Broker tips: G4S, Cairn, 888
29th Aug 2012 12:28
Jefferies has reduced its target price for security group G4S from 285p to 275p and maintained its 'hold' rating, saying that reputational repair following the Olympics contract issues could take some time. "Rehabilitation from Olympics issues is likely to take some time and we suspect G4S's valuat
Read moreBroker snap: Cairn's on the right track, says UBS
29th Aug 2012 12:27
UBS has maintained its 'neutral' rating for oil giant Cairn Energy, saying that while the company is going in the right direction, there's still 'some way to go'. "Following Cairn's 1H we feel the company is now well on the way to having the foundations for becoming a full cycle E&P with exposures
Read moreWednesday broker round-up -UPDATE
29th Aug 2012 09:38
888 Holdings: Investec upgrades from sell to buy target hiked from 18p to 95p. Advanced Medical Solutions: Singer Capital Markets upgrades to buy, target lifted from 80p to 82p. AstraZeneca: AlphaValue downgrades to reduce. Bunzl: Jefferies raises target from 835p to 860p, underperform rating kep
Read moreFTSE 250 movers: Chemring in bottom spot after profit warning
28th Aug 2012 16:01
Defence contractor Chemring dropped after it issued a profits warning, saying a computer glitch and production delays are likely to wipe 15m pounds off full-year earnings as it considers a takeover offer from private equity giant Carlyle. Heading the other way was chemicals group Yule Catto after
Read moreBroker snap: Action-packed year ahead for E&Ps, says Credit Suisse
28th Aug 2012 09:56
Credit Suisse has highlighted Ophir Energy as its focus list stock in its sector review of oil and gas explorers and producers (E and Ps). "We continue to favour select E&P names in Europe. The emphasis is on the 'E' that provides for uncorrelated returns via the drillbit, as activity looks set to
Read moreTuesday broker round-up
28th Aug 2012 08:19
Afren: Credit Suisse downgrades to neutral, target cut from 185p to 170p. BHP Billiton: Morgan Stanley cuts target from 2,280p to 2,180p, overweight rating kept. Bunzl: Seymour Pierce raises target from 1,000p to 1,055p, hold recommendation maintained. Cairn Energy: Credit Suisse cuts target from
Read moreCairn Energy buys half-share in Moroccan block
28th Aug 2012 07:58
Oil and gas explorer Cairn Energy is to acquire a half-share in the Foum Draa block in Morocco, diluting the stakes of San Leon Energy, Serica Energy, Longreach Oil and Gas Ventures. Cairn will pay its equity interest share of past costs and the first $60m towards the costs of an exploration well,
Read moreFriday broker round-up
3rd Aug 2012 08:17
Avanti Communications: Jefferies maintains buy rating and 600p target. BAE Systems: BarCap cuts target from 380p to 370p, equal weight rating kept. Cairn Energy: AlphaValue downgrades to sell. FlyBe: HSBC initiates coverage with overweight rating and 90p target. Hammerson: Credit Suisse lifts ta
Read moreCairn reports on dry well
1st Aug 2012 10:56
Edinburgh-based oil and gas giant Cairn Energy said a North Sea well in which it has a minority interest has been abandoned. The firm said that Wintershall Norge AS, operator of production licence 370, had completed drilling of wildcat well 33/6-4, which was found to be dry. Cairn has a 30% intere
Read moreLondon open: Stocks jump on summit developments
29th Jun 2012 08:45
- EU leaders make break-through agreements - FSA reveals another banking scandal - Banks rise after yesterday's sell-off The FTSE 100 surged in early trading on Friday on the back of developments at the EU summit after European leaders issued a joint statement after the first day of discussions. L
Read moreCairn Energy trims stake in Cairn India
29th Jun 2012 07:53
Edinburgh-based oil and gas giant Cairn Energy has sold a 3.5 per cent interest in Cairn India, the group announced on Friday. Cairn said that shareholders authorised the board at its general meeting in May to dispose of all or part of its residual interest in its Indian oil subsidiary. It has com
Read moreTuesday broker round-up
26th Jun 2012 09:38
Advanced Medical Solutions: Peel Hunt upgrades to buy. Cairn Energy: UBS cuts target from 365p to 275p, neutral rating kept. Carnival: Jefferies maintains buy recommendation and 2,400p target. Carpetright: Peel Hunt keeps hold rating and 600p target. Cookson: Exane BNP Paribas cuts target from 7
Read moreBroker tips: Carnival, Polymetal, Tower Resources...
25th Jun 2012 11:26
Investec has labelled cruise operator Carnival as a 'key sector pick', saying that the recent dip in the share price should be used as a buying opportunity; the target price is lifted from 2,500p to 3,000p. "We advise utilising Friday's drop to invest in our sector key pick, with the group having:
Read moreBroker snap: Jefferies downgrades Tower and Cove
25th Jun 2012 11:23
Jefferies has downgraded its ratings for both Tower Resources and Cove Energy as part of its review of the oil and gas exploration and production sector. "We continue to favour E&Ps with high quality exploration with near-term exploration catalysts. We believe oil prices should stabilise as Saudi A
Read moreBroker tips: Cairn, Mulberry, WS Atkins
14th Jun 2012 17:47
Credit Suisse reacted to Cairn Energy's agreed bid for Nautical Petroleum by cutting its target price for the Scottish oil behemoth. "We maintain our Neutral rating on Cairn Energy and reduce our target price to 362p from 400p to account for the acquisition and current mark-to-market of its Cairn I
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