Tuesday broker round-up
31st Jul 2012 09:19
Dignity: N+1 Brewin upgrades to add, target raised from 880p to 950p. Diploma: Jefferies reiterates buy rating and 510p target. Elementis: N+1 Brewin upgrades to buy, target upped from 220p to 230p. EnQuest: HSBC upgrades to overweight, target lifted from 135p to 143p. Faroe Petroleum: Nomura ra
Read moreSector movers: Croda, Elementis lift chemicals sector higher
26th Jun 2012 14:23
The chemicals sector was the best performing category on Tuesday afternoon on the back of decent performances by Croda International and Elementis. Croda, the FTSE 100 manufacturer of speciality and oleochemical products, was trading around 2.5% higher after JP Morgan Cazenove upgraded the stock fr
Read moreLondon pre-open: Small rise expected in early trading
26th Jun 2012 07:37
City sources predict the FTSE 100 will open up 12 points from yesterday's close of 5,451 after Monday's declines, which saw the index drop 63 points on the back of comments made by German Chancellor Angela Merkel, who underlined her opposition to the issuing of common euro area bonds. Internationa
Read moreElementis expands LatAm operations
26th Jun 2012 07:22
FTSE 250 chemicals group Elementis has agreed to buy Brazilian coatings additives company Watercryl Quimica, providing a platform for its Specialty Products Division to expand in a fast growing market. Watercryl, which generated sales of $9.3m and EBITDA (earnings before interest, tax, depreciation
Read moreBroker snap: UBS ups estimates for Elementis
27th Apr 2012 11:21
UBS has raised its target price for FTSE 250 chemicals group Elementis after yesterday's strong first-quarter update revealed a 'solid start to the year'. Trading for the first three months of 2012 was ahead of the same period last year, the firm said. This reflected excellent progress in a number
Read moreBroker tips: Shell, BATS, Elementis
27th Apr 2012 11:21
Credit Suisse has highlighted the better-than-expected figures from oil titan Royal Dutch Shell in the first quarter but has maintained its neutral rating and 2,530p target price on the stock, saying that shares are 'not especially cheap in our view'. The broker says that the stock is trading at se
Read moreFriday broker round-up - UPDATE
27th Apr 2012 09:21
AstraZeneca: Credit Suisse maintains underperform rating and 2,600p target. ASOS: HSBC upgrades from neutral to overweight, target cut from 1,900p to 1,780p. Barclays: Nomura reiterates neutral recommendation and 268p target. British American Tobacco: Jefferies maintains buy recommendation and 3,
Read moreLondon close: Whitbread leads the Footsie higher
26th Apr 2012 16:41
- Whitbread up 6pc, Astra down 6pc - Economic data from UK and US comes in mixed - Fed sees growth picking up gradually The Footsie rallied in afternoon trade to finish close to its intraday highs reached in the morning session. Investors had to digest a barrage of company results and trading updat
Read moreFTSE 250 movers: Elementis rising high after trading update
26th Apr 2012 15:08
Chemicals group Elementis was the top performer after saying it is on track to hit full-year earnings forecasts with trading in the first three months of 2012 ahead of the same period last year. Howden Joinery shares also jumped after the company said its UK revenue was up 5.9% in the first 16 wee
Read moreLondon midday: Footsie flat as AstraZeneca provides a drag
26th Apr 2012 11:51
- Footsie flat after strong start - AstraZeneca drops after disappointing first-quarter results - Domestic economic data comes in mixed After a strong rise early on, the FTSE 100 had erased gains to trade broadly flat by lunchtime after a mixed reception to a barrage of company results and trading
Read moreUS sales buoy Elementis
26th Apr 2012 08:55
Chemicals company, Elementis, said it was on track to hit full year earnings forecasts after a good start to the year. Trading for the first three months of 2012 was ahead of the same period last year, the firm said. This reflected excellent progress in a number of key markets, which more than off
Read moreBroker snap: UBS ups forecasts for Elementis
29th Feb 2012 10:17
After having upped its forecasts for Elementis in 2012, UBS has raised its target price for the stock from 185p to 200p and reiterated its buy recommendation. UBS says that the chemicals group's 2011 results were in line with expectations, despite fourth quarter restocking which negatively affected
Read moreWednesday broker round-up - UPDATE
29th Feb 2012 09:11
ITV: Nomura maintains neutral recommendation and 88p target; Prime Markets gives buy rating and 95p target; Peel Hunt ups target from 83p to 88p, hold rating kept. Standard Chartered: Nomura keeps buy rating and 1,800p target. CRH: UBS ups target from 1,150p to 1,300p, neutral rating kept. Schrod
Read moreWednesday tips round up: GKN, Elementis, AZ Electronic Materials...
29th Feb 2012 06:53
Tempus in the Times takes off with aerospace and automobile engineering firm GKN. It announced a decent full year result for its automotive division yesterday and may bid for Volvo's aerospace components business. With a share price of just nine times forward earnings Tempus thinks there may be valu
Read moreElementis reports record earnings
28th Feb 2012 07:50
The chemicals company, Elementis, says it achieved record earnings in 2011 on the back of a storming performance from its Speciality Products division. Group revenues in 2011 were $760.5m compared to $697.4 million in 2010, a growth rate of 9%, or 7% on a constant currency basis. Operating profit,
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