Thursday broker round-up
21st Apr 2016 12:16
(ShareCast News) - Petrofac: Jefferies downgrades to hold with a 855p target. ARM Holdings: Goldman Sachs stays at buy with a 1400p target, Citigroup keeps at neutral with a target price of 1045p and Exane BNP Paribas reiterates outperform with a target of 1300p. Zoopla: Barclays downgrades to equa
Read moreWednesday broker round-up
20th Apr 2016 15:54
(ShareCast News) - Zoopla: Exane BNP Paribas reiterates neutral with a target price of 270p and Canaccord upgrades to buy with a 330p target. Ashmore: Barclays stays at underweight with a 250p target, Societe Generale downgrades to hold with a target price of 295p and Exane BNP Paribas downgrades to
Read moreWednesday newspaper share tips: Ashmore Group, AB Foods
20th Apr 2016 13:17
(ShareCast News) - Argentines aren't the only ones with sturdy egos these days, emerging market bond fund managers also have a new-found spring in their step, the Financial Times's Lex column said. That follows strong debt issuance by emerging markets over the past year, which was up by 12% accordin
Read moreBroker tips: Premier Foods, Fresnillo, Ashmore Group
19th Apr 2016 16:02
(ShareCast News) - Credit Suisse cut its price target on Premier Foods after coming off restriction on the stock, saying that management now had to show they made the right call after their "bold rejection of a potential offer from McCormick. The Swiss bank retained its 'outperform' rating on the Mr
Read morePeel Hunt downgrades Ashmore to 'hold' from 'buy'
19th Apr 2016 09:35
(ShareCast News) - Peel Hunt downgraded Ashmore Group to 'hold' from 'buy' and retained its target price at 270p after company reported its third quarter interims. Total assets under management (AuM) at Ashmore rose 4% to $51.3bn in the third quarter compared with the previous quarter while net outf
Read moreAshmore assets under management rise in third quarter
19th Apr 2016 07:45
(ShareCast News) - Total assets under management at Ashmore rose 4% to $51.3bn in the third quarter compared with the previous quarter, as net outflows slowed to $1.1bn The asset manager, which focuses on emerging markets, saw net outflows in blended debt, external debt, corporate debt, multi-asset
Read moreFTSE 250 movers: Iron ore prices push resources higher
12th Apr 2016 14:47
(ShareCast News) - The FTSE 250 remained in the black on Tuesday afternoon, as investors digested better-than-expected inflation data which reached its highest point in a year. Resources producers, including Evraz and Vedanta Resources, were on the up as iron ore prices surged towards $60 per tonne.
Read moreMonday broker round-up
11th Apr 2016 16:20
(ShareCast News) - Phoenix Group: JP Morgan downgrades to neutral with a target price of 942p. Fresnillo: RBC downgrades to underperform with a target price of 750. Jupiter Management: UBS reiterates neutral with a target price of 410p and Jefferies keeps at buy, 472p target. Petrofac: Nomura keep
Read moreJefferies upgrades Schroders, downgrades Ashmore
11th Apr 2016 08:54
(ShareCast News) - Jefferies upgraded Schroders to 'buy' from 'hold' given the stock's recent share price performance, as it took a look at UK asset managers. The bank highlighted its preference for asset managers diversified by assets and client type, with strong cores of more persistent institutio
Read moreSunday share tips: Ashmore Group, Next
27th Mar 2016 21:14
(ShareCast News) - Fund manager Schroders recently scooped up more shares in emerging markets-focused fund manager Ashmore Group following a sharp rally in the share price, but there are reasons to remain sceptical, The Sunday Times's Danny Forston said. By 2013, the fund manager had amassed $75bn i
Read moreTuesday broker round-up
23rd Feb 2016 13:51
(ShareCast News) - HSBC: JP Morgan reiterates underweight with a target price of 410p and UBS stays at buy, 490p target. Just Eat: Investec reiterates buy with a target price of 435p. Glencore: Exane BNP Paribas keeps at outperform with a target of 145p. Ashmore Group: UBS starts coverage at neutr
Read moreTuesday broker round-up
23rd Feb 2016 13:51
(ShareCast News) - HSBC: JP Morgan reiterates underweight with a target price of 410p and UBS stays at buy, 490p target. Just Eat: Investec reiterates buy with a target price of 435p. Glencore: Exane BNP Paribas keeps at outperform with a target of 145p. Ashmore Group: UBS starts coverage at neutr
Read moreFriday broker round-up
12th Feb 2016 15:24
(ShareCast News) - Cambian Group: Berenberg downgrades to hold with a target of 60p. Shaftesbury: Credit Suisse upgrades to outperform with a target price of 945p. Acacia Mining: UBS and Deutsche Bank reiterate buy with a target of 275p and 280p respectively. Ashmore: Citigroup stays at buy with a
Read moreAshmore first half profit, assets under management drop
11th Feb 2016 07:53
(ShareCast News) - Specialist emerging markets asset manager Ashmore posted a drop in first half pre-tax profit as assets under management declined, with weak oil prices and worries about a slowdown in China denting investor sentiment. Assets under management fell to $49.4bn at the end of December f
Read moreAnalysts mostly negative on Aberdeen but some see value
27th Jan 2016 11:45
(ShareCast News) - Shares in Aberdeen Asset Management were volatile after the emerging markets-focused fund manager continued to endure outflows in the last three months of 2015, but some analysts were seeing the positives. Total assets under management of £290.6m at 31 December were up 2.4% in the
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