Thursday broker round-up UPDATE
19th Jun 2014 08:56
BAE Systems: Westhouse Securities initiates with a target price of 360p and a sell recommendation. Berkeley Group: Deutsche Bank increases target price from 2587p to 2877p retaining a hold recommendation. Jefferies raises target price from 2477p to 2543p and keeps a hold recommendation. BG Group:
Read moreGulf Keystone bids farewell to Finance Director
16th Jun 2014 08:29
Oil and gas explorer Gulf Keystone on Monday announced that its Finance Director, Ewen Ainsowrth, is planning to leave the company with almost immediate effect. The group said the search for his replacement is underway and potential candidates have been identified. In the meantime, Financial Cont
Read moreGulf Keystone Petroleum falls despite upping production forecast
14th May 2014 13:10
Shares in oil and gas group Gulf Keystone fell on Wednesday despite it saying it expects to achieve an increase in production from the Shaikan PF-1 and PF-2 wells. The wells are expected to more than double from current levels of between 15,000-16,000 gross gross barrels of oil per day (bopd) to 40
Read moreTuesday broker round-up UPDATE
13th May 2014 09:08
Aberdeen Asset Management: Espirito Santo ups target price from 514p to 550p maintaining its buy recommendation. Asia Resource Minerals: JP Morgan starts with a target price of 210p and a neutral rating. Babcock International: Credit Suisse initiates with a target price of 1350p and an outperform
Read moreSunday share tips: Associated British Foods, Telford Homes, Gulf Keystone
20th Apr 2014 20:05
Research from Redburn Partners shows that markets have new-found faith in Primark, the retail arm of Associated British Foods. Yet investors may have cause to be wary. The company's stock price has risen by 50 per cent over the last twelve months, in reaction to plans to expand its budget fashion ch
Read moreThursday broker round-up UPDATE
10th Apr 2014 09:23
AMEC: Canaccord Genuity takes target price from 1350p to 1400p and leaves its buy recommendation unaltered. Atkins (WS): Numis ups target price from 1600p to 1650p, while downgrading from buy to add. Burberry: JP Morgan reduces target price from 1600p to 1400p and keeps a neutral rating. Capita G
Read moreGulf Keystone Petroleum reveals working capital shortfall
20th Mar 2014 16:19
Iraq-focused oil explorer Gulf Keystone Petroleum has revealed that under a worst case scenario by January 31st 2015 it may face a maximum shortfall in its working capital requirements of 103m dollars, after which date that amount is expected to decrease. In parallel, and as previously disclosed,
Read moreTuesday broker round-up UPDATE
18th Mar 2014 08:58
Antofagasta: Investec places its target price (prev.: 753p) under review, while leaving its sell recommendation unchanged. Ashtead Group: Credit Suisse raises target price from 1000p to 1100p and stays with its outperform rating. UBS increases target price from 875p to 1020p retaining its buy recom
Read moreMonday broker round-up UPDATE
17th Mar 2014 08:31
Admiral Group: Credit Suisse raises target price from 1340p to 1425p and keeps a neutral rating. African Barrick Gold: Canaccord Genuity ups target price from 315p to 330p and maintains a buy recommendation. Amara Mining: Canaccord Genuity moves target price from 25p to 33p and reiterates its buy
Read moreBroker tips: HSBC, BSkyB, Weir, Perform, Gulf Keystone
14th Mar 2014 12:25
Berenberg has maintained its 'buy' rating on global banking group HSBC, saying that its transformation has gone unrewarded by the market. "We believe HSBC has transformed itself into a bank that is comparable to the one that outperformed its peers and the market between 1992 and 2003. This appears
Read moreCanaccord Genuity lowers Gulf Keystone to 'sell' on Shaikan prospects
14th Mar 2014 10:14
Canaccord Genuity has cut its rating for oil explorer Gulf Keystone Petroleum (GKP) from 'hold' to 'sell' after an audit of its Shaikan project in Iraq found lower-than-expected reserves. The target price has been nearly halved from 195p to just 100p. A first Competent Persons Report (CPR) into GK
Read moreFriday broker round-up UPDATE
14th Mar 2014 09:07
Barclays: Nomura reduces target price from 305p to 285p staying with its buy recommendation. Investec lowers target price from 305p to 295p and keeps its buy recommendation. Ferrexpo: Westhouse Securities increases target price from 190p to 220p and reiterates a buy recommendation. F&C Asset Manag
Read moreGulf Keystone Petroleum reserves fall short of expectations
13th Mar 2014 09:08
Oil producer Gulf Keystone Petroleum disappointed the market with its first third-party reserves and resources report, although management insisted the figures were conservative measures. A first Competent Persons Report (CPR) into the AIM company's assets found it has 12.5bn barrels of gross oil
Read moreGulf Keystone moves to main market from AIM
24th Feb 2014 10:55
Oil and gas company Gulf Keystone Petroleum has unveiled plans to move to the London Stock Exchange's main market from its secondary AIM listing. Gulf Keystone, which has made five finds in four blocks in the Kurdistan region of Iraq, said it expected its shares to start trading on the main market
Read moreTuesday tips round-up: Genel, HomeServe, UBM
14th Jan 2014 07:07
Authorities in Kurdish Iraq on Monday announced that the first oil has flowed through a new pipeline to Turkey. That is a landmark achievement as until recently oil had to be transported out by lorry, no less, with much of it then having to be sold on the local market. The main UK-listed beneficiari
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