Monday broker round-up UPDATE
19th May 2014 07:55
Alent: Numis moves target price from 330p to 340p upgrading to add. AVEVA Group: Westhouse Securities initiates with a target price of 2260p and a buy recommendation. Bovis Homes Group: Deutsche Bank shifts target price from 1039p to 1042p and stays with its buy recommendation. Brown (N) Group: J
Read moreGrafton signs new bank facilities for 'additional headroom'
19th May 2014 07:52
Builders merchanting and DIY group Grafton has signed new five-year revolving credit facilities with its banks. The new facilities, which total £460m, run to May 2019. "The refinancing takes advantage of improved lending conditions and will lead to annualised finance charge savings based on curren
Read moreAG Barr Finance Director reduces stake, Aggreko Executive builds his
13th May 2014 15:23
The wife of Alex Short, the Finance Director of AG Barr, sold 15,000 shares in the group, thereby reducing his holding in the soft drinks group to 37,711. The 610.00p-a-share sale had a total trade value of £91,500. Meanwhile, David Taylor-Smith, an Executive Director of power solutions group Agg
Read moreBroker tips: IAG, Serco, Grafton, Tullett Prebon
9th May 2014 12:39
British Airways and Iberia owner IAG is 'clearly making progress', according to Hargreaves Lansdown Stockbrokers which said that reduced losses in the first quarter were better than forecast. Hargreaves said that hopes of a return to a payment of a dividend "are moving onto the agenda". It added: "
Read moreInvestec upgrades Grafton to 'buy', says premium rating justified
9th May 2014 12:14
Investec has upgraded Grafton Group from 'add' to 'buy' after a 'strong start to the year' by the builders merchant and DIY company. "We continue to believe Grafton's premium rating is justified by its superior growth profile relative to peers," said Analyst Tom Holmes. Grafton, which has operatio
Read moreWeak comparatives give Grafton a boost in Q1
9th May 2014 07:35
Builders merchant and DIY group, Grafton, said it has made a strong start to the year with growth helped by weak comparatives in 2013. The company, which has operations in the UK, Ireland and Belgium, said that demand in its markets "has generally improved, supported by evidence of a continuing rec
Read moreTuesday broker round-up UPDATE
8th Apr 2014 09:18
API Group: Numis lowers target price from 90p to 84p, while upgrading from add to buy. Cranswick: Investec increases target price from 1315p to 1390p retaining its buy recommendation. Daisy Group: FinnCap moves target price from 175p to 185p and retains a hold recommendation. DP World: Nomura rai
Read moreThursday broker round-up UPDATE
6th Mar 2014 09:10
Advanced Medical Solutions: Investec ups target price from 97p to 121p and keeps a buy recommendation. African Barrick Gold: Investec increases target price from 132p to 206p, but still recommends selling. Arcontech: Northland shifts target price from 0.20p to 0.24p and keeps a buy recommendation.
Read moreFTSE 250 movers: Soco Intl leaps after beating own production guidance
5th Mar 2014 15:01
Soco International beat its own 2013 oil and gas production volume guidance, pumping just shy of 17,000 barrels of hydrocarbons per day. Revenues fell 2.2% to $608.1m, with earnings before interest, tax, depreciation, amortisation and a non-cash $92m exploration write-off down 4.7% to $472.9m. Cana
Read moreLondon pre-open: Stocks set for decline despite record US finish
5th Mar 2014 07:18
- Strong finish in US with S&P at record high - FTSE to open lower - Focus on US ADP jobs survey UK stocks are set to open lower today, despite another record performance by the S&P 500 in the US as well as strong gains in Japan overnight. City sources predict the FTSE 100 will open 19 points bel
Read moreGrafton lifts full-year profit as markets improve
5th Mar 2014 07:12
- Full-year underlying profit rises 35 per cent - Improved trading conditions in UK and Ireland - Increases total dividend payment by 21 per cent Irish builders merchants and DIY group Grafton ramped up full-year profit and its dividend payment as trading conditions improved in the UK and Ireland a
Read moreMonday broker round-up UPDATE
3rd Feb 2014 09:18
Advanced Computer Software: Panmure Gordon shifts target price from 132p to 139p and keeps a buy recommendation. AGA Rangemanager: Canaccord Genuity initiates with a target price of 300p and a buy recommendation. Avon Rubber: Canaccord Genuity initiates with a target price of 720p and a hold recom
Read moreGrafton sales rise as economy picks up
9th Jan 2014 08:15
- Lifts annual revenue as trading conditions improve - On course to meet full-year profit in line with guidance - Cautious stance towards 2014 prospects Irish builders merchants and DIY group Grafton said annual revenue increased eight per cent as trading conditions in the UK and Ireland gathered p
Read moreWednesday broker round-up UPDATE
20th Nov 2013 08:46
Afren: Liberum Capital raises target price from 197p to 232p and maintains a buy recommendation. AstraZeneca: Berenberg cuts target price from 3472p to 3430p reiterating a hold recommendation. AVEVA Group: Liberum Capital reduces target price from 2350p to 2250p and keeps its hold recommendation.
Read moreThursday broker round-up UPDATE
31st Oct 2013 08:52
African Barrick Gold: Deutsche Bank ups target price from 145p to 190p and retains its hold recommendation. HSBC takes target price from 170p to 200p keeping a neutral rating. JP Morgan raises target price from 140p to 180p and reiterates a neutral rating. Balfour Beatty: Berenberg increases target
Read more