Wednesday newspaper share tips: Premier Farnell and FirstGroup
15th Jun 2016 13:50
(ShareCast News) - Premier Farnell shareholders should accept a decent price for a fading business, opines the Financial Times' Lex column after yesterday's recommended bid by Daetwyler. The Leeds-based outfit made most of its money by distributing electronic components and rivalry in the market has
Read moreThursday broker round-up
26th May 2016 15:53
(ShareCast News) - Great Portland States: Jefferies downgrades to underperform with a 650p target. Electrocomponents: RBC upgrates to sector perform with a 270p target. Marks & Spencer: Jefferies downgrades to underperform with a target price of 300p, Exane BNP Paribas downgrades to underperform wi
Read moreFTSE 250 movers: Ibstock retreats as Pets at Home accelerates
26th May 2016 14:30
(ShareCast News) - The FTSE 250 slipped further into the red late as Thursday wore on, despite having peeped its head above water around midday. Leading the index lower, shares in Ibstock subsided as the brick maker reported a slow start to the year for its UK clay business had lasted four months b
Read moreRBC upgrades Electrocomponents on improvement potential
26th May 2016 10:55
(ShareCast News) - RBC Capital Markets upgraded Electrocomponents to 'sector perform' from 'underperform' and lifted the price target to 270p from 185p, saying downside is limited. The Canadian bank pointed out that full-year results were around 3% ahead of its forecasts, with a better performance o
Read moreBroker tips: Barclays, Melrose, Electrocomponents
26th May 2016 08:23
(ShareCast News) - Exane BNP Paribas upgraded Barclays to 'outperform' from 'neutral' and lifted the price target 19% to 220p, having already upped the stock two weeks ago, saying things were looking brighter and the fog is lifting. Exane said Barclays' decision to cut the dividend and sell the Afri
Read moreElectrocomponents profits fall but new year trading positive
19th May 2016 10:29
(ShareCast News) - Distribution group Electrocomponents said full-year pre-tax profits fell 63.7% to £34.9m due to an exceptional restructuring charge of £41.9m, although it added that underlying sales growth in the first six months of the new year had risen 3.5%. Revenues were up 2% to £1.3bn. UK r
Read moreWednesday broker round-up
6th Apr 2016 14:37
(ShareCast News) - Electrocomponents: Credit Suisse upgrades to neutral with a target price of 250p. Telecom Plus: Berenberg Bank downgrades to hold, 250p target. Informa: Berenberg Bank maintains hold with a target price of 725p. ITV: Credit Suisse reiterates outperform with a target price of 310
Read moreBroker tips: Electrocomponents, Tesco, Serco
5th Apr 2016 15:49
(ShareCast News) - Electrocomponents rallied as Numis upgraded its price target to 295p from 275p and reiterated its 'buy' rating on Monday following a trading update. The company said it expected full year profits to hit the top end of market expectations after a solid fourth quarter in which the U
Read moreNumis lifts Electrocomponents target price
5th Apr 2016 10:03
(ShareCast News) - Electrocomponents rallied as Numis upgraded its price target to 295p from 275p and reiterated its 'buy' rating on Monday following a trading update. The company said it expected full year profits to hit the top end of market expectations after a solid fourth quarter in which the U
Read moreLondon pre-open: Stocks seen lower on weak US and Asian cues
5th Apr 2016 07:28
(ShareCast News) - London stocks were set for a weaker open on Tuesday, taking their cue from downbeat US and Asian sessions. The FTSE 100 was seen opening 21 points lower than Monday's close at 6,141. Meanwhile, oil was is expected to stay under pressure. "Oil is likely to remain volatile though
Read moreElectrocomponents profits to hit top end of forecast range
5th Apr 2016 07:04
(ShareCast News) - Electrocomponents said it expected full year profits to hit the top end of market expectations, following a solid fourth quarter in which the UK recovery gained pace. Encouragingly, third-quarter declines in North America eased off and continental Europe remained on the charge to
Read moreRupert Soames retiring from Electrocomponents board
31st Mar 2016 08:27
(ShareCast News) - Electrocomponents announced the retirement of Rupert Soames as non-executive director on Thursday. The FTSE 250 company said Soames had served on the board for nine years. It confirmed he was stepping down after the next Annual General Meeting. "The board would like to express i
Read moreDirector dealing: Paddy Power co-founder cashes in some shares
14th Mar 2016 14:49
(ShareCast News) - Directors in the newly merged Paddy Power Betfair (PPB) continue to take profits after the sealing of the deal. Following the sale by group chief executive Breon Corcoran last week, Paddy Power co-founder Stewart Kenny pocketed almost €2.6m after selling 27,000 shares at €120.38
Read moreHSBC upgrades Electrocomponents, sees more value at Premier Farnell
17th Feb 2016 13:42
(ShareCast News) - HSBC upgraded Electrocomponents to 'buy' and reiterated the same recommendation on fellow electronic distributor Premier Farnell, though it acknowledged the trading environment will continue to be weak in the short run. Electrocomponents, lifted from its prior 'hold' rating, was g
Read moreElectrocomponents on track for cost savings as it reports mixed trading
10th Feb 2016 08:30
(ShareCast News) - Electrocomponents said underlying sales grew 2% in the four months to the end of January amid a mixed performance, and the company remains on track to deliver its targeted £25m annualised savings. In a trading update for 1 October 2015 to 31 January 2016, the electronic products d
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