Friday broker round-up UPDATE
18th Jul 2014 07:55
Barclays: Credit Suisse cuts target price from 275p to 235p retaining a neutral rating. Barratt Developments: Liberum Capital reduces target price from 468p to 387p and downgrades to hold. Bellway: Liberum Capital reduces target price from 1900p to 1764p, while leaving its buy recommendation uncha
Read moreThursday broker round-up UPDATE
17th Jul 2014 11:07
Antofagasta: Canaccord Genuity cuts target price from 870p to 835p and maintains a hold recommendation. African Minerals: Canaccord Genuity reduces target price from 230p to 170p and keeps a buy recommendation. Ashmore Group: Goldman Sachs downgrades to neutral with a target price of 430p. Barcla
Read moreTuesday broker round-up UPDATE
15th Jul 2014 08:53
Admiral Group: Numis moves target price from 1710p to 1720p, while downgrading from buy to add. African Barrick Gold: UBS initiates with a target price of 260p and a buy recommendation. Ashtead Group: Berenberg initiates with a target price of 1110p and a buy recommendation. British American Taba
Read moreFTSE 250 movers: Drax rises after High Court ruling
14th Jul 2014 14:35
Shares in energy company Drax Group got a lift today after a High Court ruled in favour of its power station unit subsidies. Following the government's announcement in April that Drax's second unit conversion was no longer eligible for an investment contract under the Final Investment Decision Enabl
Read moreDrax climbs on High Court decision
14th Jul 2014 13:51
Shares in energy company Drax Group got a lift on Monday after a High Court ruled in favour of its power station unit subsidies. Following the government's announcement in April that Drax's second unit conversion was no longer eligible for an investment contract under the Final Investment Decision
Read moreFTSE 250 movers: Ocado continues higher as Balfour sinks
3rd Jul 2014 14:42
Online grocer Ocado continued to rebound from Tuesday's heavy sell off which came on the back of an underwhelming set of interim results on Tuesday. Drax Group was lifted by Credit Suisse, which upgraded the stock from 'neutral' to 'outperform', and increased its target from 695p to 750p. Meanwhil
Read moreSector movers: Electricity and utility stocks lead the rise
2nd Jul 2014 15:30
Negative headlines failed to stop electricity and utility stocks from advancing on Wednesday. One week after regulator Ofgem referred the energy market for a full competition investigation to rebuild consumer trust, investors were largely shrugging off the news of new mis-selling scandals and devel
Read moreEnergy competition probe an opportunity to "restore investor trust", says Investec
27th Jun 2014 12:59
Investec has said it was not surprised by Ofgem's move to refer the UK energy market for a full competition investigation, saying it should be a positive for the industry. The broker said its view on stocks in the sector remains unchanged despite the developments, as it kept 'buy' ratings on Drax a
Read moreBroker tips: Energy stocks, Housebuilders, Meggitt
27th Jun 2014 12:23
Investec has said it was not surprised by Ofgem's move to refer the UK energy market for a full competition investigation, saying it should be a positive for the industry. "We believe this is an opportunity to restore investor trust in an important part of the GB energy market, which has recently b
Read moreSunday share tips: Debenhams, Johnston Press, Carpetright
22nd Jun 2014 14:13
Steer clear of shares in Debenhams, Questor advised in the Sunday Telegraph. There was no repeat of the December 31st profit warning when the department store group published its trading statement on June 20th. Trading was in line with expectations. But Debenhams has damaged its brand by repeatedly
Read moreMorgan Stanley screens say sell CRH, JD Wetherspoon and many others
10th Jun 2014 15:41
Morgan Stanley has put out a note compiling a list of stocks that its stock screens suggested were worthy of selling, including building materials group CRH and pub operator JD Wetherspoon. The note, entitled 'Stock screens suggest selling small caps', contains the latest in the broker's regular s
Read moreThursday broker round-up UPDATE
15th May 2014 09:43
Anglo American: Credit Suisse ups target price from 1800p to 1850p downgrading to neutral. ASOS: Berenberg initiates with a target price of 5350p and a buy recommendation. Barclays: Jefferies lowers target price from 345p to 325p, while staying with its buy recommendation. Bioquell: N+1 Singer pl
Read moreMonday broker round-up UPDATE
12th May 2014 10:06
Atkins (WS): Numis upgrades from add to buy with a target price of 1650p. Barclays: Credit Suisse moves target price from 260p to 275p and retains a neutral rating. Brit: Numis initiates with a target price of 290p and a buy recommendation. British Sky Broadcasting: JP Morgan raises target price
Read moreSunday share tips: easyJet, Drax, Congyar
11th May 2014 12:54
Buy shares of easyJet, the Sunday Times's Danny Fortson advised in his Inside the City column. Rival budget airline Ryanair is playing catch-up on the service front but easyJet has already gone up-market by making life easier for passengers and easyJet only competes with its Irish rival on about 5%
Read moreDrax warns on profit as wind power rises
9th May 2014 08:59
Power station operator Drax blamed competition from wind power and mild weather for a profit warning and said it was suing the British government over refusal of subsidies. Drax said power prices had fallen further since its annual results in February, with mild weather across Europe resulting in w
Read more