Friday broker round-up
9th Oct 2015 16:28
(ShareCast News) - Ferrexpo: UBS upgrades to neutral, cuts target price to 36.00p. Carillion: Investec Securities downgrades to hold. Target price: 300.00p. Weir Group: RBC Capital Markets downgrades to underperform, bumps down target price to 50.00p. United Utilities Group: Credit Suisse upgrades
Read moreThursday broker round-up
8th Oct 2015 17:33
(ShareCast News) - Tullow Oil: JP Morgan Cazenove upgrades to overweight, cuts target price to 310.00p. Soco International: UBS downgrades to sell, keeps target price at 150.00p. Synthomer: Berenberg Bank starts new coverage with a buy, sets target price at 400.00p. Weir Group: Investec Securities
Read moreBroker tips: Soco International, M&S, UK industrials
8th Oct 2015 13:44
(ShareCast News) - Soco International was under pressure on Thursday after UBS downgraded the stock to 'sell' from 'neutral', keeping the price target at 150p. It said that with the stock having rallied strongly over recent days it is now trading at 1.24x commercial net asset value and on an implied
Read moreInvestec reviews UK industrial stocks; upgrades IMI, downgrades Weir
8th Oct 2015 10:31
(ShareCast News) - Investec took a look at the UK industrials space, upgrading IMI to 'buy' from 'hold', while cutting Spectris to 'hold' from 'buy' and both Vesuvius and Weir to 'sell' from 'hold'. Investec said that for most companies, trading in September will have been weak, not terrible, just w
Read moreJefferies downgrades IMI, Rotork and Oxford Instruments
22nd Sep 2015 14:25
(ShareCast News) - Jefferies downgraded IMI to 'hold' from 'buy' and cut its price target to 1,150p from 1,050p as it took a look at the UK capital goods sector. Jefferies said there is an attractive long-term investment case at IMI, but the near-term outlook for the group still faces challenges fro
Read moreFTSE 250 movers: JD Sports surges on beefed up profit forecast, Moneysupermarket drops as Lewis sells shares
31st Jul 2015 15:12
(ShareCast News) - London's FTSE 250 index was up 0.6% at 17,618.23 at 14:51 BST, with online retailer JD Sports Fashion pacing the advance. Shares in JD Sports Fashion surged after the company said it expects its full-year profit to be 10% ahead of current market forecasts of around £110m, as tradi
Read moreIMI drips lower as fluid market challenges continue
31st Jul 2015 10:25
(ShareCast News) - Sales at IMI, the fluid control engineer, declined more than expected in the first six months of the year, as its markets continued to provide a challenging backdrop, with a tentative warning about full year orders. While the order book remained resilient year-on-year with no sign
Read moreFriday broker round-up
15th May 2015 15:12
SAB Miller: Berenberg reiterates buy and 3,920 price target. IMI: Nomura reiterates reduce stance, lowers target to 1,115p from 1,175p. ITV: Barclays downgrades to equal-weight with 260p target. HSBC: Berenberg reiterates buy and lowers target to 750p from 790p. Hiscox: Canaccord Genuity reiterat
Read moreFriday broker round-up
8th May 2015 10:42
IMI: JP Morgan reiterates overweight. ITV: Westhouse Securities reiterates add and 288p target. Aviva: Canaccord Genuity reiterates buy and 600p target. Randgold Resources: Credit Suisse reiterates neutral and 5,050p target. UBS stays at buy with 5,600p target. Provident Financial: Canaccord Genu
Read moreFTSE 250 movers: Telecity jumps 20% on £2.3bn Equinix offer
7th May 2015 15:26
Despite posting some slightly disappointing first-quarter results, datacentres group Telecity was leading the risers on the FTSE 250 after receiving a takeover offer from Equinix at 1,145p per share in cash and equity. This bid, at a 27% premium to the closing price on Wednesday, values Telecity at
Read moreSocGen cuts IMI price target but remains positive on stock
7th May 2015 15:13
Societe Generale reduced its price target on IMI to 1450p from1550p Thursday to factor in an earnings cut following the company's first quarter results. The bank downgraded its 2015 and 2016 EPS estimates to 74.5p from 81.1p and 84.6p from 92p, respectively, to reflect the first quarter trends, revi
Read moreIMI shares fall as it posts drop in organic revenue; warns on full year
7th May 2015 08:10
Shares in British engineering company IMI fell sharply on Thursday after it reported a 4% drop in first-quarter organic revenue, partly as a result of sterling strength against the euro. It said that market conditions have continued to be challenging and based on the performance year to date, organi
Read moreIMI profits hit by weak European demand and currency headwinds
27th Feb 2015 10:02
Engineer IMI said a strategic review and challenging market conditions weighed on its full year pre-tax profit but said it was already starting to see benefits from its new strategic plan. The FTSE 250 group posted a pre-tax profit of £245.7m in 2014, down 1.44% year-on-year, while revenue fell 2.87
Read moreLondon midday: UK stocks back in the red ahead of Fed meeting
17th Dec 2014 12:18
UK stocks were back in the red on Wednesday after their first gain in seven days the previous session, with investors scaling back risk appetite ahead of a number of risk events. Along with a host of economic data due out during the session, markets were keeping an eye out for minutes for the latest
Read moreLondon open: UK stocks drop early on as investors await risk events
17th Dec 2014 08:21
UK stocks dropped sharply on Wednesday morning as the sell-off resumed ahead of a busy session for global financial markets. The FTSE 100 was down 0.8% at 6,284 early on. The index had jumped 2.4% the previous session, snapping a six-day losing streak, as West Texas Intermediate crude futures rebou
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