Clarkson beats full-year targets
10th Mar 2014 07:41
- Annual results ahead of forecasts - Particularly strong December trading - Final dividend increased to 37p from 33p Ship broker Clarkson said full-year pre-tax profit rose by more than a quarter, after particularly strong trading in December and underlined its confidence in future trading with a
Read moreClarkson to exceed full-year expectations
6th Jan 2014 07:59
- Expects to beat full-year forecasts - Particularly strong December trading - Upbeat despite challenging global shipping rates Ship broker Clarkson said it expects its full year results to come in ahead of market expectations after particularly strong trading over December. "The global shipping m
Read moreFriday broker round-up UPDATE
8th Nov 2013 09:21
Abcam: Canaccord Genuity moves target price from 396p to 386p and keeps a sell recommendation. N+1 Singer shifts target price from 450p to 445p downgrading to sell. Aberdeen Asset Management: Jefferies lowers target price from 440p to 430p and reiterates a hold recommendation. Anglo American: Gold
Read moreThursday broker round-up
7th Nov 2013 12:42
Afren: Liberum Capital takes target price from 136p to 197p and upgrades to buy. African Minerals: Liberum Capital cuts target price from 423p to 410p, while staying with its buy recommendation. Canaccord Genuity reduces target price from 400p to 345p leaving its buy recommendation unchanged. Alen
Read moreClarkson acquires offshore oil industry tool supplier
1st Nov 2013 08:18
Shipping services group Clarkson has acquired specialist North Sea oil industry tool supplier Gibb Tools. The Fully Listed group will pay up to £12.7m for its Aberdeen-based acquisition, including an initial £6.2m mostly in cash, with further cash payments in coming months and years. Clarkson sai
Read moreTuesday 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
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