Monday broker round-up
13th Feb 2017 08:26
(ShareCast News) - Berkeley Group: Barclays reiterates Equal Weight with a target price of 3175p. Flybe Group: HSBC reiterates Buy with a target price of 55p. Esure Group: Berenberg maintains Sell with a target price of 193p. Berendsen: Citigroup reiterates Neutral with a target price of 930p. Sm
Read moreBerendsen boosted by RBC upgrade
7th Feb 2017 09:01
(ShareCast News) - Commercial laundry group Berendsen got a boost as RBC Capital Markets upgraded the stock to 'outperform' from 'sector perform' and lifted the price target to 950p from 900p. The bank acknowledged risks around the UK turnaround and execution of the chief executive's strategy, but s
Read moreBerendsen confirms Cleanroom unit in CMA probe
9th Dec 2016 07:59
(ShareCast News) - Textile services company Berendsen confirmed its UK Cleanroom business was being investigated by the Competition and Markets Authority (CMA). In a statement, the company said the probe related to a joint venture to which a Berendsen subsidiary was a party, including in relation to
Read moreStifel puts a crease in Berendsen shares
6th Dec 2016 15:01
(ShareCast News) - Shares in commercial laundry company Berendsen slumped as Stifel downgraded the stock to 'sell' from 'hold' and slashed the price target to 710p from 1,180p. The bank said it was cutting its full-year 2016 and 2017 adjusted pre-tax profit estimates by 8% to £154.4m and £167.9m, re
Read moreBerendsen's quarterly revenues rise but operational issues take toll
27th Oct 2016 08:12
(ShareCast News) - Textile service company Berendsen's quarterly revenue rose, but continued operational issues resulted in higher costs. In an update for the quarter ended 30 September, the firm said revenue increased by 12.9%, compared to the same period last year, with underlying growth, at co
Read moreBerendsen earnings improve as board invests in capability
29th Jul 2016 08:39
(ShareCast News) - Berendsen posted interim results for the six months to 30 June on Friday, with revenue ahead 7% at £533.5m, or 3% on an underlying basis. Adjusted operating profit was up 7% to £70.2m, while adjusted profit before tax also improved 7% to £60.2m. Its adjusted earnings per share we
Read moreBerendsen delivers clean set of first-quarter results
28th Apr 2016 08:35
(ShareCast News) - First quarter trading at laundry services group Berendsen generated a 3.6% increase in underlying revenues, in line with internal expectations, with favourable currency moves lifting this to 6% at the top line. Underlying group operating profit was ahead of the equivalent period l
Read moreBerendsen profit and revenue slip but divi lifted
26th Feb 2016 12:35
(ShareCast News) - Berendsen said 2015 pre-tax profit and revenue dropped on the back of adverse currency movements, as the pound strengthened against the currencies in which the group operates in Continental Europe. For the year to the end of December, statutory pre-tax profit slipped £113.4 from £
Read moreMonday broker round-up
12th Oct 2015 14:37
(ShareCast News) - Kaz Minerals: Goldman Sachs downgrades to sell, cuts target price to 110.00p. Darty: Liberum Capital starts new coverage with a buy, sets target price at 100.00p. Avon Rubber: N+1 Singer downgrades to hold, raises target price to 1040.00p. Berendsen: RBC Capital Markets upgrades
Read moreBerendsen interim profit and revenue drop on weakening euro
31st Jul 2015 09:09
(ShareCast News) - Textile services group Berendsen said the weakening euro hit its interim profit and revenue. Berendsen said its pre-tax profit declined 4.1% year-on-year to 48.5m, while revenue dropped 4.5% to £493.7m. At constant currencies, revenue grew 3% year-on-year in the period and increa
Read moreFTSE 250 movers: RPS continues to tumble, miners higher
1st May 2015 13:10
Shares in RPS Group continued Thursday's losses, when the industrial consultancy outfit said the continuing volatility in the oil and gas sector meant its energy business had a slower-than-expected start to the year. Stockmarket newcomer Virgin Money was climbing after it increased its share of the
Read moreFTSE 250 movers: Zoopla rockets on acquisition, RPS hit by sluggish first quarter
30th Apr 2015 13:05
Zoopla, the residential property website group, topped the risers after agreeing to acquire utility price comparison site uSwitch for up to £190m. Zoopla said it expected the deal to be "significantly enhancing" to adjusted basic earnings per share in the first full financial year following completi
Read moreBerendsen disappoints with results despite new CEO appointment
30th Apr 2015 08:49
First quarter sales at laundry services group Berendsen fell 5%, in line with expectations, due to strong currency headwinds and troubles in the UK with a hotel linen contract. The FTSE 250 group said the revenue decline was due to the strong pound, although it added that revenue increased 3% at con
Read moreFTSE 250 movers: Rightmove up on strong annual results, IMI struggles with demand and currency
27th Feb 2015 15:14
Rightmove was top of the risers as Cannacord Genuity upgraded its rating on the stock from 'hold' to 'buy' on better-than-expected annual results. The broker also hiked its target price for the shares from 2,600p to 3,034p and said it still sees 13% potential upside to this new forecast. Laundry ser
Read moreBerendsen laundry sales shrink in heat of currency markets
27th Feb 2015 10:21
Full year results from laundry services group Berendsen were ill-received by the market after sales were hit by the strength of sterling, even though earnings still delivered growth. Management said they expected currency impact to persist but expect to achieve a further year of good underlying prog
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