Friday broker round-up UPDATE
26th Apr 2013 07:24
Admiral Group: HB Markets initiates with a buy recommendation. AstraZeneca: Deutsche Bank takes target price from 3100p to 3160p and leaves its hold recommendation unchanged. Avon Rubber: Investec upgrades from hold to add with a target price of 420p. Betfair Group: Citigroup raises target price
Read moreSector movers: Rolls-Royce lifts aero-defence sector
14th Feb 2013 15:59
Aerospace and defence stocks were making decent gains on Thursday afternoon after a well-received set of full-year results from power systems group Rolls-Royce. Shares were up 3.0% on the day at 1,014p before the close of trade - extending the year-to-date rise to 16% - after the company reported t
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 moreFriday tips round-up: SABMiller and Avon Rubber
23rd Nov 2012 07:27
The Times' Tempus column has recommended to 'hold' shares of beverages giant SABMiller after the group warned of slowing growth in the emerging markets, a key growth driver for most drinks companies. The paper's Martin Waller says that the 'cheers are finally beginning to fade'. The company said
Read moreAvon Rubber issues confident outlook
21st Nov 2012 07:47
Avon Rubber lifted full year profit and underlined its confidence in future trading by increasing its dividend payment 20 per cent. The group, which makes high tech rubber-based respiratory protection to military, emergency and industrial markets, said pre-tax profit rose to £11m for the year ended
Read moreSecond half boost for Avon Rubber
11th Oct 2012 10:07
Avon Rubber, a provider of respiratory protection to military and industrial markets, said full year results are expected to be in line with current market expectations after a strong second half performance. The group, which makes high tech rubber-based products for a number of manufacturing secto
Read moreWednesday broker round-up
8th Aug 2012 09:57
AstraZeneca: Jefferies raises target from 2,975p to 3,100p, hold rating kept. Avon Rubber: Investec reiterates hold rating and 315p target. BTG: Jefferies maintains hold rating and 410p target. Cobham: Jefferies reiterates buy recommendation and 230p target; Investec keeps sell rating and 200p ta
Read moreAvon Rubber banking on second-half pick-up
8th Aug 2012 09:46
Avon Rubber, which makes rubber products for the defence industry, said orders from the US Department of Defense for its respirator filters are picking up, but full-year orders will be below last year's level. The group expects the second half of its financial year, which runs from April to March,
Read moreFriday broker round-up
22nd Jun 2012 10:37
Ashtead: UBS raises target from 320p to 340p, buy rating unchanged. Avon Rubber: Investec downgrades to hold, keeps 315p target. BAE Systems: Investec downgrades to hold, target cut from 360p to 290p Bovis Homes: Liberum Capital downgrades to hold. Cobham: Investec downgrades to sell, target cut
Read moreStrong cash conversion at Avon Rubber
2nd May 2012 12:58
Avon Rubber, which counts farmers and the military among its customers, said both its Dairy and its Protection and Defence divisions saw top line growth in the first half of the group's financial year. Revenue in the six months to March 31st rose 3% to £49.6m from £48.0m at the half-way point last
Read moreDelayed Avon Rubber US contract gets green light
28th Feb 2012 13:22
Avon Rubber, which makes tubing for the dairy industry and gas masks for the military, has seen off the challenge to one of its contract wins by a disgruntled losing bidder. The company is now able to proceed with the delivery of orders under a five year $176m contract for the M61 filter won in Dec
Read moreAvon Rubber down on legal challenge to US order
2nd Feb 2012 11:15
Avon Rubber, the gas masks and dairy products company, has dropped sharply this morning after reporting a legal challenge over an order from the US Department of Defence. The losing bidder in a tender for gas masks (more precisely, "filters") is challenging the award of the contract and Avon expect
Read moreRevenues down but profits up at Avon Rubber
23rd Nov 2011 13:06
It was good news for Avon Rubber as profit before tax rose for the year ended 30 September, despite a fall in revenues. Revenue dropped from £117.6m to £107.6m, but pre-tax profits soared from £7.1m to £10.2m, equivalent to 25.2p basic earnings per share (2010: 15.2p), after costs of sale and adm
Read moreUPDATE: Tuesday broker round-up
11th Oct 2011 08:03
Wolseley: RBS cuts target to 2,378p from 2,420p, stays at buy. Premier Oil: UBS upgrades from neutral to buy, cuts target from 445p to 430p. British Land: Alpha value downgrades to 'reduce' from 'add'. Whitbread: Morgan Stanley upgrades to 'overweight' from 'neutral'. Vodafone: Investec reiter
Read moreTuesday tips round-up: Talvivaara, Michael Page, Avon Rubber...
11th Oct 2011 06:48
BIt's been a tough year for investors in Talvivaara Mining, the FTSE 250-listed owner of a Finnish nickel mine, writes the Independent. As if a 29 per cent drop in the nickel price in the past six months and a series of plant stoppages in April and May weren't bad enough, the company delivered a tri
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