Broker tips: Foxtons, 888, Chemring
27th Aug 2014 12:17
Foxtons' first-half results were "impressive", according to Canaccord Genuity. The real estate company reported a 16% increase in turnover to £372.8m with property sales commissions up 32% to £37.8m. Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) rose 29% to reach £
Read moreBroker tips: Foxtons, 888, Chemring
27th Aug 2014 11:17
The real estate company reported a 16% increase in turnover to £372.8m with property sales commissions up 32% to £37.8m. Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) rose 29% to reach £24.9m as EBITDA margins climbed by 330 basis points to 34.3%. Canaccord gave the
Read morePanmure sees Chemring benefit as military action escalates in Middle East
27th Aug 2014 10:28
Panmure Gordon analyst Sanjay Jha issued a bullish note on Chemring, as the US officially ended its "humanitarian no-boots-on the-ground airstrikes" stance and Nato deployed forces in Eastern Europe. The US is now planning military action in Syria and northern Iraq, possibly with the help of its al
Read moreWednesday broker round-up UPDATE
13th Aug 2014 09:55
Caledonia Mining: Numis lowers target price from 100p to 90p retaining a buy recommendation. Chemring Group: Panmure Gordon initiates with a target price of 328p and a buy recommendation. CLS Holdings: Liberum Capital raises target price from 1551p to 1647p and keeps a buy recommendation. CSR: Je
Read moreNew Chemring CEO adds £20,000-worth of shares
21st Jul 2014 16:20
The Group Chief Executive of defence group Chemring has added a batch of shares worth £20,150 to his stake. Michael Flowers, who was appointed to his current role last month, paid 201.50p for each of the 10,000 shares, all of which were acquired in his wife's name. Flowers replaced Mark Papworth
Read moreSector movers: M&A, Farnborough lift aerospace and defence stocks
16th Jul 2014 14:47
M&A speculation and contract wins from the Farnborough Air Show were helping stocks in the aerospace and defence sector post solid gains on Wednesday. Aircraft components manufacturer and engineering group Meggitt was the standout performer in afternoon trade, up nearly 10% at 537p on the back of r
Read moreFARNBOROUGH INTERVIEW - Chemring chief sees signs of a defence pick-up
15th Jul 2014 14:20
Defence markets are as difficult as ever but signs of growth are emerging, the new Chief Executive of anti-missile flare maker Chemring said on Tuesday. Michael Flowers, who took over the role from Mark Papworth last month, said trading remained tough in the face of US and European defence spending
Read moreChemring CEO leaves as losses widen in "challenging" markets
24th Jun 2014 12:28
Shares in defence group Chemring fell on Tuesday after its Chief Executive Officer left with immediate effect as it posted wider half-year losses and admitted end markets remained "challenging". The group, which has appointed a new CEO, also cautioned that foreign exchange headwinds would continue
Read moreThursday broker round-up UPDATE
19th Jun 2014 08:56
BAE Systems: Westhouse Securities initiates with a target price of 360p and a sell recommendation. Berkeley Group: Deutsche Bank increases target price from 2587p to 2877p retaining a hold recommendation. Jefferies raises target price from 2477p to 2543p and keeps a hold recommendation. BG Group:
Read moreTuesday broker round-up UPDATE
12th Jun 2014 08:50
Afren: Oriel downgrades from buy to hold with a target price of 145p. Aggreko: RBC Capital downgrades to neutral with a target price of 1700p. Betfair Group: Morgan Stanley raises target price from 1150p to 1260p and keeps an overweight rating. BG Group: Nomura downgrades to neutral with a target
Read moreFriday broker round-up UPDATE
6th Jun 2014 09:38
African Minerals: Investec places both its target price (prev.: 189p) and its buy recommendation under review. ASOS: JP Morgan reduces target price from 6600p to 4259p and retains its overweight rating. Citi reduces target price from 7000p to 3700p, while leaving its buy recommendation unchanged. D
Read moreChemring buys Norwegian sub-surface imaging company
9th May 2014 09:34
Defence group Chemring, which makes anti-aircraft and roadside bomb counter-measures, has bought sub-surface imaging company 3d-Radar for $3m. Norway-based 3d-Radar, part of Curtiss-Wright Corporation, develops commercial three-dimensional ground-penetrating radar (GPR) technology which can speed
Read moreThursday broker round-up UPDATE
24th Apr 2014 09:19
AMEC: UBS ups target price from 1145p to 1200p maintaining a neutral rating. ARM Holdings: HSBC raises target price from 1080p to 1120p and keeps an overweight rating. Associated British Foods: HSBC increases target price from 280p to 310p and upgrades from neutral to overweight. Deutsche Bank rai
Read moreChemring sells European munitions arm to Nexter Systems
24th Apr 2014 07:55
Defence group Chemring is selling its European munitions business for up to 167.8m euros. The company, which makes flares and anti-aircraft countermeasures, is selling Belgian tank ammunition business Mecar and Italian group Simmel, which specialises in naval ammunition, to France's Nexter Systems.
Read moreThursday broker round-up UPDATE
20th Mar 2014 09:19
Antofagasta: Deutsche Bank cuts target price from 770p to 735p and downgrades to sell. Investec cuts target price from 753p to 726p keeping its sell recommendation. Ashmore Group: HSBC Holdings lowers target price from 410p to 400p retaining its overweight rating. Avacta Group: Numis shifts target
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