HSBC upgrades recruiters on likely inflation boost
21st Nov 2016 10:23
(ShareCast News) - HSBC upgraded staffing groups Page, Hays and SThree to 'buy' ratings as the sector is seen as a key beneficiary of impending inflation. Trading down at the low end of where they would expect to be in the cycle compared to industrial stocks, HSBC said recruiters are cheaper relativ
Read moreWednesday broker round-up
19th Oct 2016 12:06
(ShareCast News) - B&M European value retail: Goldman Sachs keeps at buy with a target price of 274p. Zoopla: Berenberg reiterates buy, 400p target. Bellway: Jefferies keeps at buy with a 2857p target. IAG: Credit Suisse upgrades to outperform with a 469p target. British American Tobacco: JP Morg
Read moreHays Q1 net fee income rises but UK hit by Brexit vote
18th Oct 2016 07:43
(ShareCast News) - FTSE 250 recruiter Hays reported growth in net fee income for the first quarter as a strong performance in Asia Pacific and Continental Europe & Rest of world offset declines in the UK and Ireland market. In the quarter to the end of September, total net fee income was up 17% on t
Read moreBroker tips: easyJet, DS Smith, Hays
7th Oct 2016 10:48
(ShareCast News) - Bank of America Merrill Lynch downgraded low-cost carrier easyJet to 'neutral' from 'buy' and cut the price target to 1,050p from 1,300p given the increasing lack of visibility on pricing. Merrill reckoned the shares have limited upside potential until there is capacity constraint
Read moreUBS downgrades Hays on valuation
7th Oct 2016 07:50
(ShareCast News) - UBS downgraded Hays to 'neutral' from 'buy' saying the risk/reward is now more balanced, but lifted the price target to 140p from 130p as it upped estimates slightly due to FX. The bank pointed out that the good news has now passed, saying UK macroeconomic data has rebounded, conc
Read moreBroker tips: Lloyds, InterContinental Hotels, Hays
26th Sep 2016 16:58
(ShareCast News) - Goldman Sachs cut its stance on Lloyds Banking Group to 'sell' from 'neutral' and trimmed the price target 6% to 50p as it pointed to increased competition and low rates. GS pointed out that Lloyds saw a market decline in new business share in the first half of this year, which le
Read moreRBC Capital downgrades Hays to 'sector perform'
26th Sep 2016 07:33
(ShareCast News) - RBC Capital Markets downgraded recruiter Hays to 'sector perform' from 'outperform' as the stock has performed well and is now near its 140p price target. It pointed out that the stock has enjoyed a nice bounce and is one of the better-performing staffers year-to-date. Still, it
Read moreFriday broker round-up
2nd Sep 2016 19:04
(ShareCast News) - Pearson: JP Morgan reiterates neutral with a target price of 940p. Vodafone: UBS maintains buy with a 310p target. Glaxosmithkline: UBS keeps at neutral with a 1650p target. GKN: Canaccord reiterates buy with a 370p target. Legal & General: Macquarie keeps at neutral with a tar
Read moreBroker tips: Vodafone, Hays, BT Group
2nd Sep 2016 10:07
(ShareCast News) - UBS reiterated a 'buy' rating on Vodafone and left its target price unchanged at 310p on Friday. Vodafone and Liberty Group have received conditional clearance from the European Commission for the merger of their Dutch assets. UBS said it believes investor focus is now switching b
Read moreCredit Suisse ups Hays to 'neutral'
2nd Sep 2016 08:25
(ShareCast News) - Credit Suisse upgraded recruiter Hays to 'neutral' from 'underperform' and lifted the price target to 125p from 100p. "We expect that the UK market will be challenging through FY17E but this should be offset by FX tailwinds and like for like profit growth in its other operations."
Read moreHays full-year profit, net fee income up
1st Sep 2016 07:32
(ShareCast News) - FTSE 250 recruiter Hays reported a rise in profit for the year to the end of June as net fee grew and the company said it was too early to gauge how Brexit will affect the business. Net fee income rose to £810.3m from £764.2m, with operating profit up 10% to £181m and pre-tax prof
Read moreThursday preview: Hays reports full year results
31st Aug 2016 12:24
(ShareCast News) - Hays reports its full year results on Thursday with analysts expecting the recruitment giant to report an increase in earnings following a strong fourth quarter trading update. At the fourth quarter trading update on 14 July, the company reported a like-for-like 8% increase in net
Read moreSector movers: Support services firms get boost from UBS
15th Jul 2016 17:37
(ShareCast News) - The Footsie closed higher for a fourth consecutive week for a cumulative 5% gain since the EU referendum vote, albeit wih defensive issues pacing gains in the form of advances for tobacco and pharmaceuticals. "More defensive sectors have led the way, showing that safety and yield
Read moreHays expects FY operating profit ahead of market views
14th Jul 2016 07:58
(ShareCast News) - Hays surged on Thursday after saying it expects full-year operating profit to be ahead of current market estimates at around £180m. For the three months ended 30 June, the FTSE 250 recruitment firm reported total net fee growth of 12% on a headline basis, with like-for-like growth
Read moreFriday newspaper share tips: Rio Tinto, Hays, PageGroup
1st Jul 2016 11:18
(ShareCast News) - Investors in Rio Tinto need not worry about yesterday´s unexpected change of control in Mongolia´s parliament, the Financial Times´s Lex column said. The opposition Mongolian People´s Party won control of the chamber by a landslide vote, prompting some to worry given that one of t
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