BBA Aviation trading in line, organic revenue drops
6th May 2016 07:56
(ShareCast News) - In an update for the period from 1 January to the end of March, BBA Aviation said trading was in line with its expectations, with a decline in organic revenue. The FTSE 250 provider of aviation support and aftermarket services said revenue was up 12% year-on-year in the first q
Read moreBBA Aviation non-exec director makes first share purchase
13th Apr 2016 15:41
(ShareCast News) - Peter Ventress, a non-executive director at BBA Aviation, made his first share purchase, picking up 25,763 shares at 193.06p each. Elsewhere, Breedon Aggregates' new chief executive, Pat Ward, snapped up 150,000 shares in the building materials firm at 70.50p each. The chairman o
Read moreFTSE 250 movers: Kaz and Vesuvius lead midcaps lower
7th Apr 2016 14:21
(ShareCast News) - By mid-afternoon on Thursday, the FTSE 250 was down 0.41%, amplifying the falls of its blue chip brother as weakening oil and copper prices undermined earlier index gains. The biggest faller in the mid cap index was Kaz Minerals as it was downgraded among a wider JP Morgan Cazenov
Read moreBBA Aviation agrees sale of six fixed-based operations
30th Mar 2016 09:26
(ShareCast News) - BBA Aviation has sold six fix-based operations for $190m in cash to affiliates of KSL Capital Partners as agreed with the US Department of Justice under the terms of the regulatory approval for the acquisition of Landmark Aviation. As previously announced on 3 February, under the
Read moreBroker tips: Domino's Pizza, BBA Aviation, Schroders
4th Mar 2016 12:15
(ShareCast News) - Credit Suisse reaffirmed its 'outperform' recommendation on Domino's Pizza and boosted its target price for the shares, while pointing to scope for further upside to the company's earnings per share. The Swiss broker highlighted the company's decision to re-introduce stock buyback
Read moreBBA Aviation's shares rise after Investec retains 'buy' and lifts target price
4th Mar 2016 10:15
(ShareCast News) - BBA Aviation's shares rose on Friday as Investec retained its 'buy' rating on the stock and increased its target price to 235p from 225p. Investec said the company's full year results were 1% ahead of its expectations. The aviation services giant reported a 1% drop in underlying
Read moreBBA Aviation's full year profit flat as revenue drops
3rd Mar 2016 11:04
(ShareCast News) - BBA Aviation's full year pre-tax profit came in broadly flat as revenue declined, reflecting lower fuel prices and foreign exchange headwinds. The aviation services giant reported a 1% drop in underlying pre-tax profit to $170m (£120.8m) and a 7% fall in revenue to $2.12bn in the
Read moreBroker tips: Segro, Tullow Oil, BBA Aviation
19th Feb 2016 13:03
(ShareCast News) - Segro's shares climbed on Friday as Investec reiterated a 'buy' rating, hailing the company's full year results. The property developer reported its full year net asset value (NAV) rose 21% to 463p a share, while pre-tax profits increased to £686.5m from £654m. The company said i
Read moreInvestec initiates BBA Aviation at 'buy'
19th Feb 2016 12:54
(ShareCast News) - Investec initiated its coverage on BBA Aviation with a 'buy' rating and a target price of 225p on Friday. The broker said the stock has performed poorly since its proposed acquisition of Landmark Aviation was announced last September, "which we believe is largely due to concerns o
Read moreThursday broker round-up
18th Feb 2016 19:08
(ShareCast News) - Hammerson: Exane BNP Paribas downgrades to neutral, 620p target. Go-Ahead Group: Shore Capital upgrades to buy. Auto Trader: JP Morgan reiterates to overweight with a 420p target and Deutsche Bank maintains hold, 375p target. Glencore: Citigroup keeps at buy with a 140p target.
Read moreWednesday broker round-up
10th Feb 2016 16:22
(ShareCast News) - Virgin Money: Nomura starts coverage at buy with a target of 445p. Domino's Pizza: Credit Suisse upgrades to outperform with a target price of 1100p. BBA Aviation: Goldman Sachs downgrades to neutral with 181p target. Greencore: Societe Generale reiterates hold with a 386p targe
Read moreBroker tips: Sainsbury's, BBA Aviation, Lloyds
13th Jan 2016 12:55
(ShareCast News) - Sainsbury's third quarter highlights the group's compelling strategy and differentiation from the other 'Big Four' supermarkets, Societe Generale said on Wednesday. The company's like-for-like (LFL) retail sales were down 0.4% over the festive third quarter but by less than the 0.
Read moreSlump in BBA Aviation shares is good entry point, says Citi
13th Jan 2016 12:17
(ShareCast News) - Citigroup initiated coverage of BBA Aviation at 'buy' with a 210p price target, noting the shares have dropped 19% since 1 July 2015. The bank said the fall provides investors with an attractive entry point, with completion of the Landmark acquisition in early 2016 a primary catal
Read moreBBA Aviation trading in line but aftermarket services under pressure
9th Dec 2015 08:05
(ShareCast News) - BBA Aviation said trading from 1 July to 21 November was in line in all of its businesses apart from the engine repair and overhaul division. The aviation support and aftermarket support services provider said group revenue was down 3% on an organic basis, excluding the impact of
Read moreThursday broker round-up
12th Nov 2015 09:36
(ShareCast News) - Wood Group (john): Exane BNP Paribas downgrades to neutral. Target price: 600.00p. Man Group: RBC Capital Markets downgrades to sector perform, cuts target price to 170.00p. Bba Aviation: Jefferies reiterates to buy, bumps down target price to 280.00p. Diploma: Jefferies reitera
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