Friday broker round-up UPDATE
24th Jan 2014 08:35
Aberdeen Asset Management: Morgan Stanley reduces target price from 492p to 393p and downgrades from equal-weight to underweight. Afren: Morgan Stanley moves target price from 210p to 220p retaining an overweight rating. Ashmore Group: Morgan Stanley cuts target price from 410p to 365p and reitera
Read moreMonday broker round-up UPDATE
13th Jan 2014 09:04
Admiral Group: Citi ups target price from 1220p to 1256p and reiterates a neutral rating. Afren: Nomura increases target price from 170p to 210p and stays with its neutral rating. Alternative Networks: Westhouse Securities increases target price from 445p to 540p reiterating its add rating. Amlin
Read moreIntercontinental Hotels sells New York Barclay for 240m dollars
19th Dec 2013 15:39
InterContinental Hotels (IHG) is selling most of its stake in the InterContinental New York Barclay for 240m dollars. IHG, which also has the Holiday Inn and Crowne Plaza chains, is selling 80% of the hotel to Constellation Hotels in a joint venture, with IHG keeping the rest. The pair have agreed
Read moreInterContinental Hotels Group's CFO resigns
6th Dec 2013 11:06
InterContinental Hotels Group (IHG) has announced Chief Financial Officer (CFO) Tom Singer will step down from the board and his role on January 1st, 2014. Singer will be replaced by Paul Edgecliffe-Johnson, who joined IHG in August 2004 and is currently CFO of the company's Europe and Asia, Middle
Read moreBroker tips: Royal Mail, ITV, Diageo, IHG
20th Nov 2013 12:16
UBS has told clients to 'sell' their shares in Royal Mail, saying the postal service is now over-valued. The investment bank, which was one of the lead bookrunners on the £3.3bn privatisation of Royal Mail last month, said the market was far too optimistic about the company's prospects. Nomura h
Read moreBroker snap: No near-term catalyst at IHG, say Jefferies
20th Nov 2013 10:44
The share price of hotel operator InterContinental Hotels Group (IHG) was in the red on Wednesday morning after analysts at Jefferies said that the company's Capital Markets Day (CMD) this week failed to offer a short-term share-price catalyst. The broker maintained its 'hold' rating and 1,770p ta
Read moreWednesday tips round-up: Marks & Spencer, InterContinental Hotels
6th Nov 2013 07:28
Investors have given M&S's new management the benefit of the doubt, pushing the company's shares up to 15 times forecast earnings versus 11 at the start of the year. Yet it will not be until January 9th when investors will know if consumers have followed their lead. That comes as the company invests
Read moreLondon pre-open: Stocks to rise ahead of UK data
5th Nov 2013 07:25
City sources predict the FTSE 100 will open around 16 points higher than yesterday's close of 6,764, with modest gains in the US and a mixed performance across Asia seen overnight. The gains in the US were driven in part by encouraging earnings from the likes of Kellog Co., and saw investors shrug
Read moreIHG delivers 'solid' third quarter but markets mixed
5th Nov 2013 07:12
- RevPAR grows 3.3 per cent - AMEA buoys growth in Q3 - 8,000 rooms added, pipeline strong Holiday Inn and Crowne Plaza operator InterContinental Hotels Group (IHG) said it delivered a 'solid' performance in the third quarter with global revenue per available room (RevPAR) up 3.3 per cent. The com
Read moreBroker snap: InterContinental Hotels Group a 'hold', says Panmure
28th Oct 2013 10:29
InterContinental Hotels Group's shares slumped after Panmure Gordon reiterated a 'hold' rating as the company reported a weaker-than-expected third quarter trading update. Revenue per available room (RevPAR) for its US and Americas brands in the nine months ended September 30th grew 4.5%, driven p
Read moreInterContinental Hotels Group reports nine month growth in RevPAR
28th Oct 2013 08:10
InterContinental Hotels Group on Monday disappointed investors with the news that its revenue per available room (RevPAR) for its US and Americas brands in the nine months ended September 30th grew 4.5 per cent, driven predominantly by a 2.9 per cent increase in rates. For the third quarter ended
Read moreFriday broker round-up UPDATE
11th Oct 2013 08:51
Barratt Developments: Deutsche Bank moves target price from 365p to 391p reiterating its buy recommendation. Bovis Homes Group: Deutsche Bank raises target price from 901p to 1001p and keeps a buy recommendation. Croda International: Liberum Capital downgrades to hold with a target price of 2480p.
Read moreWednesday broker round-up UPDATE
9th Oct 2013 07:57
Air Partner: Liberum Capital initiates with a target price of 555p and a buy recommendation. Alent: Credit Suisse moves target price from 420p to 430p and keeps an outperform rating. AZ Electronic Materials: Credit Suisse revises target price from 350p to 330p, while staying with its neutral ratin
Read moreThursday broker round-up UPDATE
19th Sep 2013 08:20
ASOS: Canaccord Genuity increases target price from 3400p to 6200p and upgrades to buy. Associated British Foods: Jefferies raises target price from 1650p to 1750p and retains a hold recommendation. Barclays: Alphavalue upgrades from add to buy with a target price of 344.20p. BHP Billiton: Nomura
Read moreFTSE 100 movers: Smiths leads risers on special dividend payment
18th Sep 2013 15:16
Engineering firm Smiths Group was the top riser after raising its full-year dividend by four per cent and returning 118m pounds to shareholders by way of a special dividend as annual results came in slightly ahead of analysts' estimates. ARM Holdings was looking up on the back of generally positive
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