Inchcape ADRs admitted to OTC trading
11th Jan 2017 08:34
(ShareCast News) - Independent multi-brand automotive distributor and retailer Inchcape announced on Wednesday that its American Depositary Receipts had been formally admitted to trading on the over-the-counter platform in the United States, via a sponsored Level I ADR program. The FTSE 250 firm sai
Read moreInchcape accelerates growth in South America with £234m deal
22nd Dec 2016 07:48
(ShareCast News) - Car dealer Inchcape has acquired a distribution business focused on Subaru cars and Hino commercial vehicles in South America for £234m cash. Covering Chile, Colombia, Peru and Argentina, the deal with Indumotora strengthens the FTSE 250 company's existing operations in the region
Read moreInchcape's Q3 revenue rises, gains from weak pound
27th Oct 2016 07:39
(ShareCast News) - Automotive distributor and retailer Inchcape third quarter revenues increased as it benefitted from the weak pound. In a trading update for the quarter ended 30 September, the FTSE 250 company reported that revenue increased by 15.3% to £2.01bn, or 4.8% at constant currency, co
Read moreTuesday broker round-up
31st May 2016 11:56
(ShareCast News) - B&M European Value: Retail HSBC reiterates buy with a 410p target. Zoopla: Jefferies stays at buy with a 430p target. Royal Dutch Shell "a": UBS reiterates buy with a target price of 1950p and HSBC stays at buy with a 2000p target. Ultra Electronic Holdings: JP Morgan reiterates
Read moreFriday broker round-up
27th May 2016 16:29
(ShareCast News) - B&M European Value: Retail Jefferies reiterates buy with a 330p target and Citigroup keeps at buy with a target of 345p. Standard Life: Jefferies stays at buy with a 403p target. United Utilities: JP Morgan reiterates overweight with a target price of 1020p and Exane BNP Paribas
Read moreFTSE 250 movers: Ibstock retreats as Pets at Home accelerates
26th May 2016 14:30
(ShareCast News) - The FTSE 250 slipped further into the red late as Thursday wore on, despite having peeped its head above water around midday. Leading the index lower, shares in Ibstock subsided as the brick maker reported a slow start to the year for its UK clay business had lasted four months b
Read moreInchcape trading in line with expectations
26th May 2016 07:26
(ShareCast News) - FTSE 250 car dealership Inchcape said on Thursday that it has made a good star to the year, in line with its expectations. In a trading update for 1 January to 25 May, the company said group revenue rose 12.8% at actual currency to £2.47bn, or an 11.7% increase at constant currenc
Read moreWednesday broker round-up
13th Apr 2016 15:24
(ShareCast News) - DCC: Exane BNP Paribas downgrades to neutral with a target price of 6200p. Cobham: Barclays upgrades to overweight with a target price of 255p. Bunzl: Exane BNP Paribas upgrades to outperform with a target price of 2275p. Asos: JP Morgan keeps at overweight with a target of 4000
Read moreBroker tips: Cobham, Atkins, Inchcape
13th Apr 2016 13:30
(ShareCast News) - Aerospace and defence firm Cobham got a boost on Wednesday as Barclays upgraded the stock to 'overweight' from 'equalweight' in light of the recent performance. It noted the stock has significantly de-rated since a small profit warning in the third quarter and lacklustre full year
Read moreInchcape races ahead as JP Morgan reiterates 'overweight'
13th Apr 2016 09:53
(ShareCast News) - Inchcape raced ahead after JP Morgan Cazenove reiterated its 'overweight' stance on the stock and added it to its European Analyst Focus List as one of its highest conviction OW calls. JPM said the recent de-rating of the stock was unjustified as it pointed to the fundamentally at
Read moreBroker tips: ARM, Tate & Lyle, Inchcape
1st Apr 2016 15:46
(ShareCast News) - Numis sell-side analysts provided a list of their top picks among large and small cap stocks across the market, including ARM Holdings, Virgin Money, Derwent London, Tullow Oil, Northgate and Vectura. After another strong set of quarterly results, ARM remains the top pick as Numis
Read moreBerenberg cuts Inchcape on Volkswagen and Aussie dollar worries
1st Apr 2016 10:25
(ShareCast News) - Berenberg has downgraded Inchcape to 'hold' from 'buy' on new-found concerns for the car dealer's businesses in the UK, Hong Kong and Australia. Although the stock is cheap on a p/e ratio basis, Berenberg said, the three business account for almost two-thirds of group operating pr
Read moreWednesday broker round-up
30th Mar 2016 14:53
(ShareCast News) - Inmarsat: Berenberg upgrades to hold with a target price of 890p. Next: Investec downgrades to sell, 5250p target, Jefferies reiterates hold with a target price of 5100p, JP Morgan stays at neutral with a target of 6370p and HSBC keeps at hold, 6260p target. Glaxosmithkline: Citi
Read moreMonday broker round-up
21st Mar 2016 18:26
(ShareCast News) - Gulf Keystone: Canaccord downgrades to sell with a target price of 14p. B&M European: UBS reiterates buy, 350p target. Ascential: Goldman Sachs reiterates buy with a target price of 278p and Exane BNP Paribas stays at neutral with a target price of 250p. Premaitha Health: Panmur
Read moreWednesday newspaper share tips: Legal&General, Inchcape
16th Mar 2016 15:16
(ShareCast News) - Worries surrounding Legal&General's capital position and future dividends appeared to be unjustified, The Times's Tempus said. The insurer's full-year capital surplus, on the basis of the European Solvency II requirements, printed at £5.5bn or about 169% of what it required to sup
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