Friday broker round-up UPDATE
15th Aug 2014 09:47
Admiral Group: Berenberg raises target price from 1090p to 1168p, but still recommends selling. Canaccord Genuity reduces target price from 1400p to 1220p keeping a sell recommendation. Centamin: Numis downgrades from buy to hold with a target price of 70p. Direct Line Group: Berenberg shifts targ
Read moreSector movers: Admiral drags non-life insurers lower on subdued premiums
13th Aug 2014 15:31
Poorly-received first-half numbers from Admiral were dragging the non-line insurance sector lower on Wednesday, while life insurers were given a boost by Prudential. Admiral's shares were down 6% at 1,365p in afternoon trade after the car insurance group said that turnover in the first half was dow
Read moreFTSE 250 movers: Just Eat extends gains, shares now close to offer price
13th Aug 2014 15:00
The share price of Just Eat pushed even higher on Wednesday after the company said the previous day that profits trebled in the first half. The online takeaway marketplace said pre-tax profit was up 200% to £6m on revenues that jumped by 58% to £69.8m. The newly-listed stock has now jumped over 15
Read moreMonday broker round-up UPDATE
4th Aug 2014 10:10
Afren: Canaccord Genuity reinstates with a target price of 120p and a hold recommendation. Bodycote: N+1 Singer cuts target price from 850p to 835p, while staying with its buy recommendation. BT Group: Berenberg moves target price from 460p to 475p and maintains a buy recommendation. Espirito Sant
Read moreFTSE 250 movers: RPS continues to slide, Direct Line lifted by special divi
1st Aug 2014 14:20
RPS, which provides consultancy services to the natural resources, land and property sectors, continued to fall one day after the group posted a fall in revenue from £280.9m to £279.4m. Broker Jefferies on Friday reduced its target price from 385p to 320p. Hedge fund manager Man Group announced hig
Read moreDirect Line boosts H1 profits and hands out special dividend
1st Aug 2014 10:27
British insurer Direct Line reported higher half-year profits despite bad weather and competitive markets and announced a special dividend. Direct Line, which floated in October 2012 at 175p per share, said group pre-tax profit rose 7.8% to £225.1m in the six months to 30 June despite a 13.1% fall
Read moreDirect Line buys stake in telematics group
8th Jul 2014 15:23
Insurer Direct Line has bought a 15% stake in The Floow, a UK-based telematics service provider working in the insurance market. The Floow has been supplying Direct Line with smartphone applications and telematics data analytics since 2013. Direct Line said The Floow's services help it to price m
Read moreBroker tips: Antofagasta, Direct Line, Supermarkets
4th Jul 2014 12:56
Shares in copper miner Antofagasta were continuing their recent upward trend on Friday after analysts at both Morgan Stanley and UBS cited a lack of near-term negative catalysts. Morgan Stanley upgraded its rating on the stock from 'underweight' to 'equalweight', saying that "negative catalysts [ha
Read moreFriday broker round-up UPDATE
4th Jul 2014 12:12
Antofagasta: Morgan Stanley upgrades from underweight to equal-weight with a target price of 750p. AVEVA: Societe Generale initiates with a target price of 2650p and a buy recommendation. Balfour Beatty: Westhouse Securities cuts target price from 220p to 183p downgrading from neutral to sell. RBC
Read moreCiti upgrades Direct Line on cost-cutting potential
4th Jul 2014 09:36
Citigroup has upped its rating for Direct Line from 'neutral' to 'buy', saying it sees "significant upside" from further cost reductions at the insurance group. The bank has hiked its target price for the stock from 244p to 306p. "We think Direct Line can increasingly use its market-leading positi
Read moreTuesday broker round-up UPDATE
6th May 2014 08:44
Antofagasta: RBC Capital upgrades to buy with a target price of 900p. Barclays: Numis downgrades from add to hold with a target price of 280p. BG Group: Goldman Sachs ups target price from 1500p to 1530p and retains a strong buy recommendation. Britvic: Numis raises target price to 684p and keeps
Read moreDirect Line sticks with guidance despite falling premiums in Q1
2nd May 2014 08:18
Insurer Direct Line reiterated guidance for its combined operating ratio but admitted that premiums fell in the first quarter. Gross written premiums totalled £949.3m in the first three months of the year, down 5.1% at constant currency from the first quarter of 2013, as growth in the Commercial bu
Read moreLondon midday: Stocks move higher as bargain hunters step in
9th Apr 2014 12:10
- UK economy still struggling to rebalance - Motor insurers off as prices drop - Focus to be on Fed meeting minutes techMARK 2,725.84 +1.05% FTSE 100 6,640.60 +0.76% FTSE 250 16,156.11 +0.88% Equities were continuing to move higher at the midday mark, lifted by a decent performance in the US overn
Read moreMonday broker round-up UPDATE
7th Apr 2014 10:19
Abcam: Canaccord Genuity lowers target price from 386p to 375p, while upgrading from sell to hold. Aberbdeen Asset Management: Credit Suisse ups target price from 415p to 440p and stays with its neutral rating. AO World: Jefferies initiates with a target price of 410p and a buy recommendation. JP
Read moreThursday broker round-up UPDATE
3rd Apr 2014 09:05
Associated British Foods: Citi increases target price from 2350p to 3000p, while its neutral rating remains unchanged. Booker Group: Investec shifts target price from 172p to 178p retaining a buy recommendation. BSkyB: HSBC Holdings moves target price from 600p to 610p, while keeping its underweig
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