Broker tips: Easyjet, Serco, Oil stocks
21st Nov 2014 12:26
Broker Liberum has lifted its target price for budget airline Easyjet from 1,650p to 1,725p and repeated its 'buy' recommendation, hailing the company's effort to adapt to an "inflationary world". Analyst Gerald Khoo said while non-fuel unit cost inflation is set to rise, Easyjet's so-called 'lean'
Read moreWesthouse highlights attractive oil stocks that can weather crude-price falls
21st Nov 2014 11:06
Westhouse Securities has called for investors in the oil and gas sector to be a "bit more patient" with oil prices currently rumbling along at multi-year lows, as it highlighted buying opportunities in the sector. Brent crude has now fallen over 25% to $79 a barrel since hitting a high of $115 a bar
Read moreFriday broker round-up:
14th Nov 2014 19:34
TSB Banking: Shore Capital reiterates buy with a target price for 325p. Vernalis: Canaccord Genuity ups target to 66p from 56p and reiterates buy. Aggreko: Panmure Gordon and Investec reiterate hold. Gemfields: Numis initiates coverage with a buy recommendation and 70p target price. Ithaca Energy
Read moreThursday broker round-up UPDATE
6th Nov 2014 10:01
Amec: UBS cuts target price from 1185p to 1150p, while its buy recommendation remains unchanged. Afren: Liberum Capital cuts target price from 121p to 95p and stays with its hold recommendation. Antofagasta: Canaccord cuts target price from 790p to 760p and reiterates a hold recommendation. Associ
Read moreThursday broker round-up UPDATE
16th Oct 2014 08:57
Afren: Investec cuts target price from 195p to 120p and reiterates its hold recommendation. Amerisur Resources: Investec lowers target price from 75p to 65p and maintains a buy recommendation. Antofagasta: UBS upgrades from sell to neutral with a target price of 710p. ARM Holdings: Credit Suisse r
Read moreIthaca Energy sees annual production below hopes
9th Oct 2014 11:08
North Sea oil & gas operator Ithaca Energy forecasts annual production below expectations due to problems at one of its fields. Ithaca said it expected full-year 2014 pro-forma production to be about 12,500 barrels of oil equivalent per day (boepd) after deferring about 1,400 boepd of annualised
Read moreFriday broker round-up UPDATE
15th Aug 2014 09:47
Admiral Group: Berenberg raises target price from 1090p to 1168p, but still recommends selling. Canaccord Genuity reduces target price from 1400p to 1220p keeping a sell recommendation. Centamin: Numis downgrades from buy to hold with a target price of 70p. Direct Line Group: Berenberg shifts targ
Read moreWednesday broker round-up UPDATE
13th Aug 2014 09:55
Caledonia Mining: Numis lowers target price from 100p to 90p retaining a buy recommendation. Chemring Group: Panmure Gordon initiates with a target price of 328p and a buy recommendation. CLS Holdings: Liberum Capital raises target price from 1551p to 1647p and keeps a buy recommendation. CSR: Je
Read moreIthaca Energy swings to first-half loss, but revenues rise
12th Aug 2014 08:31
North Sea-focused oil and gas firm Ithaca Energy said it strengthened its business in the first half but swung to a loss before tax of $2.5m, compared with a profit of $73m the year before. The AIM-listed group reported $199.6m in revenue for the year ended June, slightly higher than last year's $1
Read moreThursday broker round-up UPDATE
7th Aug 2014 09:42
Afren: Oriel cuts target price from 145p to 125p, while upgrading from hold to buy. Canaccord Genuity moves from hold to a speculative buy with a target price of 120p. Aggreko: Morgan Stanley raises target price from 1300p to 1350p, while leaving its underweight rating unaltered. Clinigen: N+1 Sin
Read moreAvanti Comms directors increase company holdings
7th Jul 2014 16:29
Satellite operator Avanti Communications on Monday reported that David Bestwick, its Chief Technology Officer, and Nigel Fox, its Chief Financial Officer, had both increased their holdings in the group. The largest of the purchases was made by Bestwick, who bought 4,000 shares at 250.03p each on F
Read moreIthaca Energy to buy North Sea oil fields
23rd Jun 2014 13:33
Ithaca Energy has agreed to buy interests in three UK North Sea oil fields from Sumitomo Corporation for $170m. The firm will purchase a further 20% interest in the Shell-operated Cook field, bringing its total stake up to 61.346%. The company will also acquire 7.48% in the Shell-operated Pierce
Read moreIthaca Energy unveils promising drilling results at North Sea well
17th Jun 2014 08:15
Oil and gas explorer Ithaca Energy has reported promising drilling results from a North Sea well. Ithaca, which has exploration and production assets in the UK North Sea and Norwegian exploration activities, said its third well in the Stella field, known as B1, had found high-quality sands across a
Read moreIthaca Energy's first quarter profits rise as production grows
13th May 2014 09:54
Ithaca Energy's profit after tax in the first quarter surged to 16.4m dollars from 3.5m dollars the prior year as oil production rose. Average production came to 9,222 barrels of oil equivalent per day (boepd) in the three months ended March 31st 2014, up 50% on the same period last year. The comp
Read moreMonday broker round-up UPDATE
12th May 2014 10:06
Atkins (WS): Numis upgrades from add to buy with a target price of 1650p. Barclays: Credit Suisse moves target price from 260p to 275p and retains a neutral rating. Brit: Numis initiates with a target price of 290p and a buy recommendation. British Sky Broadcasting: JP Morgan raises target price
Read more