Tuesday broker round-up
31st Jan 2017 08:55
(ShareCast News) - Whitbread: HSBC reiterates Buy with a target price of 4800p Ashmore Group: Goldman Sachs reiterates Buy with a target price of 370p. Vodafone: JPMorgan reiterates Overweight with a target price of 193p. Ferrexpo: JPMorgan upgrades to Overweight with a target price of 205p. Virg
Read moreFTSE 250 movers: Miners climb while Nostrum Oil and Gas slips
27th Jan 2017 15:39
(ShareCast News) - The FTSE 250 index rose 0.26% to 18,190.37 in the late afternoon. The UK's largest food wholesale operator Booker Group gained as it reached an agreement to merge with supermarket giant Tesco. Under the terms of the merger, each Booker scheme shareholder would receive 0.861 new Te
Read moreFTSE 250 movers: Halma gets healthy boost; metals stocks down
9th Jan 2017 15:35
(ShareCast News) - The FTSE 250 index was 0.23% higher at 18,384.09 in the late afternoon. Swiss iron ore miner Ferrexpo was in the green after it achieved record sales volumes in 2016, but produced fewer pellets as it focused on reducing its debt. Safety, health and environmental technology group
Read moreFerrexpo hails capital position after record sales volumes
9th Jan 2017 07:13
(ShareCast News) - Swiss iron ore miner Ferrexpo achieved record sales volumes in 2016, but produced fewer pellets as it focused on reducing its debt. The FTSE 250 company, which has assets in Ukraine, said it now enters 2017 with a "much improved capital structure" and expects to benefit from highe
Read moreCredit Suisse shifts preference to Rio Tinto from BHP Billiton
7th Dec 2016 08:59
(ShareCast News) - Credit Suisse upgraded Rio Tinto to 'outperform' from 'neutral' and raised its price target to 3600p from 2750p, while simultaneously bumping down BHP Billiton to 'neutral' from 'outperform' with its price target raised to 1380p from 1300p. Looking into 2017, the bank have switche
Read moreFriday broker round-up
14th Oct 2016 09:46
(ShareCast News) - Acacia: Jefferies keeps at buy with a target price of 610p. Tesco: HSBC reiterates hold, 195p target. Weir: UBS downgrades to neutral with a 1830p target. Sky: HSBC reiterates hold with a 820p target. Playtech: UBS keeps at buy with a 1060p target. Jupiter: JP Morgan keeps at
Read moreFerrexpo shares down as total production decreases
5th Oct 2016 10:30
(ShareCast News) - Ferrexpo posted its third quarter production report on Wednesday, with production in the first nine months of 2016, of 65% Fe pellets, up 3.7% to 7.8 million tonnes. The London-listed firm said 65% Fe premium pellets made up 94% of total production volumes in the year to date, com
Read moreMonday broker round-up
5th Sep 2016 15:25
(ShareCast News) - BAE systems: Goldman Sachs reiterates buy with a target price of 671p. Morrison: Jefferies maintains buy with a 210p target. Compass Group: UBS keeps at neutral with a 1485p target. Rio Tinto: Macquarie reiterates outperform with a 2900p target. Cobham: Goldman Sachs keeps at n
Read moreCredit Suisse and Jefferies weigh in on Ferrexpo
4th Aug 2016 15:02
(ShareCast News) - Analysts at Credit Suisse boosted their target price for Ferrexpo shares sharply higher to reflect the recent rise in iron ore prices and the outfit´s ability to generate cash. Ferrexpo´s break-even price - that at which it begins to make money on the metal it sells - of $35 per m
Read moreSwiss miner Ferrexpo's profits drop despite record sales volumes
3rd Aug 2016 11:49
(ShareCast News) - Iron ore pellet producer Ferrexpo's half year revenues and profits fell despite a rise in sales volumes to record highs. Pre-tax profit was down 36% to $92m in the first half of the financial year, after revenue declined despite an increase in production and sales volumes. For
Read moreCredit Suisse restarts Glencore at outperform, raises target on Anglo American
30th Jun 2016 15:22
(ShareCast News) - Credit Suisse gave the mining sector a boost on Thursday as the broker raised its projections for the average price of some key base base and precious metals, while re-jigging its target prices on a large swathe of the mining space in the process. The outlook continued to be cloud
Read moreFerrexpo shares sag after news of overdue $10m VAT receivable
19th May 2016 12:43
(ShareCast News) - Shares in Ferrexpo were down almost 6% as investors in the the iron-ore pellet producer soured following news it has an overdue $10 million VAT receivable that was due for repayment at end-April. The news came as the group issued a generally chipper trading update for first-quarte
Read moreCantor doubles Ferrexpo target price to 79p
21st Mar 2016 12:38
(ShareCast News) - Cantor Fitzgerald has doubled its target price for Ferrexpo, after recent results from the iron ore pellet producer beat market consensus and the company became the lowest-cost pellet producer in the world. Ferrexpo reported a new production record and that it had preserved its pr
Read moreInvestec downgrades BHP Billiton, Anglo American, Ferrexpo
20th Jan 2016 09:08
(ShareCast News) - Investec cuts its ratings on BHP Billiton, Ferrexpo and Anglo American and slashed its price targets, as it took a look at the mining sector, downgrading its commodity price forecasts. "Current market conditions represent the perfect storm for commodities given that demand is fall
Read moreFerrexpo tumbles as transactional bank goes bankrupt
18th Sep 2015 08:42
(ShareCast News) - Shares in Ferrexpo tumbled on Friday after the iron ore producer with assets in Ukraine said its transactional bank in that country has been declared insolvent. Ferrexpo said Bank F&C had been declared insolvent by its largest shareholder, Kostyantin Zhevago. "The board of Ferrex
Read more