Broker snap: Deutsche Bank lifts target for Bunzl on potential M&A
17th Sep 2013 10:02
Deutsche Bank has raised its target price for distribution and outsourcing group Bunzl by over a fifth to include the benefit of potential merger & acquisition (M&A) activity. The target price has been raised by 22.9% from 1,160p to 1,426p. "We do not forecast earnings from future M&A, but have no
Read moreTuesday broker round-up UPDATE
17th Sep 2013 08:56
Aggreko: Credit Suisse reduces target price from 2000p to 1400p and downgrades from neutral to underperform. Antofagasta: WH Ireland downgrades to neutral. Associated British Food: Nomura moves target price from 1650p to 1670p staying with its reduce rating. Aviva: Berenberg downgrades from hold
Read moreBroker tips: G4S, Bunzl, African Barrick Gold
28th Aug 2013 11:22
Panmure Gordon has maintained its 'hold' rating and 240p target price for security solutions group G4S after a weaker-than-expected first half, but has praised management's efforts to turn the business around. The broker said that while this will be a year of consolidation for G4S, it is a strong s
Read moreBroker snap: Bunzl's premium rating hard to justify, says Berenberg
28th Aug 2013 09:03
Berenberg has maintained its 'sell' rating for distribution business Bunzl, saying that the stock's premium rating is hard to justify following its strong performance as of late. Since the start of the year, the share price has gained around 36% and is currently trading near all-time highs. The co
Read moreWednesday broker round-up
28th Aug 2013 08:09
African Barrick Gold: Nomura takes target price from 155p to 250p and reiterates its buy recommendation. Antofagasta: Deutsche Bank cuts target price from 1050p to 1035p and retains a hold recommendation. JP Morgan reduces target price from 1005p to 975p, while its neutral rating remains unchanged.
Read moreTuesday broker round-up UPDATE
27th Aug 2013 09:14
Admiral Group: JP Morgan ups target price from 1108p to 1122p staying with its underweight rating. Antofagasta: Investec places its target price (prev.: 707p) under review and retains a sell recommendation. Berendsen: HSBC increases target price from 745p to 900p and reiterates a neutral rating.
Read moreBunzl acquires UK, Mexico businesses
27th Aug 2013 07:14
Distribution and outsourcing company Bunzl posted a robust set of half year results, despite challenging conditions particularly in Europe, and announced acquisitions in Mexico and the UK. "We have a promising acquisition pipeline and have had an encouraging start to the second half of 2013 with tw
Read moreThursday broker round-up UPDATE
27th Jun 2013 07:36
Antofagasta: Investec cuts target price from 892p to 691p downgrading from reduce to sell. Black Mountain Resources: Westhouse Securities shifts target price from 23p to 17p, while its buy recommendation remains unaltered. Bunzl: Numis upgrades to buy with a target price of 1505p. Capita: Jefferi
Read moreThursday tips round-up: Bunzl, Direct Line, Real Good Food
27th Jun 2013 06:36
Bunzl is a boring investment but in these markets, boring is good, according to The Times' Tempus column. As a note from Numis Securities on Wednesday highlighted, there is little that is boring about a share price that has risen by 25 times over 23 years. The latest trading statement from Bunzl al
Read moreLondon midday: FTSE 100 up one per cent as sentiment improves
26th Jun 2013 11:21
Strong US data out yesterday, improving consumer confidence in Germany and measures by the Chinese central bank to ease a credit squeeze, all combined to give markets a boost on Wednesday with London's FTSE 100 jumping one per cent by midday. Nevertheless, mining stocks were under pressure in morni
Read moreLondon open: Stocks rise after German data and Chinese central-bank action
26th Jun 2013 08:51
UK stocks opened with moderate gains on Wednesday morning as markets continued to claw back from their recent sell-off, with data from Germany and central-bank action in China providing some support early on. While Germany continues to trudge through the Eurozone recession, consumer confidence is
Read moreLondon pre-open: Markets seen higher as stocks claw back from recent losses
26th Jun 2013 07:29
The FTSE 100 is expected to open in positive territory for a second straight day as markets continue to rebound following the heavy falls seen in recent weeks. Selling had accelerated last week after the Federal Reserve confirmed its intention to 'taper' quantitative easing if economic data continu
Read moreBunzl sees revenue growth of 11 per cent
26th Jun 2013 07:05
Distribution and outsourcing group Bunzl said overall trading remains in line with company expectations and is unchanged from its last update in April. At constant exchange rates group revenue growth for the six months ending June 30th is expected to be approximately 11% due to underlying revenue
Read moreLondon close: Markets struggle to regain poise after Fed meeting
21st Jun 2013 17:49
Stocks retreated once again on Friday, following another session of convulsions in global capital markets. Quite poignantly, on Friday one US policy maker - the President of the Federal Reserve bank of St.Louis - criticised Ben Bernanke´s poor timing regarding the announcement of a detailed plan for
Read moreFTSE 100 movers: Bunzl, BT Group, Antofagasta
21st Jun 2013 14:29
Multinational distribution and outsourcing company Bunzl gained after analysts at JP Morgan Cazenove reiterated a 'buy' rating in a note issued to investors on Friday. BT Group advanced after appointing Gavin Patterson as its new Chief Executive Officer to replace Ian Livingstone who will step down
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