Friday broker round-up UPDATE
4th Jul 2014 12:12
Antofagasta: Morgan Stanley upgrades from underweight to equal-weight with a target price of 750p. AVEVA: Societe Generale initiates with a target price of 2650p and a buy recommendation. Balfour Beatty: Westhouse Securities cuts target price from 220p to 183p downgrading from neutral to sell. RBC
Read moreLondon midday: Iraq concerns push stocks lower ahead of US data
25th Jun 2014 11:30
- FTSE 100 on track to close at two-month low - Iraq situation worsens, Ukraine still in focus - Bunzl disappoints with trading update - Oil stocks fall, real estate gains techMARK 2,794.32 -0.53% FTSE 100 6,744.97 -0.62% FTSE 250 15,458.96 -0.57% UK stocks were firmly in the red on Wednesday as o
Read moreBroker tips: LSE, Vodafone, BT Group, AVEVA
28th May 2014 12:30
Credit Suisse has added London Stock Exchange (LSE) to its 'Focus List', saying it expects a re-rating of the stock over time if the possible acquisition of Russell Investments is completed. The bank has set a 2,220p target price for LSE's shares, at which level they would trade at around 17 times
Read moreAVEVA hit by UBS downgrade as stock pulls back
28th May 2014 10:38
AVEVA's share price was pulling back on Wednesday after a surge the previous session as UBS downgraded its rating on the engineering software group from 'buy' to 'neutral'. The bank said that "notwithstanding management's evident confidence in the pipeline", the current valuation of the stock is no
Read moreWednesday broker round-up UPDATE
28th May 2014 09:57
Accesso Technology Group: Numis initiates with a target price of 690p and a buy recommendation. Alternative Networks: Westhouse Securities upgrades from add to buy with a target price of 540p. Astra Zeneca: Deutsche Bank raises target price from 3800p to 3950p and keeps a hold recommendation. AVE
Read moreLondon close: Investors ponder merits of TSB float
27th May 2014 16:58
- FTSE 100 catches up after long weekend - Euroscepticism tempered by election results in Italy, Greece - IHG gains on bid interest - Lloyds to float TSB division - Pfizer walks away from AstraZeneca proposal techMARK 2,786.31 +1.03% FTSE 100 6,844.94 +0.43% FTSE 250 15,843.93 +0.88% Equities ende
Read moreFTSE 250 movers: AVEVA and Greencore rise on broker comments
27th May 2014 16:09
Software maker AVEVA revealed an 11 per cent increase in full-year profit underpinned by strong demand at its Engineering and Design Systems unit and improved margins. Following the results analysts at Numis Securities reiterated their 'buy' recommendation on the shares, saying they are significantl
Read moreSector movers: Software and tech stocks lead gains
27th May 2014 14:34
Strong gains from AVEVA gave software stocks a boost on Tuesday, while ARM Holdings was providing a lift in the technology sector. AVEVA, which supplies engineering data and IT systems to power plants, shipping and energy facilities, beat forecasts with its annual results today, posting an 11% rise
Read moreBroker tips: BG Group, Tate & Lyle, SABMiller, AVEVA
27th May 2014 12:57
Kepler Cheuvreux has lowered its recommendation for BG Group from 'hold' to 'reduce', saying that prevailing uncertainties are clouding the outlook for the oil and gas firm. Analyst Peter Oppitzhauser said that BG's upstream portfolio "comes with high project delivery risk (high concentration risk,
Read moreLondon midday: IHG, Lloyds lead markets high post European elections
27th May 2014 11:36
- FTSE 100 catches up after long weekend - Euroscepticism tempered by elections results in Italy, Greece - IHG gains on bid interest - Lloyds to float TSB division - Pfizer walks away from AstraZeneca proposal techMARK 2,788.40 +1.10% FTSE 100 6,849.22 +0.49% FTSE 250 15,836.22 +0.83% UK stocks po
Read moreAVEVA shares undervalued after strong results, says Numis
27th May 2014 10:38
Numis Securities has reiterated its 'buy' recommendation for AVEVA after the software group's well-received annual results on Tuesday, saying the shares are significantly undervalued. "AVEVA is a top quality business and we are comfortable that it is right to use any pull-backs as an opportunity t
Read moreTuesday broker round-up UPDATE
27th May 2014 09:17
African Minerals: Canaccord Genuity cuts target price from 295p to 230p and maintains a buy recommendation. AG Barr: Investec ups target price from 620p to 645p retaining an add rating. ARM Holdings: Numis increases target price from 880p to 920p keeping a hold recommendation. AVEVA Group: Invest
Read moreLondon open: UK stocks rise after European elections, IHG jumps
27th May 2014 08:29
- Eurosceptism tempered by strong election results in Italy, Greece - FTSE 100 tracks gains made in Europe on Monday - IHG rises strongly on takeover rumours - Lloyds to float TSB - Pfizer walks away from AstraZeneca techMARK 2,779.89 +0.79% FTSE 100 6,830.41 +0.22% FTSE 250 15,824.59 +0.75% UK st
Read moreAVEVA boosts full-year profit, gives confident outlook
27th May 2014 07:41
- Full-year profit rises 11 per cent - Strong growth at Engineering and Design Systems unit - Confident in future trading Software maker AVEVA revealed an 11 per cent increase in full-year profit underpinned by strong demand at its Engineering and Design Systems unit and improved margins. The Cam
Read moreTuesday broker round-up UPDATE
20th May 2014 07:58
Alent: UBS lowers target price from 360p to 355p and keeps a buy recommendation. APR Energy: Investec reduces target price from 1150p to 880p and stays with its hold recommendation. ARM Holdings: Goldman Sachs reduces target price from 1450p to 1400p and stays with its buy recommendation. AVEVA H
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