Tuesday broker round-up
24th Jan 2017 16:16
(ShareCast News) - SSE: Macquarie reiterates outperform with a target price of 1735p. Easyjet: Numis reiterates hold, 1050p target. William Hill: UBS downgrades to sell with a 240p target. Standard Life: UBS downgrades to sell with a 310p target. Beazley: JP Morgan reiterates overweight with a 46
Read moreCitigroup downgrades Essentra after profit warning
24th Jan 2017 10:41
(ShareCast News) - Citigroup downgraded Essentra to 'neutral' from 'buy' and cut the price target to 430p from 500p following the company's third profit warning in the space of a year on Monday. The maker of cigarette filters and plastic packaging cautioned that it expects profit to be below expecta
Read moreEssentra warns profit to be below expectations
23rd Jan 2017 07:15
(ShareCast News) - Essentra, the maker of cigarette filters and plastic packaging, warned that it expects profit will be below expectations due to operational issues at its health and personal care packaging unit. For the 2016 calendar year, the company expects operating profit to be at the bottom
Read moreFriday broker round-up
25th Nov 2016 17:30
(ShareCast News) - Essentra: Jefferies keeps at buy with a target price of 445p. Rio Tinto: HBSC stays at buy 3300p target. Legal & General: Berenberg reiterates buy with a 301p target. Jardine Lloyd Thomson: HSBC reiterates buy with a 1100p target. Diageo: Credit Suisse keeps at outperform with
Read moreTuesday newspaper share tips: Fidelity China Special Situations, Essentra
22nd Nov 2016 14:33
(ShareCast News) - Fidelity China Special Situations rode the wave of Chinese consumption growth higher this year, vindicating the original strategy put in place by Anthony Bolton and is now a buy, according to The Times´s Tempus. Unfortunately, success required that investors remain patient, with t
Read moreFTSE 250 movers: Up day for midcaps led by Rotork, BGEO and Mitie
22nd Nov 2016 13:35
(ShareCast News) - The FTSE 250 index joined the rest of the markets in an up-day on Tuesday, rising 0.93% to just shy of 17,700 by late afternoon led by rises in Rotork, BGEO and Mitie. Leading the rise was actuator maker Rotork as it let markets know that it expected full year sales will be toward
Read moreNumis cuts Essentra to 'add' after profit warning
22nd Nov 2016 10:17
(ShareCast News) - Numis downgraded its stance on Essentra to 'add' from 'buy' and cut the price target to 470p following the company's profit warning on Monday. The brokerage said the profit warning - the second this year - indicates the scale of the challenges facing new chief executive officer Pa
Read moreEssentra warns on profits after China softness and slow synergies
21st Nov 2016 07:18
(ShareCast News) - Essentra has cut its sales and profit guidance for the year due to delays in delivering projects, a "soft" Chinese market and the slow integration of an acquisition. The FTSE 250 plastics company now expects the calendar year will see a 7% like-for-like revenue decline in line wit
Read moreLondon close: Crude prices, policy meetings and Carney weigh on FTSE
31st Oct 2016 15:49
(ShareCast News) - London equities closed down on Monday amid sharply lower crude prices and as the market looks to policy calls from Bank of England and the US Federal Reserve later in the week. BoE issues its policy decision on Thursday, with rates seen unchanged, and its quarterly inflation repor
Read moreEssentra appoints new chief executive
31st Oct 2016 07:49
(ShareCast News) - Essentra has appointed Paul Forman as chief executive to succeed Colin Day, the supplier of plastic and fibre products announced on Monday. Forman will begin at the start of 2017 after Day steps down on 31 December. He joins from industrial thread manufacturer Coats where he has
Read moreSunday newspaper round-up: More 'Nissan' deals, Carney, RBS, HSBC, Capita
30th Oct 2016 14:52
(ShareCast News) - Pharmaceuticals giants want the government to plug a £1bn-a-year funding gap that will be created when Britain leaves the EU, as part of a list of demands being drawn up by big business after last week's deal with Nissan. After the Japanese car maker said it would make two new mod
Read moreEssentra sells Porous Technologies business
25th Aug 2016 08:05
(ShareCast News) - Essentra has signed an agreement to sell its Porous Technologies business to Filtration Group - an affiliate of buyout specialist Madison Industries - in a deal worth £220m. The FTSE 250 supplier of plastic and fibre products said the consideration will payable on completion of th
Read moreMonday broker round-up
1st Aug 2016 09:49
(ShareCast News) - Thomas Cook: Berenberg reiterates hol d with a target price of 60p. Diageo: JP Morgan maintains overweight with a 2400p target. Indivior: Jefferies reiterates buy with a 330p target. Anglo American: HSBC stays at hold with a 930p target. Just Eat: UBS keeps at sell with a targ
Read moreMarket challenges lead Essentra earnings lower
29th Jul 2016 07:42
(ShareCast News) - Essentra posted its first half results for the six months to 30 June on Friday, with revenue broadly unchanged at £545m, although that was a 7% reduction on a like-for-like basis. The FTSE 100 firm saw adjusted operating profit drop 18% at constant currencies to £70m, while its ad
Read moreTuesday broker round-up
19th Jul 2016 12:59
(ShareCast News) - Micro Focus: Barclays reiterates overweight with a target price of 2150p. Aggreko: HSBC maintains reduce with a 900p target. ARM: Citigroup reiterates neutral with a 1700p target. IAG: HSBC reiterates reduce with a 300p target. Pearson: Goldman Sachs reiterates sell with a targ
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