London open: Positive start after strong US jobs
8th Jul 2013 08:04
London's leading shares started the week on strong footing after Friday's better than expected US nonfarm payrolls number and as focus turns to European Central Bank (ECB) President Mario Draghi's speech to European Parliament. Friday's widely watched report from the Labor Department showed US empl
Read moreBovis sees strong increase in first half housing profits
8th Jul 2013 07:04
Bovis Homes said reservations in the first half were ahead of its expectations amid signs of a strong improvement in the housing market. The house builder said it had achieved 1,389 private reservations in the period marking a 40% increase on the first six months of 2012, and its average selling pr
Read moreBroker snap: Persimmon's valuation 'full' despite robust Q1, says Jefferies
2nd Jul 2013 09:24
Jefferies has kept its 'hold' rating and 1,162p target price for UK house builder Persimmon despite an upbeat second-quarter trading update, saying that the stock's valuation looks 'full'. Nevertheless, analyst Anthony Codling said that the statement was "robust" and backed up its view that the gov
Read moreMonday broker round-up UPDATE
17th Jun 2013 07:21
Antofagasta: UBS reduces target price from 1140p to 1050p, while upgrading from neutral to buy. ARM Holdings: Analysts at Numis have cut their view on the shares to reduce from hold. Associated British Foods: Nomura cuts target price from 1800p to 1650p downgrading to reduce. Atkins: Jefferies u
Read moreTuesday broker round-up UPDATE
11th Jun 2013 07:22
AG Barr: Investec cuts target price from 591p to 581p, while upgrading from add to buy. Canaccord Genuity upgrades to buy with its target price at 570p. Aquarius Platinum: Nomura reduces target price from 90p to 65p, but keeps its buy recommendation. AstraZeneca: Berenberg takes target price from
Read moreWednesday broker round-up UPDATE
5th Jun 2013 09:34
Aberdeen Asset Mangement: UBS cuts target price from 520p to 505p, while maintaining its buy recommendation. Alternative Networks: Investec revises target price from 350p to 390p keeping a buy recommendation. API Group: Numis upgrades to add with a target price of 75p. Ashmore Group: UBS lowers t
Read moreFriday broker round-up UPDATE
24th May 2013 08:00
Aveva: Panmure Gordon ups target price from 2076p to to 2091p keeping a hold recommendation. Investec takes target price from 2450p to 2500p and retains its buy recommendation. Credit Suisse increases target price from 2013p to 2240p, while staying with its neutral rating. Barratt Developments: Lib
Read moreFriday tips round-up: Bovis Homes, Glencore Xstrata, AZ Electronic Materials
17th May 2013 06:55
Stock of Bovis Homes, along with its peers, saw an extraordinary surge in its share price yesterday, up 12p to 765p, almost twice where it was last June. The stock is approaching a 30% premium to their estimated net asset value; this seems to be building in an awful lot of the future growth expected
Read moreBovis Homes reports strong trading since start of year
16th May 2013 08:20
Bovis Homes has said trading since the start of the year has been strong, having achieved a 26 per cent rise private net reservations for the period. The group said this was driven by an 11% increase in the average number of active sales outlets to 91 (2012: 82), and a 14% improvement in the avera
Read moreTuesday broker round-up UPDATE
14th May 2013 08:04
Babcock International: Jefferies increases target price from 1080p to 1250p and maintains a buy recommendation. Barratt Developments: Bank of America takes target price from 265p to 325p, while downgrading to neutral. Belgravium Technologies: WH Ireland places both its target price and its neutral
Read moreMonday broker round-up UPDATE
29th Apr 2013 08:17
Afren: Liberum Capital shifts target price from 130p to 136p and maintains a hold recommendation. AngloAmerican: Nomura upgrades from reduce to neutral with a target price of 1700p. Antofagasta: Nomura cuts target price from 1250p to 1200p, while its neutral rating remains unchanged. Investec redu
Read moreWednesday broker round-up UPDATE
10th Apr 2013 08:57
African Barrick Gold: Westhouse Securities upgrades from sell to neutral with a target price of 195p. Deutsche Bank reduces target price from 340p to 230p keeping its hold rating. African Minerals: Deutsche Bank reduces target price from 620p to 594p and leaves its buy recommendation unaltered. An
Read moreSector movers: Housebuilders drop after construction PMI disappoints
4th Apr 2013 13:54
Housebuilding stocks were under pressure on Thursday a day after construction data from the UK came in below the mark. The CIPS/Markit construction purchasing managers' index (PMI), which measures overall output in the sector, rose to 47.2 in March, bouncing off a 40-month low of 46.8 the month bef
Read moreThursday broker round-up UPDATE
4th Apr 2013 07:32
Aviva: Bank of America cuts target price from 350p to 335p, while its neutral rating remains unchanged. Barratt Developments: Credit Suisse revises target price from 223p to 317p, while staying with its neutral rating. Bellway: Credit Suisse moves target price from 1202p to 1639p and leaves its ou
Read moreFTSE 250 movers: Bovis Homes advances on strong financial results
26th Mar 2013 16:46
Housebuilder Bovis Homes was the fourth biggest riser on the FTSE 250 index, advancing 3.16 per cent to 751p by the close of trade after the group unveiled its annual report for 2012. This showed that the group delivered a 68% increase in profits before taxation to £54.1m and increased return on c
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