Monday broker round-up UPDATE
21st Jan 2013 07:02
Abbey Protection: Numis increases target price from 90p to 120p and upgrades to add. Admiral: Goldman Sachs upgrades to buy from neutral, raising its price target to 1500p from 1160p before. Aggreko: Bank of America lowers target price from 2700p to 1950p and downgrades to neutral. Anglo Americ
Read moreThursday broker round-up UPDATE
17th Jan 2013 07:19
African Barrick Gold: Westhouse Securities reduces target price from 335p to 305p, while its sell recommendation is unchanged. Anglo American: Exane cuts target price from 2000p to 1650p and downgrades from neutral to underperform. Antofagasta: Exane ups target price from 1400p to 1500p keeping an
Read moreDrax secures financing for biomass-fuelled electricity generator
20th Dec 2012 13:41
Coal-fired power plant operator Drax has secured committed financing to support the group's transformation into a predominantly biomass-fuelled electricity generator. As of June 30th this year, the group held net cash of £233m. In addition, as Drax has previously announced, it has additional compon
Read moreThursday broker round-up UPDATE
13th Dec 2012 07:22
Advanced Medical Solutions: Investec reduces target price from 93p to 68p and downgrades from buy to hold. Numis downgrades to hold, while maintaining the target price at 165p. Canaccord Genuity moves target price from 93p to 90p and retains a buy recommendation. Anglo American: JP Morgan moves tar
Read moreSector movers: SSE sparks electricity stocks; GKN drags on autos
14th Nov 2012 13:49
Energy supplier SSE was making decent gains on Wednesday afternoon after its well-received first-half results, providing a lift to the electricity sector. The firm posted a 38% jump in profits in the first half as it immediately moved to offset a media storm over its hike in household bills last mo
Read moreFriday broker round-up
26th Oct 2012 10:00
African Barrick Gold: Investec cuts target from 530p to 526p, hold rating kept. APR Energy: UBS cuts target from 600p to 530p, sell rating unchanged; Jefferies cuts target from 850p to 625p, hold rating kept. ASOS: Deutsche Bank downgrades to hold; Nomura ups target from 1,930p to 2,000p, neutral
Read moreFriday newspaper round-up: ECB, Apple, Libor
26th Oct 2012 07:20
Data from the European Central Bank (ECB) show that the tentative rebound in the money supply over the summer may have stalled again in September. The broad M3 gauge -- watched by experts as an early warning signal for the economy a year or so ahead -- shrank by 30bn euros and is now down by 143bn e
Read moreDrax reveals trading conditions have improved
25th Oct 2012 09:51
Drax, which runs a coal-fired power station in North Yorkshire, has cheered investors with news that since its half year results at the end of July, its trading conditions have generally improved, with full year expectations unchanged on the back of a continued good operating performance. However,
Read moreFTSE 250 movers: Spectris leaps on robust Q4 performance
19th Oct 2012 16:28
Spectris saw a robust performance in the final quarter of its financial year and while like-for-like (LFL) sales growth had slowed from the first half, analysts said that this was as expected. The instrumentation and controls company said that reported sales during the last quarter were up 12 per ce
Read moreFriday broker round-up - UPDATE
19th Oct 2012 09:00
Aggreko: Jefferies keeps buy rating and 2,800p target; Seymour Pierce keeps buy rating and 2,500p target; Panmure Gordon cuts target from 2,228p to 2,159p, hold rating unchanged. Alliance Pharma: umps upgrades to buy, target lifted from 32p to 37p. Avacta: Panmure Gordon keeps buy rating and 1.75p
Read moreBroker tips: Hargreaves Services, Drax, WS Atkins
26th Sep 2012 17:14
Analysts at Westhouse Securities have lowered their price target on the shares of mining and logistics group Hargreaves Services following its results for the year to May 2012. These were in line with expectations, but were overshadowed by the discovery of gas leaks at Malty and the consequent poten
Read moreBroker snap: Credit Suisse ups Drax to neutral
26th Sep 2012 16:30
Analysts at Credit Suisse have today taken the decision to upwardly revise their price target and recommendation (to Neutral from Underperform) on shares of power station operator Drax. That as a result of updated estimates for biomass costs and biomass output trajectory, although they add that they
Read moreTuesday broker round-up
11th Sep 2012 09:29
3i Group: Oriel Securities downgrades to hold. AB Foods: HB Markets upgrades to buy. ARM Holdings: UBS raises target from 645p to 750p, buy rating kept. ASOS: Investec upgrades from hold to buy, 2,450p target kept. Bunzl: Goldman Sachs downgrades to sell, target cut from 978p to 965p. Burberry:
Read moreSector movers: SSE lights up electricity stocks after broker upgrade
29th Aug 2012 15:04
Gains for heavyweight utilities group SSE meant that the electricity sector was the best performing category on Wednesday afternoon. The company announced late on that power generation at its Glendoe hydro electric scheme, near Loch Ness, has re-started three years after a rock fall occurred in one
Read moreDrax lowers divi as profits fall in line with expectations
20th Aug 2012 09:49
Drax, which runs a coal-fired power station in North Yorkshire, disappointed its investors on Monday with a reduction in its dividend following a decline in profits which were pressured lower by additional domestic coal and biomass fuel cost pressures. Pre-tax profits were in line with expectation
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