Monday broker round-up UPDATE
8th Apr 2013 07:21
Aberdeen Asset Management: Jefferies takes target price from 400p to 420p maintaining a hold recommendation. Admiral Group: Credit Suisse increases target price from 1320p to 1351p keeping a neutral rating. Antofagasta: Investec moves target price from 958p to 934p keeping a sell recommendation.
Read moreBroker snap: Jefferies downgrades asset managers Schroders, Henderson and Jupiter
5th Apr 2013 09:51
Jefferies has downgraded its ratings for three asset managers, Schroders, Henderson and Jupiter, in a review of the sector following the strong equity markets and re-ratings seen so far this year. Unsurprisingly, given the year-to-date stock-market surge year seen across the globe, Jefferies says t
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 moreMonday broker round-up UPDATE
25th Feb 2013 07:26
Afren: Canaccord Genuity increases target price from 160p to 200p and reiterates a buy recommendation. Antofagasta: Bank of America upgrades to buy with a target price of 1400p. Ashmore Group: Espirito Santo shifts target price from 364p to 368p and maintains a neutral rating. ASOS: Deutsche Bank
Read moreFriday broker round-up UPDATE
22nd Feb 2013 07:12
Antofagasta: RBC upgrades from underperform to outperform. Ashmore Group: Citigroup raises target price from 330p to 355p upgrading to neutral. JP Morgan ups target price from 361p to 413p and maintains a neutral rating. Babcock International: Citigroup revises target price from 965p to 1185p and
Read moreAshmore Group raises dividend despite profit drop
21st Feb 2013 09:19
Specialist asset manager Ashmore Group increased its dividend following a 'satisfactory' financial performance for the second half of 2012. The group raised its dividend 2.3% to 4.35p per share as assets under management increased by 11% to $71.0bn as a result of net inflows and positive investment
Read moreFriday broker round-up UPDATE
8th Feb 2013 07:19
Aggreko: HSBC upgrades to neutral with a target price of 1650p. Anglo American: HSBC ups target price from 1950p to 2240p and upgrades to overweight. Antofagasta: HSBC reduces target price from 1200p to 1160p, while upgrading to neutral. ARM Holdings: Credit Suisse increases target price from 780
Read moreThursday broker round-up UPDATE
7th Feb 2013 07:14
African Barrick Gold: Deutsche Bank shifts target price from 415p to 410p, while its hold recommendation is maintained. Ashmore Group: Canaccord Genuity moves target price from 315p to 399p and upgrades to buy. Atkins: JP Morgan takes target price from 859p to 893p and reiterates an overweight rat
Read moreWednesday broker round-up UPDATE
6th Feb 2013 10:12
ARM Holdings: Investec ups target price from 900p to 940p, maintaining its hold recommendation. JP Morgan increases target price from 540p to 625p and retains a neutral rating. UBS moves target price from 900p to 930p, while its neutral rating is reiterated. Espirito Santo raises target price from 8
Read moreLondon close: Stocks hold on to gains despite poor start on Wall Street
18th Jan 2013 16:49
- Chinese Q4 growth beats forecasts - Results from US bellwethers come in mixed - EVRAZ leads Footsie higher on steel hopes UK stock markets managed to hold on to gains on Friday as better-than-expected data from China lifted sentiment, though the Footsie did finish below its intraday high after so
Read moreFTSE 250 movers: Spectris a strong riser after positive outlook
18th Jan 2013 16:29
Full-year like-for-like sales growth at instrumentation and controls group Spectris was boosted by a strong fourth quarter, as the firm said it is well positioned for 2013. LFL sales growth accelerated from 2% to 4% from the third to the fourth quarter of 2012, "helping deliver a robust full year
Read moreLondon midday: Mining companies lead the way following strong Chinese growth data
18th Jan 2013 11:43
- Chinese GDP growth accelerates in Q4 - UK retail sales miss forecasts - EVRAZ, Carnival and Meggitt on the rise UK stocks had extended gains by Friday lunchtime, with better-than-expected Chinese growth figures offsetting some weak domestic retail sales. China's economic growth seems to have acc
Read moreBroker snap: UBS cuts Ashmore to 'neutral'
18th Jan 2013 11:30
UBS has downgraded its recommendation for fund manager Ashmore from 'buy' to 'neutral' and reduced its target price for the stock from 390p to 375p, causing the stock to take a small hit on Friday morning. "We downgrade Ashmore [...] on valuation grounds and because we believe that competitive pres
Read moreAshmore AuM boosted by positive net flows
15th Jan 2013 07:23
Assets under management (AUM) at Ashmore Group in the quarter ended December 31st benefited from a positive investment performance. The specialist emerging markets asset manager said AUM during the quarter rose 4.4% to $71b versus $68b at September 30th. The improvement was due mostly to a positive
Read moreMonday broker round-up UPDATE
14th Jan 2013 06:57
Aberdeen Asset Management: JP Morgan ups target price from 414p to 479p and retains an overweight rating. HSBC downgrades to neutral. Aggreko: UBS cuts target price from 2350p to 2250p maintaining a buy rating. ARM Holdings: Piper Jaffray downgrade to neutral. Ashmore Group: JP Morgan shifts ta
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