Thursday broker round-up
3rd Mar 2016 15:02
(ShareCast News) - ITV: Jefferies reiterates buy with a target price of 310p, Exane BNP Paribas keeps at neutral with a target of 250p, UBS stays at sell. 230P target and Nomura reiterates buy with a target price of 320p. Intertek: Deutsche Bank reiterates hold with a target price of 2700p and JP Mo
Read moreFTSE 100 movers: Housebuilders subside on weak construction report
2nd Mar 2016 14:45
(ShareCast News) - The FTSE 100 was back in the red on Wednesday afternoon, led by ITV and a fall from the larger housebuilding companies. ITV was one of the biggest losers of the day, even as the commercial broadcaster reported a surge in underlying pre-tax profits, which were up 18% to £843m. Whi
Read moreBroker tips: Petrofac, ITV, Rightmove
2nd Mar 2016 12:48
(ShareCast News) - Investec downgraded Petrofac to 'hold' from 'buy' saying investors should pause for breath following the recent strong rally in the share price, but lifted the price target to 940p from 780p. "Debt is a dirty word in the oilfield services sector currently, and the unexpectedly sh
Read moreITV's target price under review after full year results, Investec says
2nd Mar 2016 10:02
(ShareCast News) - Investec placed its target price on ITV under review and kept its rating at 'hold' on Wednesday after the broadcaster warned revenue would be flat in the first quarter. ITV reported 2015 profit rose to £641m from £605m as revenue increased 15% to £2.97bn and adjusted earnings befo
Read moreITV full year profit up, but shares slide on ad revenue outlook
2nd Mar 2016 08:13
(ShareCast News) - ITV posted a rise in profit and revenue for 2015 thanks to a good performance in all parts of the business, and announced a special dividend but shares in the broadcaster slipped as it warned advertising revenue would be flat in the first quarter. Profit rose to £641m from £605m a
Read moreBroker tips: Moneysupermarket, Genel Energy, ITV
1st Mar 2016 15:47
(ShareCast News) - Moneysupermarket.com was given a boost on Tuesday as Canaccord Genuity lifted its target price to 352p from 342p and left its rating at 'hold' after the company reported a rise in full year profit and revenue. For the year to the end of December, the price comparison service said
Read moreGoldman downgrades ITV to neutral
1st Mar 2016 14:31
(ShareCast News) - Goldman Sachs marked down its valuation of ITV's shares as a result of the recent de-rating in its US peers and cut the M&A premium it attached to them, although it still saw the company as a potential takeover target. Interestingly, the broker lowered its 12-month target price on
Read moreWednesday preview: ITV to report increase in 2015 earnings, analysts estimate
1st Mar 2016 13:19
(ShareCast News) - ITV reports its full year results on Wednesday with analysts' penciling in an increase in earnings off the back of a strong performance by its television production business ITV Studios. The City predicts earnings per share for the year of 16.1p, up from 13.7p in 2014. Numis esti
Read moreMonday broker round-up
29th Feb 2016 13:16
(ShareCast News) - IMI: JP Morgan reiterates overweight with a target price of 850p, Credit Suisse and Canaccord stays at underperform, Investec and HSBC keep at buy, 920p and 1000p target respectively, Exane BNP Paribas maintains neutral and Societe Generale reiterates hold. Jupiter Fund Management
Read moreBroker tips: ITV, Ultra Electronics, IAG
29th Feb 2016 12:32
(ShareCast News) - Goldman Sachs downgraded ITV to 'neutral' from 'buy' and cut the price target to 297p from 329p on the back of a softer advertising outlook and ongoing rating weakness that it said could weigh on programming costs. The bank noted that since being added to the 'buy' list on 12 Octo
Read moreBroker tips: ITV, Ultra Electronics, IAG
29th Feb 2016 12:30
(ShareCast News) - Goldman Sachs downgraded ITV to 'neutral' from 'buy' and cut the price target to 297p from 329p on the back of a softer advertising outlook and ongoing rating weakness that it said could weigh on programming costs. The bank noted that since being added to the 'buy' list on 12 Octo
Read moreGoldman Sachs downgrades ITV, highlights risk of reinvestment
29th Feb 2016 09:34
(ShareCast News) - Goldman Sachs downgraded ITV to 'neutral' from 'buy' and cut the price target to 297p from 329p on the back of a softer advertising outlook and ongoing rating weakness that it said could weigh on programming costs. The bank noted that since being added to the 'buy' list on 12 Octo
Read moreWednesday broker round-up
24th Feb 2016 15:28
(ShareCast News) - Standard Chartered: UBS reiterates neutral with a target price of 510p, JP Morgan stays at overweight, 725p target and Morgan Stanley keeps at underweight with a target price of 370p. Home Retail Group: Canaccord upgrades hold with a target price of 175p. Capital & Countries Prop
Read moreITV gets ministerial approval for UTV acquisition
19th Feb 2016 11:11
(ShareCast News) - Broadcaster ITV has received ministerial approval for its acquisition of UTV Media's television assets. The company announced back in October that it had agreed to buy Northern Irish broadcaster UTV for £100m. "ITV plc today announces that Ministerial approval has been received a
Read moreITV promotes Bazalgette to chairman as Norman steps down
16th Feb 2016 09:44
(ShareCast News) - ITV chairman Archie Norman, who has overseen a successful turnaround of the broadcaster over the last six years, has confirmed he will step down in May and be replaced by board colleague Peter Bazalgette. Bazalgette, who will take up the role after the FTSE 100 company's annual sh
Read more