Tuesday broker round-up
31st Jul 2012 09:19
Dignity: N+1 Brewin upgrades to add, target raised from 880p to 950p. Diploma: Jefferies reiterates buy rating and 510p target. Elementis: N+1 Brewin upgrades to buy, target upped from 220p to 230p. EnQuest: HSBC upgrades to overweight, target lifted from 135p to 143p. Faroe Petroleum: Nomura ra
Read moreTuesday tips round-up: Reckitt Benckiser and Hiscox
31st Jul 2012 07:12
Questor, in the Telegraph, is sticking to its guns on consumer goods giant Reckitt Benckiser. The column identified the group as weaker than rival Unilever but is now forced to admit the Chief Executive's plans are going well. The shares trade on 14.4 times earnings and yield 3.6 per cent. The only
Read moreMonday broker round-up
30th Jul 2012 09:03
Anglo American: Jefferies cuts target from 2,950p to 2,200p, buy rating kept. Barclays: Nomura reiterates reduce rating and 210p target. Fidessa: Jefferies keeps hold recommendation and 1,510p target; Merchant Securities maintains buy rating; Investec puts target under review, sell rating kept. G
Read moreMother nature gives Hiscox a break, profits up
30th Jul 2012 07:12
Hiscox, the FTSE 250 speciality insurer, is thanking its lucky stars for a first six months of the year that saw no major catastrophes, allowing it to turn a loss in 2011 to an impressive profit in 2012. The company, which is headquartered in Bermuda, wrote gross premiums totalling £906.4m in the s
Read moreThursday broker round-up
19th Jul 2012 09:43
Afren: JP Morgan Cazenove reiterates overweight. Avocet: Westhouse Securities upgrades to buy. Barclays: Goldman Sachs upgrades to neutral, target cut from 250p to 220p. BG Group: Credit Suisse downgrades from outperform to neutral, target cut from 1,660p to 1,500p. British American Tobacco: Inv
Read moreHiscox sees Syndicate 33 retaining capacity
16th Jul 2012 07:20
Hiscox, the specialist insurance group, says it expects capacity in its Syndicate 33 to remain broadly unchanged in 2013. The company expects the syndicate, in which it holds a 73% share, to underwrite up to £950m. Another syndicate, number 6104, which Hiscox manages solely on behalf of third part
Read moreBroker tips: Barclays, Insurers, Capco
2nd Jul 2012 12:18
Investec has reiterated its 'buy' rating and 240p target price for UK lender Barclays, saying that investors should take full advantage of the stock's recent underperformance. Analyst Ian Gordon from Investec said: "As things stand it is unclear whether Barclays 'successfully' manipulated LIBOR rat
Read moreBroker snap: Jefferies turns cautious on insurers
2nd Jul 2012 10:59
Jefferies has downgraded its rating for insurance group Catlin as part of its review of the Lloyds of London insurance market. "Although forecasts are for a relatively quiet hurricane season this year, the recent strong performance of the London Market insurers warrants some caution. With capital p
Read moreMonday broker round-up
2nd Jul 2012 09:28
Amlin: Jefferies keeps hold rating and 350p target. Avocet Mining: Numis downgrades to hold, target slashed from 230p to 130p; Westhouse Securities downgrades to neutral, target cut from 262p to 102p; JP Morgan Cazenove downgrades to neutral, target cut from 240p to 100p. Barclays: Investec mainta
Read moreLSE boss buys double round of shares
15th Jun 2012 15:56
- Correction: On Wednesday it was incorrectly reported that Wood Group's Chairman had sold shares; it was in fact the Group Chairman who made the sale. Xavier Rolet, the chief executive officer of the London Stock Exchange Group, has had a busy few days, buying two rounds of shares in the same we
Read moreFidessa Chairman tops up after share price tumble
14th Jun 2012 16:11
Shares in Fidessa Group have fallen by almost a pound from 1540p at the end of May, prompting Chairman John Hamer to have a little nibble. Hamer spent £15,631 buying 1,078 shares at 1,450p each, a day after FMR LLC, a part of fund management group Fidelity Investments, said it had reduced its stake
Read moreQuake rates double but premiums down at Hiscox
8th May 2012 07:25
The specialist insurer, Hiscox, claims it has kept some powder dry during the first three months of 2012, after reporting lower income from premiums for the quarter. Total gross written premiums up to the end of March were £450.7m against the £453.5m seen at the same point of 2011 but Hiscox says i
Read moreThursday broker round-up - UPDATE
19th Apr 2012 09:44
Afren: UBS raises target from 150p to 160p, buy rating unchanged. African Barrick Gold: Investec cuts target from 562p to 404p, hold kept. APR Energy: UBS downgrades from neutral to sell, target slashed from 1,110p to 860p. BHP Billiton: Credit Suisse reiterates outperform recommendation and 2,46
Read moreOphir Energy director makes massive sale
2nd Apr 2012 16:18
Rajan Tandon, a Non-Executive Director of FTSE 250 African energy firm Ophir, has ditched 10m shares in the firm, cashing in on the recent surge in its share price. The director sold the shares for 500p for a total of £50m. The sale comes just days after the company's share price leapt on the bac
Read moreWednesday broker round-up - UPDATE
29th Feb 2012 09:11
ITV: Nomura maintains neutral recommendation and 88p target; Prime Markets gives buy rating and 95p target; Peel Hunt ups target from 83p to 88p, hold rating kept. Standard Chartered: Nomura keeps buy rating and 1,800p target. CRH: UBS ups target from 1,150p to 1,300p, neutral rating kept. Schrod
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