Wednesday broker round-up
17th Aug 2016 21:35
(ShareCast News) - Polypipe: Berenberg maintains buy with a 360p target. Vodafone: Jefferies reiterates buy with a 260p target. Standard Chartered: HSBC downgrades to hold with a 650p target. Prudential: Goldman Sachs keeps at buy with a target price of 1750p. WPP: Berenberg reiterates hold with
Read moreWednesday newspaper share tips: Polypipe, Antofagasta
17th Aug 2016 12:27
(ShareCast News) - Polypipe should not be affected by the result of the EU referendum, as its trading performance during the first half of the year attests, according to the Financial Times' Lex. Indeed, sales at the FTSE 250-listed manufacturer of plastic piping systems - of which environmental
Read moreAntofagasta's heavy cost cuts lift earnings above forecasts
16th Aug 2016 07:07
(ShareCast News) - Although first-half revenue was lower for Antofagasta, the Chilean copper mining colossus improved earnings and kept its dividend flat thanks to some heavy cost cutting. Revenues of $1.45bn in the six months to 30 June were down 18.5% compared to the last year's due to lower coppe
Read moreTuesday broker round-up
9th Aug 2016 12:42
(ShareCast News) - Aviva: Goldman Sachs reiterates buy with a target price of 480p. Antofagasta: RBC maintains sector perform with a 500p target. Informa: Numis reiterates buy with a 845p target. Astrazeneca: JP Morgan stays at neutral with a 4900p target. Topps Tiles: Berenberg reiterates hold w
Read moreAntofagasta improves copper production, reduces costs
27th Jul 2016 08:10
(ShareCast News) - Antofagasta posted its second quarter production update on Wednesday, with the company reporting a 5.8% increase in copper production over the first quarter at 166,200 tonnes. The FTSE 100 firm said this was a result of production increases at Los Pelambres, Zaldivar and Antucoya
Read moreFTSE 100 movers: Antofagasta leads miners' rise and Barratt the builders' fall
13th Jul 2016 13:36
(ShareCast News) - The FTSE 100 index was scuttling crabwise on Wednesday, as markets held their powder dry as Britain appointed a new Prime Minister later in the day and a day ahead of the Bank of England expected policy tinkering. Commodities heavyweights Antofagasta, Glencore, BHP Billiton and
Read moreBerenberg reiterates sell on Antofagasta
11th Jul 2016 14:12
(ShareCast News) - Antofagasta´s full-year copper production was likely to fall short of its estimates despite the company´s efforts, Berenberg said, leading its analysts to reiterate their 'sell' recommendation on the stock. Whereas Antofagasta had been guiding towards full-year 2016 copper product
Read moreLondon midday: Miners pace gains on stimulus hopes, upbeat US jobs data
11th Jul 2016 12:10
(ShareCast News) - London stocks were continuing to push higher come midday, carried by positive sentiment from Asia and the US, with domestic thoughts turning to the Bank of England monetary policy meeting scheduled for later in the week. Asian stocks finished the session with strong gains, as some
Read moreSector movers: House builders and banks rally
8th Jul 2016 18:37
(ShareCast News) - House builders, banks topped the blue-chip winners' ladder at close of play on Friday, having last week and this suffered under the shadow of Britain's non-binding vote to quit the EU. Taylor Wimpey, Berkeley Group, Barratt Developments and Persimmon sprinted higher with gains of
Read moreTravel&leisure stocks and financials lead gains
1st Jul 2016 14:43
(ShareCast News) - Travel stocks led the way higher at the end of the week as the Footsie advanced towards its largest weekly gain since December 2011, with stock in TUI at the top of the leaderboard but with shares in InterContinental Hotels Group and Carnival close behind as they recovered from fa
Read moreCredit Suisse restarts Glencore at outperform, raises target on Anglo American
30th Jun 2016 15:22
(ShareCast News) - Credit Suisse gave the mining sector a boost on Thursday as the broker raised its projections for the average price of some key base base and precious metals, while re-jigging its target prices on a large swathe of the mining space in the process. The outlook continued to be cloud
Read moreMiners and tech lead gains
15th Jun 2016 18:54
(ShareCast News) - A lull in US dollar strength gave industrial metals' prices a boost, in turn sending shares of miners higher. Adding to the positive sentiment, data published overnight in China revealed stable lending dynamics across the country in May, although the figures also pointed towards a
Read moreThursday broker round-up
9th Jun 2016 16:34
(ShareCast News) - Fevertree Drinks: Berenberg upgrades to buy with a target price of 810p. AO World: JP Morgan keeps at neutral with a 200p target. WH Smith: JP Morgan stays at overweight with a target price of 1850p. Lancashire Holdings: UBS keeps at neutral with a target of 610p. Admiral Group
Read moreBroker tips: Antofagasta, RPC, Flybe
9th Jun 2016 12:44
(ShareCast News) - Antofagasta shares dropped on Thursday as Canaccord Genuity downgraded the stock to 'hold' from 'buy' and lowered its target price to 475p from 550p. Canaccord said changes to the Chilean tax regime through 2018 may put pressure on Antofagasta's net margin and dividend. "The comp
Read moreAntofagasta downgraded to 'hold' from 'buy' by Canaccord
9th Jun 2016 10:15
(ShareCast News) - Antofagasta shares dropped on Thursday as Canaccord Genuity downgraded the stock to 'hold' from 'buy' and lowered its target price to 475p from 550p. Canaccord said changes to the Chilean tax regime through 2018 may pressure Antofagasta's net margin and dividend. "The company has
Read more