Tuesday broker round-up
23rd Oct 2012 09:23
Aggreko: UBS cuts target from 2,750p to 2,550p, buy rating kept. ARM Holdings: Investec keeps buy rating and 800p target. Avacta: Panmure Gordon keeps buy rating and 1.75p target. AZ Electronic: Canaccord Genuity ups target from 360p to 376p, buy rating kept. Babcock: JPMorgan Cazenove ups targe
Read moreThursday broker round-up
9th Aug 2012 08:14
AMEC: Shore Capital downgrades to hold. Anglo American: Nomura cuts target from 2,500p to 2,200p, neutral rating kept. Aquarius Platinum: Nomura initiates with neutral rating and 35p target. BBA Aviation: Jefferies cuts target from 250p to 230p, buy rating kept. BTG: finnCap downgrades to sell.
Read moreFTSE 250 movers: Heritage Oil leaps as suspension ends
7th Aug 2012 14:38
Heritage Oil jumped after shares were restored to the official list after being suspended following the reverse takeover of an oil mining lease in Nigeria (OML 30) first announced on June 29th. The acquisition will be financed by a $550m secured bridge finance facility and a fully underwritten rig
Read moreTuesday broker round-up
7th Aug 2012 09:22
AB Foods: Nomura cuts target from 1,400p to 1,380p, buy rating kept. BBA Aviation: Jefferies keeps buy rating and 250p target. Big Yellow: Goldman Sachs upgrades to conviction buy, target lifted from 360p to 390p. Devro: Investec keeps buy rating and 355p target. Diageo: Investec lifts target fr
Read moreBBA Aviation sees profits plunge in first half
7th Aug 2012 08:07
BBA Aviation, the FTSE 250 aviation and support services provider, said soft markets were to blame for a drop in profits in the first half. Profit before tax fell 27% to $58.4m in the six months to the end of June, pushing earnings per share down 17% to 12c. The company said activity in both the b
Read moreTuesday broker round-up
24th Apr 2012 09:27
ARM Holdings: Nomura maintains neutral rating and 600p target. Associated British Foods: Nomura keeps buy stance and 1,325p target; Jefferies mains hold recommendation and 1,155p target. Barclays: Investec maintains buy rating and 240p target. BBA Aviation: Jefferies keeps buy rating and 250p tar
Read moreLondon open: Financials lead comeback following steep losses
24th Apr 2012 08:40
- Footsie rebounds after Monday's steep losses - Shell makes 220p-a-share offer for Cove - Capita drops after proposing placing The FTSE 100 was clawing its way back slowly on Tuesday morning, following yesterday's steep sell-off which saw London's benchmark lose nearly two per cent of its value on
Read moreBBA sees subdued start to 2012
24th Apr 2012 08:03
BBA Aviation, the FTSE 250 aviation and support services provider, has admitted that it has experienced 'muted' activity in the first quarter and expects this not to change for the next few months. Group revenue increased by just 2% in the three months to March 31st, but were down 1% after adjusted
Read moreBBA Aviation boss jettisons incentive plan shares
3rd Apr 2012 16:02
Shares in aviation support service group BBA Aviation are a few pence off their 52-week high, so it was not a bad time for Group Chief Executive Simon Pryce to get shot of a pile of shares awarded under the firm's long term incentive and bonus plans. Pryce jettisoned 323,613 shares at 215.55p each
Read moreMonday broker round-up - UPDATE
26th Mar 2012 09:24
Aberdeen Asset Management: Peel Hunt upgrades from hold to buy, target left at 280p. Aggreko: Peel Hunt retains hold rating and 2,200p target. Amlin: Nomura downgrades from buy to neutral, target left at 383p. Anite: Peel Hunt raises target from 150p to 165p, buy rating kept. BBA Aviation: Jeffe
Read moreFriday broker round-up
9th Mar 2012 10:00
ITV: Goldman Sachs raises price target to 137p from 102p, keeps at buy. Admiral: UBS hikes target from 890p to 1,085p, neutral rating unchanged. Bank of America-Merrill Lynch downgrades to underperform from neutral. AGA Rangemaster: Merchant Securities reiterates buy rating and 102p target. Ca
Read moreBroker tips: REITs, Prudential, BBA Aviation
6th Mar 2012 12:01
Jefferies said that the recent earnings season in the real estate investment trust (REIT) sector was 'reassuringly unexciting' and has reduced its net asset value (NAV) forecasts by 2% on average. REIT share prices are up an average of 9% in the year-to-date, with most of this growth coming in Janu
Read moreBroker snap: Charles Stanley downgrades BBA Aviation
6th Mar 2012 11:13
Charles Stanley has downgraded its rating for aviation support and aftermarket services firm BBA Aviation from buy to add, saying that while the long-term growth drivers are still intact, there are some headwinds in the near-term. On Friday, the group reported a full-year pre-tax profit of $170.2m,
Read moreTuesday broker round-up - UPDATE
6th Mar 2012 09:20
Serco: Credit Suisse lifts target price to 650p from 600p, remains at outperform. Capita: Credit Suisse revises target to 820p from 770p, retains outperform. Wolseley: UBS downgrades from buy to hold. Pace: Peel Hunt upgrades from hold to buy, raises target to 99p from 75p. International Power
Read moreSector movers: GKN drags auto stocks lower
2nd Mar 2012 16:05
The automobiles and parts sector was the worst performing sector of the day on Friday, despite only one constituent being in the red. Automotive and aerospace engineer GKN, the FTSE 100 stock with a market capitalisation of well over £3bn, was falling 1.7% before the close of trade, a big enough f
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