G4S shares lifted as RBC raises target price, reiterates 'outperform'
31st Jan 2017 15:00
(ShareCast News) - G4S shares rose on Tuesday as RBC Capital Markets reiterated an 'outperform' rating and lifted the target price to 310p from 280p, citing higher medium-term cash flow forecasts. "As the group deleverages and starts to demonstrate cash flow improvements, we see significant scope fo
Read moreG4S monitored asylum seekers without consent
24th Jan 2017 16:13
(ShareCast News) - Security company G4S could face legal action from campaigners after revelations that it has breached privacy and data protection laws by filming asylum seekers in their own homes without consent, the Guardian reports. Over 640 of the company's housing and welfare officers working
Read moreThursday broker round-up
19th Jan 2017 16:45
(ShareCast News) - G4S: Barclays upgrades to equal-weight with a target price of 260p. Weir: Credit Suisse reiterates outperform, 2200p target. Coca Cola HBC: Goldman Sachs upgrades to buy with a 2120p target. Diageo: HSBC reiterates buy with a 2600p target. Aveva: Goldman Sachs reiterates sell w
Read moreG4S boosted by Barclays upgrade
19th Jan 2017 09:55
(ShareCast News) - Security services company G4S got a boost after Barclays upped its stance on the stock to 'equalweight' from 'underweight' and hiked the price target to 260p from 160p. The bank said it reckons this year will see a combination of high organic growth, cost savings and balance sheet
Read moreG4S gains on Jefferies upgrade
5th Jan 2017 08:49
(ShareCast News) - G4S shares gained on Thursday after Jefferies upgraded the security services company to 'hold' from 'underperform' and raised the target price to 235p from 160p. Jefferies said while the disposal proceeds from the sale of the group's Utility Services business to First Reserve disa
Read moreG4S reaffirms strong cash flow and debt guidance
6th Dec 2016 08:24
(ShareCast News) - G4S said it expects to generate "substantial" free cash flow in the current calendar year and reiterated its guidance for the year ahead for cutting debt. The FTSE 250 group said its business plan and current performance would support the pledged ratio of net debt to EBITDA ratio
Read moreG4S agrees disposal of Israeli arm
2nd Dec 2016 07:30
(ShareCast News) - G4S has agreed to sell its Israeli arm, G4S Israel, to private equity firm FIMI Opportunity Funds for an estimated net consideration of 425 million new Israeli Sheqel (£88m) in cash. G4S Israel provides manned security and security systems across the country. In the year to 31 Dec
Read moreFriday broker round-up
4th Nov 2016 11:02
(ShareCast News) - Coca Cola HBC: Barclays keeps at underweight with a target price of 1630p. Smith & Nephew: Jefferies stays at buy, 1395p target. Merlin Entertainments: Berenberg starts coverage with a 440p target. South 32: Barclays reiterates overweight with a 200p target. Ladbrokes: UBS keep
Read moreThursday broker round-up
3rd Nov 2016 11:39
(ShareCast News) - IAG: Deutsche Bank keeps at buy with a target price of 540p. Just Eat: Goldman Sachs stays at buy, 760p target. Next: Credit Suisse downgrades to underperform with a 4600p target. G4S: Deutsche Bank upgrades to hold with a 220 with a 3035p target. Cineworld: HBSC starts coverag
Read moreDeutsche Bank upgrades G4S on 'positive' Q3 update
3rd Nov 2016 11:29
(ShareCast News) - G4S rallied for the second day in a row as Deutsche Bank upgraded the stock to 'hold' from 'sell' and lifted the price target to 220p from 180p following the company's "positive" third-quarter update on Wednesday. DB said near-term organic growth and cash flow have been better tha
Read moreG4S wins billions in new contracts
2nd Nov 2016 07:42
(ShareCast News) - Integrated security company G4S updated the market on its progress for the nine months to 30 September on Wednesday, with the group winning new contracts with annual revenues of £1bn and total contract value of £2bn in that period. The FTSE 250 firm said revenues from continuing o
Read moreBroker tips: United Utilities, Prudential, service sector
13th Oct 2016 13:50
(ShareCast News) - United Utilities got a boost on Thursday as Societe Generale upgraded the stock to 'buy' from 'hold', noting that recent share price weakness now implies a total shareholder return of 18%. The stock has underperformed the FTSE 100 by 11% since the 2 October Tory Party conference.
Read moreRBC Capital shifts ratings on business services sector stocks
13th Oct 2016 12:48
(ShareCast News) - RBC Capital Markets initiated coverage of several stocks and changed its recommendations as it took a look at the business services sector. The bank started Ashtead at 'outperform' with a 1,580p price target, saying it sees a robust US market, while the branch rollout and discipli
Read moreMonday broker round-up
10th Oct 2016 13:30
(ShareCast News) - Easyjet: Societe Generale downgrades to sell with a target price of 820p. BP: Barclays reiterates overweight, 600p target. Lloyds: Citigroup keeps at sell with a 48p target. Unilever: Jefferies reiterates hold with a 3530p target. Royal Dutch Shell: Barclays keeps at overweight
Read moreFTSE 250 movers: Opec outperformers offset housing and outsourcing slips
29th Sep 2016 14:59
(ShareCast News) - Oil-related stocks led the FTSE 250 higher on Thursday after Opec's surprise overnight deal, though an initial spike tailed off towards the close. Producer Tullow Oil, which is seen as quite crude-price sensitive, led the leaderboard, while oil investor Riverstone Energy was not f
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