Tuesday broker round-up UPDATE
20th Aug 2013 08:26
AMEC: Liberum Capital cuts target price from 1135p to 1120p and reiterates a hold recommendation. BAE Systems: Investec increases target price from 370p to 450p upgrading from hold to add. Bovis Homes Group: Deutsche Bank shifts target price from 900p to 901p and keeps a buy recommendation. Citi r
Read moreClarksons hikes dividend after solid performance
19th Aug 2013 08:32
Ship broker Clarksons posted a decline in half year pre-tax profit, lifted revenue and underlined its confidence in future trading with an increase in its interim dividend. The shipping services firm said pre-tax profit fell to £9.0m for the half year to June 30th from £14.5m a year earlier. Pre-ta
Read moreTuesday tips round-up: Clarkson, Ladbrokes, Fresnillo
16th Apr 2013 06:58
A recovery in the world shipping market is at hand? Actually, no, it is in the doldrums, or that at least is the general perception. In fact, the ClarkSea index - which typically tracks the broking profits of ship broker Clarkson - is at a two decade low. Nevertheless, the company has been taking co
Read moreMonday broker round-up UPDATE
15th Apr 2013 09:50
African Barrick Gold: Citigroup cuts target price from 267p to 175p and keeps its sell recommendation. African Minerals: Goldman Sachs lowers target price from 420p to 410p keeping a buy recommendation. Citigroup moves target price from 440p to 430p and retains a buy recommendation. Anglo American
Read moreThursday broker round-up UPDATE
14th Mar 2013 07:11
Amara Mining: After having been under review, Cantor Fitzgerald reinitiates coverage with a price target of 81p and a buy recommendation. Antofagasta: Citigroup shifts target price from 990p to 1000p, but retains its sell recommendation. Ashtead Group: Investec raises target price from 475p to 700
Read moreFriday broker round-up UPDATE
8th Mar 2013 07:42
Advanced Computer Software Group: Canaccord Genuity raises target price from 80p to 108p and reiterates a buy recommendation. Aggreko: Jefferies raises target price from 2000p to 2200p keeping its buy recommendation. Cantor Fitzgerald takes target price from 2020p to 2200p and stays with its buy re
Read moreClarkson sticks with trading estimates
4th Jan 2013 08:42
Ship broker Clarkson said that since its interim management statement at the start of November, when it issued a profit warning, trading had continued in line with expectations. The two line update gave no other detail than full year results to the end of December are due on 7th March. Last Novemb
Read moreThursday broker round-up UPDATE
29th Nov 2012 07:27
Aberdeen Asset Management: Morgan Stanley raises target price from 365p to 375p; keeping an overweight rating. ASOS: Societe Generale raises target price from 2500p to 2530p and reiterates its hold recommendation. Babcock International: UBS downgrades from buy to neutral. Barratt Developments: HS
Read moreClarkson sails into stormy seas
7th Nov 2012 08:38
Ship broker Clarkson fell on Wednesday morning following a profits warning, which it blamed on global economic uncertainty reflected in reduced freight rates and lower asset prices. In a trading update, the company commented: "The short-term outlook for rates and values is uncertain, with demand/s
Read moreFriday broker round-up
24th Aug 2012 09:34
African Minerals: Jefferies cuts target from 800p to 550p, buy rating kept. Anglo American: Jefferies downgrades from buy to hold, 2,200p target kept. Ashmore: Citigroup downgrades to sell, target cut from 305p to 300p. Berendsen: Investec maintains buy rating and 570p target; Seymour Pierce down
Read moreClarkson all at sea as freight rates fall
22nd Aug 2012 08:38
Shipping services firm Clarkson has seen profits fall sharply as the global economic slowdown has left too many ships with too few goods to transport. Clarkson delivered revenues of £88.0m in the first six months of 2012, against £88.6m in the same period of 2011, but underlying profit before tax w
Read moreSector movers: Metals/mining stocks tumble after FOMC statement
4th Apr 2012 15:55
The industrial metals and mining stocks were the worst performers of the day on Wednesday as commodity prices took a tumble on the back of comments from the US central bank. Last night's minutes from the latest meeting of the Federal Open Market Committee showed that members had become less incline
Read moreFriday tips round-up: Morrisons, Balfour Beatty, Clarkson...
9th Mar 2012 06:52
In the Telegraph the Questor column hands out a rather brutal judgement on supermarket chain Morrisons. It's got an enthusiastic Chief Executive, is experimenting with convenience store formats and has launched lots of new ranges but its market share is still around 12.2%. To make matters worse the
Read moreSector movers: Mondi rises ahead of update
28th Oct 2011 16:20
The forestry and paper sector was rising higher on Friday with FTSE 250 paper and packaging firm Mondi making moderate gains. The company, which employs 29,000 employees and managed 2.41m hectares of land, is due to release its third quarter interim management statement on Monday. Shares were hig
Read moreSector movers: Torotrak lifts auto stocks higher
13th Apr 2011 12:51
Vehicle transmission group Torotrak is providing a lift to the automobiles and parts sector, with shares climbing 17%. The firm revealed Wednesday that it has signed a licensing agreement totalling £8m with its largest shareholder, US-based peer Allison Transmission. Engineering giant GKN is among
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