Broker tips: Vodafone, Whitbread, ARM, De La Rue
23rd Oct 2013 12:15
Credit Suisse has hiked its target price for telecoms group Vodafone from 195p to 245p, saying that it sees a 50 per cent probability of a bid from US counterpart AT&T. However, one possible "red line" for the American company could be that a bid may put its own dividend cover at risk, the bank sug
Read moreLondon midday: Markets pull back from five-month high as banks fall
23rd Oct 2013 11:15
Concerns over the Chinese economy and a weak performance by banking stocks halted a nine-day winning streak for UK markets on Wednesday, as investors chose to take profits following a strong run. The FTSE 100 snapped a nine-day winning streak this morning, pulling back from Tuesday's finish of 6,69
Read moreBroker snap: Investec downgrades De La Rue after profit warning
23rd Oct 2013 10:51
Investec has downgraded its rating for banknote printer and ID services group De La Rue from 'add' to 'hold' after the company's profit warning on Wednesday. The broker explained that first-half results should be in line with expectations with operating profits up 18% at £39m after the company made
Read moreWednesday broker round-up UPDATE
23rd Oct 2013 09:28
Abcam: Numis downgrades to add with a target price of 570p. ARM Holdings: Deutsche Bank increases target price from 1080p to 1130p and maintains a buy recommendation. JP Morgan raises target price from 625p to 750p and leaves its neutral rating unaltered. Societe Generale ups target price from 640p
Read moreLondon open: Stocks snap nine-day winning streak
23rd Oct 2013 08:14
Equities pulled back from a five-month high on Wednesday with ex-dividend names weighing on markets in London as traders took a breather following a recent strong run. The FTSE 100 snapped a nine-day winning streak this morning to trade around 0.5% lower than Tuesday's finish of 6,695.66, the index
Read moreDe La Rue issues profit warning after 'challenging' first half
23rd Oct 2013 07:25
Banknote printer and ID solutions firm De La Rue said it will miss its profit guidance this financial year due to 'challenging trading conditions' which resulted in a small dip in revenues in the first half. The company said that operating profits for the 12 months ending March 30th 2014 will be ar
Read moreFriday broker round-up UPDATE
18th Oct 2013 11:47
Aggreko: Jefferies reduces target price from 2000p to 1500p downgrading to hold. Andor Technology: Investec ups target price from 410p to 460p and maintains a buy recommendation. APR Energy: Jefferies ups target price from 1125p to 1300p and upgrades to buy. Bellway: UBS raises target price from
Read moreWednesday broker round-up UPDATE
18th Sep 2013 08:28
African Minerals: Canaccord Genuity reduces target price from 410p to 330p, while its buy recommendation remains unaltered. Amlin: Goldman Sachs moves target price from 405p to 420p and reiterates a neutral rating. Andor Technology: Investec takes target price from 360p to 410p leaving its buy rec
Read moreWednesday broker round-up UPDATE
5th Jun 2013 09:34
Aberdeen Asset Mangement: UBS cuts target price from 520p to 505p, while maintaining its buy recommendation. Alternative Networks: Investec revises target price from 350p to 390p keeping a buy recommendation. API Group: Numis upgrades to add with a target price of 75p. Ashmore Group: UBS lowers t
Read moreTuesday broker round-up UPDATE
4th Jun 2013 07:25
Afren: Goldman Sachs shifts target price from 224p to 221p keeping a buy recommendation. Alent: Goldman Sachs initiates with a target price from 426p and a buy recommendation. Amerisur Resources: Goldman Sachs moves target price from 65p to 82p and stays with its neutral rating. Bahamas Petroleum
Read moreThursday broker round-up UPDATE
30th May 2013 08:19
AMEC: Morgan Stanley reduces target price from 1220p to 1100p and retains an underweight rating. Amlin: JP Morgan takes target price from 360p to 400p maintaining an underweight rating. Brewin Dolphin: Canaccord Genuity raises target price from 230p to 285p and reiterates a buy recommendation. C
Read moreThursday tips round-up: ARM, De La Rue, Enquest
30th May 2013 07:24
Shares of ARM have slid lately. The immediate catalyst has been broker commentary suggesting that the share price of the 'poster child' of Britain's tech sector had overreached, but the real worry is Intel, its arch-rival. Industry 'chatter' indicates that one of ARM's biggest clients - Samsung - ma
Read moreLondon close: Stocks plummet as bond yields rise
29th May 2013 16:38
Financial markets erased yesterday's impressive gains on Wednesday as renewed concerns about the global economy hammered sentiment in London. "In an almost complete reversal of yesterday's price action the bears have reasserted themselves today, overturning the brief return to optimism as European
Read moreLondon midday: Stocks sink as global growth forecasts cut
29th May 2013 11:45
Cuts to global growth forecasts and rising unemployment in economic powerhouse Germany sparked a sell-off on financial markets on Wednesday, as stocks pulled back following the impressive surge the day before. Following a three-day weekend for the UK and US, indices surged on Tuesday on renewed hop
Read moreBroker tips: De La Rue, Bodycote, Michael Page
29th May 2013 11:08
Investec has upgraded its rating for banknote maker De La Rue from 'add' to 'buy' following the company full-year results on Wednesday, with the broker saying that the company is in 'increasingly good shape'. "Reduced visibility in ordering patterns from the group's customers continues to impact, p
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