Numis raises Ashmore's rating to 'reduce' from 'sell'
17th Oct 2016 08:56
(ShareCast News) - Numis has raised its rating on Ashmore Group to 'reduce' from 'sell', citing long-term prospects and foreign exchange (FX) tailwinds. The broker also lifted its forecasts for earnings per share in fiscal years 2017, 2018 and 2019 by 8%, 3% and 2% respectively, as it expects the
Read moreAshmore posts flat quarterly flows as emerging markets recover
14th Oct 2016 07:21
(ShareCast News) - Specialist emerging markets asset manager Ashmore Group updated the markets on its assets under management on Friday, for the quarter to 30 September. The FTSE 250 firm said assets under management increased by $2bn during the period, driven solely by positive investment performan
Read moreBroker tips: Sports Direct, Ashmore, Electrocomponents
12th Oct 2016 17:35
(ShareCast News) - Sports Direct International was under the cosh on Wednesday as Cantor Fitzgerald cut its price target on the hold-rated stock to 260p from 320p after the company warned last week that full-year 2017 earnings would be hit by recent currency movements. "The news is obviously disappo
Read moreJupiter Fund boosted by Barclays upgrade
11th Oct 2016 10:39
(ShareCast News) - Jupiter Fund Management got a boost on Tuesday as Barclays upgraded the stock to 'overweight' from 'equalweight' and lifted the price target to 525p from 420p to reflect a sector re-rating and earnings per share upgrades. The bank said Jupiter had "remarkably resilient" net inflow
Read moreWednesday share tips: Sports Direct, Ashmore
7th Sep 2016 15:29
(ShareCast News) - Share buy-backs may not add value, but they do serve a signalling function, the Financial Times´s Lex column said. That is especially so in the case of Sports Direct, according to the tipster. As if the furor around the company´s work practices were not enough, the drop in ste
Read moreWednesday broker round-up
7th Sep 2016 10:31
(ShareCast News) - Centrica: Goldman Sachs downgrades to sell with a target price of 213p. Ashmore: Barclays maintains underweight with a 270p target. Aviva: UBS upgrades to buy with a 505p target. Polymetal: Berenberg reiterates buy with a 1200p target. SSE: Goldman Sachs keeps at neutral with a
Read moreAshmore reports sharp drop in revenues, but flags optimistic outlook
6th Sep 2016 07:51
(ShareCast News) - Ashmore´s full-year revenues and assets under management came under pressure during the company´s last financial year, even as management sounded an optimistic note on the prospects for the emerging market space. The emerging markets investment manager reported an 18% drop in net
Read moreTuesday preview: Ashmore Group reports full year results
5th Sep 2016 12:54
(ShareCast News) - FTSE 250 listed investment manager Ashmore Group is expected to report a decline in earnings and revenues when it publishes its full year results on Tuesday. The asset manager's performance in recent years has been hurt by the slowdown and volatility in emerging markets where the
Read moreTuesday broker round-up
16th Aug 2016 11:38
(ShareCast News) - Investec: UBS reiterates buy with a target price of 550p. Hastings: Berenberg maintains buy with a 234p target. Auto Trader: Goldman Sachs reiterates buy with a 445p target. Smiths Group: HSBC stays at hold with a 1300p target. Rightmove: Goldman Sachs keeps at neutral with a t
Read moreTuesday broker round-up
2nd Aug 2016 10:58
(ShareCast News) - HSBC: Berenberg reiterates buy with a target price of 600p. Intertek: Numis maintains reduce with a 3100p target. Barclays: Citigroup reiterates buy with a 135p target. IAG: HSBC stays at reduce with a 325p target. Anglo American: UBS keeps at sell with a target price of 740p.
Read moreFriday broker round-up
15th Jul 2016 15:00
(ShareCast News) - Ashmore: Goldman Sachs upgrades to buy with a target price of 420p and JP Morgan reiterates underweight with a 250p target. G4S: UBS keeps at buy with a 240p target. Essentra: Jefferies reiterates buy with a 715p target. Playtech: UBS stays at buy with a 1000p target. Aberdeen:
Read moreBroker tips: William Hill, RELX, Ashmore Group
15th Jul 2016 13:12
(ShareCast News) - William Hill's shares fell on Friday as Canaccord Genuity reiterated a 'hold' rating and cut its target price to 301p from 340p. The betting group has warned about a poor results from horse racing at Cheltenham, tighter regulation, and teething problems with its strategy of taking
Read moreAshmore rallies on Goldman Sachs upgrade
15th Jul 2016 10:34
(ShareCast News) - Asset manager Ashmore got a boost on Friday as Goldman Sachs upgraded its stance on the stock to 'buy' from 'neutral' and raised the price target to 420p from 310p. The bank cited four main reasons for the upgrade: improving industry flow trends, strong fund performance, lower exp
Read moreEmerging markets boost Ashmore assets in quarterly review
14th Jul 2016 08:57
(ShareCast News) - Specialist emerging markets asset manager Ashmore Group posted an update to its assets under management for the quarter to 30 June 2016, with assets under management increasing by $1.3bn over the period through positive investment performance of $2bn and net outflows of $0.7bn. Th
Read moreTuesday broker round-up
10th May 2016 15:38
(ShareCast News) - Foxtons: Citigroup upgrades to neutral with a 140p target. RBS: HBSC retains hold with a 240p target. Croda: JP Morgan keeps at overweight with a 3314p target. Aberdeen Asset Management: Goldman Sachs reiterates neutral with a target of 294p. Bovis Homes: Canaccord reiterates b
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