Thursday broker round-up UPDATE
10th Jan 2013 07:10
Afren: Morgan Stanley takes target price from 215p to 220p and reiterates an overweight rating. Alent: Bank of America starts with a target price of 370p and a buy recommendation. Associated British Foods: Goldman Sachs moves its target price from 1160p to 1190p and maintains a sell rating. AVEVA
Read moreBridge Energy finalises agreement with Cairn Energy subsidiary
4th Jan 2013 10:02
AIM-listed Bridge Energy said Friday that through its wholly owned subsidiary, Bridge Energy, it has completed an agreement with Agora Oil & Gas, which is owned by Cairn Energy, and JX Nippon Exploration & Production for the farm-down of a 16.5 per cent working interest in the P1763 Aragon prospect
Read moreBroker tips: Burberry, G4S, Cairn Energy
18th Dec 2012 10:18
Following last week's Burberry management roadshow in New York, Credit Suisse has maintained its 'outperform' rating and 1,430p target price for the luxury brand group. The broker said that the meeting "reinforced our belief that Burberry's brand elevation and leading digital media story remains in
Read moreBroker snap: Cairn has high potential and low risk, says UBS
18th Dec 2012 10:09
Cairn Energy shares were performing well on Tuesday morning, helped by a ratings upgrade by UBS from 'neutral' to 'buy'. The stock has fallen around 12% in the year to date, as UBS explains: "The market usually discounts development projects, and Cairn's early-phase exploration offered limited pote
Read moreTuesday broker round-up UPDATE
18th Dec 2012 07:06
African Minerals: Deutsche Bank cuts target price from 610p to 600p, while its buy recommendation remains unchanged. Aggreko: Morgan Stanley reduces target price from 2230p to 1670p and keeps an equal-weight rating. Anglo American: Deutsche Bank moves target price from 2520p to 2268p, while the bu
Read moreCairn Chairman reduces stake by more than half
13th Dec 2012 16:33
The wife of Cairn Chairman, Sir Bill Gammell, has traded in a large slice of shares, reducing his stake in the oil exploration company to 596,331 shares. Lady Janice Gammell sold the shares at 263.26p earning £1.45m before tax. The Chairman earned a further £260,006 through the sale of another 9
Read moreTuesday broker round-up UPDATE
11th Dec 2012 07:18
Andor Technology: WH Ireland raises target price from 480p to 500p, while maintaining a buy rating. Anglo American: Nomura cuts target price from 2000p to 1800p keeping a neutral rating. Antofagasta: Nomura reduces target price from 1450p to 1400p and downgrades from buy to neutral. Ashtead Group
Read moreWednesday broker round-up UPDATE
5th Dec 2012 07:19
Anglo American: Morgan Stanley reduces target price from 2110p to 1802p and keeps an equal weight rating. Brewin Dolphin Holdings: Peel Hunt raises target price from 185p to 230p and maintains a buy rating. British Sky Broadcasting Group: Nomura raises target price from 950p to 975p and reiterates
Read moreCairn Energy pleased with portfolio progress
18th Oct 2012 08:52
Oil exploration outfit Cairn Energy has said that it is pleased with the progress made this year in re-balancing the portfolio for exploration-led growth. The firm has acquired two operated frontier exploration blocks in Morocco, with the first well targeted in the fourth quarter of 2013, subject t
Read moreGeite prospect comes up dry, Cairn says
15th Oct 2012 15:18
Cairn Energy said a well on the Geite prospect in the North Sea in which it has an interest has come up dry. Det norske oljeselskap, the operator of the exploration well, said triassic reservoir sandstones were encountered in the well, which is located north-west of the Ula field, but without hydro
Read moreMonday broker round-up - UPDATE
8th Oct 2012 08:03
AMEC: Investec keeps buy rating and 1,300p target. Aquarius Platinum: Panmure Gordon keeps buy rating and 163p target. BAE Systems: Societe Generale upgrades to hold, target lifted from 300p to 350p. British American Tobacco: Nomua raises target from 3,500p to 3,506p, buy rating kept. BSkyB: Nom
Read moreFTSE 250 movers: Bumi regains some of Monday's losses
25th Sep 2012 16:09
Mining firm Bumi leapt into the top spot, regaining heavy losses seen on Monday, as investor sentiment returned to more positive territory after its Chief Executive Officer resigned from the role following the launch of a probe into 'irregularities' at its Indoneisan business. Inmarsat rose after
Read moreCairn Energy sells further stake in Cairn India
25th Sep 2012 08:11
Oil exploration outfit Cairn Energy has agreed to sell an eight per cent stake in Cairn India, equal to just over 152.6m shares, the firm has announced. The sale will generate proceeds of around $910m, after costs, which will be used to fund Cairn's ongoing capital requirements, which include the
Read moreCairn Energy to reduce Cairn India stake further
24th Sep 2012 17:11
Oil exploration outfit Cairn Energy is in the process of selling an 8 per cent stake in Cairn India for up to 940m dollars, a source with direct knowledge of the matter has told Reuters. That will be the second such deal in three months to pare holding in its former Indian unit. In June, Cairn Ene
Read moreMonday broker round-up
3rd Sep 2012 09:14
APR Energy: UBS raises target from 590p to 600p, sell rating unchanged. ARM Holdings: Deutsche Bank downgrades to sell, target cut from 465p to 400p. Burberry: Nomura keeps buy rating and 1,450p target. Cairn Energy: BarCap cuts target from 445p to 350p, equal weight rating kept. Computacenter:
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