShareCast News) - Deutsche Bank upped its price target on challenger bank Aldermore to 257p from 194p as it reiterated its 'buy' rating on the stock. It noted the shares are up 38% since the beginning of September amid an improved perception of the UK economy and following a better-than-expected th
Read moreLiberum initiates coverage of challenger banks, prefers OneSavings
13th Dec 2016 10:09
(ShareCast News) - Liberum initiated coverage of five challenger banks with three 'buy' recommendations and two 'hold' stances. The brokerage started OneSavings Bank, Shawbrook and Aldermore at 'buy' with price targets of 395p, 290p and 245p, respectively. It said OneSavings is making regulatory ch
Read moreFTSE 250 movers: Greencore and banks gain while gold miners fall
14th Nov 2016 14:05
(ShareCast News) - The FTSE 250 index was in positive territory, just shy of 17,500, by the late afternoon on Monday. Irish food company Greencore led the risers, gaining on the back of jump in full-year revenue and earnings, a hike in its dividend and the proposed acquisition of Peacock Foods for a
Read moreFriday broker round-up
11th Nov 2016 09:55
(ShareCast News) - Imperial Brands: JP Morgan keeps at neutral with a target price of 3660p. Standard Life: Berenberg stays at buy 416p target. Barclays: Societe Generale upgrades to buy with a 235p target. UBM: Barlcays reiterates equal-weight with a 755p target. Derwent London: Goldman Sachs ke
Read moreBroker tips: Bovis Homes, Aldermore, miners
10th Nov 2016 14:35
(ShareCast News) - Numis reiterated an 'add' rating and a target price of 939p on Bovis Homes on Thursday after the housebuilder reported a full year trading update. The company said it expects to deliver record revenues in 2016 as the backdrop for UK housebuilding continues to be positive, with dem
Read moreRBC Capital ups Aldermore to 'outperform' after Q3 results
10th Nov 2016 09:41
(ShareCast News) - RBC Capital Markets upped its stance on Aldermore to 'outperform' from 'sector perform' and lifted the price target to 210p from 190p after the challenger bank's third-quarter update. The bank pointed to strong growth in the quarter and reassuring guidance from the group for the f
Read moreAldermore increases new lending to business customers
10th Nov 2016 08:58
(ShareCast News) - Retail bank Aldermore's new lending to business customers increased in the year to date, while capital growth rose in the third quarter. For the nine months ended 30 September, net loans were up 15% to £7.1bn, compared to the same period last year, due to greater levels of new len
Read moreGlyn Jones signals exit from Aldermore
8th Nov 2016 08:00
(ShareCast News) - Aldermore Group announced on Tuesday that on 7 November, Glyn Jones tendered his resignation as non-executive chairman and director of the company, with effect from 6 February 2017. The FTSE 250 firm said Jones has decided to step down from the board following a review of his time
Read moreBanks' mortgage approvals rebound from low, BBA data shows
26th Oct 2016 09:12
(ShareCast News) - Mortgage approvals from high street banks rebounded slightly in September, according to data from high street banks, after hitting a 19-month low in August. The British Bankers' Association (BBA) revealed mortgage approval numbers in September of 38,252, which was up from 37,241 i
Read moreCredit Suisse sees rising risks for challengers banks Aldermore, Shawbrook
25th Oct 2016 11:46
(ShareCast News) - OneSavings Bank received an upgrade but Aldermore and Shawbrook were downgraded by Credit Suisse as it warned the risks facing the UK's challenger banks were "becoming harder to ignore" heading into 2017. Following solid share price recoveries in recent months, the risk-reward for
Read moreSector movers: Retailers rise to the top
18th Oct 2016 16:17
(ShareCast News) - Retailers led gains in the market, with Tesco and Sainsbury leading the pack north on the heels of the latest sector survey results. During the last three months the former notched up its first market share gain in five years, with sales by 1.3% and market share by 0.1 percentage
Read moreBarclays ups Aldermore and OneSavings to 'overweight'
4th Oct 2016 10:37
(ShareCast News) - Barclays upgraded challenger banks Aldermore and OneSavings Bank to 'overweight' from 'equalweight' as it took a look at UK specialist lenders. It lifted its price target for Aldermore to 200p from 150p and said it should benefit from growth in the specialist buy-to-let and SME se
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