Reservations ahead but sales down at McCarthy & Stone
25th Jan 2017 07:54
(ShareCast News) - Retirement housebuilder McCarthy & Stone issued a trading update for the 20 week period from 1 September 2016 to 20 January 2017 on Wednesday, as investors gathered in London for the company's annual general meeting. The FTSE 250 firm said that, since its FY16 year end results ann
Read moreBroker tips: Shell, Bovis Homes, housebuilders
4th Jan 2017 15:52
(ShareCast News) - RBC Capital Markets upgraded Royal Dutch Shell to 'outperform' from 'sector perform', keeping the price target at 2,500p. The bank said the recent OPEC and non-OPEC supply deals have put the oil market on a much firmer footing, removing some of its tail-risk concerns for the oil g
Read moreMcCarthy & Stone appoints group financial controller as CFO
3rd Jan 2017 10:02
(ShareCast News) - McCarthy & Stone, the UK's leading retirement housebuilder, has announced that Rowan Baker will be appointed as the group's chief financial officer from 6 January 2017. Baker will be taking over from Nick Maddock who will be stepping down from the board on 6 January 2017. S
Read moreMcCarthy & Stone delivers record full-year revenue
15th Nov 2016 07:52
(ShareCast News) - Retirement housebuilder McCarthy & Stone announced its financial results for the full year ended 31 August on Tuesday. The FTSE 250 company said it delivered "industry-leading growth" in revenue and unit completions and remained on track to build and sell more than 3,000 units per
Read moreWednesday broker round-up
12th Oct 2016 14:40
(ShareCast News) - Shire: Goldman Sachs keeps at buy with a target price of 6300p. Page Group: HSBC reiterates hold, 385p target. McCarthy & Stone: UBS keeps at sell with a 150p target. Arrow Global: Macquarie reiterates outperform with a 335p target. Electrocomponents: Citigroup keeps at neutral
Read moreFTSE 250 movers: Clothing retailers outstrip weight of gold miners
11th Oct 2016 14:32
(ShareCast News) - While its larger sibling fell into the red after soaring to record levels, the FTSE 250 was still in positive territory on Tuesday afternoon, as positive earnings reports provided good cheer. After some difficult months for the sector as weather played havoc with their seasonal sa
Read moreBroker tips: Jupiter Fund, McCarthy & Stone, miners
11th Oct 2016 10:52
(ShareCast News) - Jupiter Fund Management got a boost on Tuesday as Barclays upgraded the stock to 'overweight' from 'equalweight' and lifted the price target to 525p from 420p to reflect a sector re-rating and earnings per share upgrades. The bank said Jupiter had "remarkably resilient" net inflow
Read moreCanaccord starts McCarthy & Stone at 'buy'
11th Oct 2016 10:11
(ShareCast News) - Canaccord Genuity initiated coverage of McCarthy & Stone at 'buy' with a 185p price target, noting it is the dominant market leader with a strong brand in the private retirement housing market. "We have a generally positive view of the UK house-building sector and believe that McC
Read moreMcCarthy & Stone's CFO steps down as it reports improved sales
11th Oct 2016 07:05
(ShareCast News) - Retirement housebuilder McCarthy & Stone said trading had improved in the first few weeks of the financial year in comparison to the sharp fall it experienced after the Brexit vote, as the company announced that its chief financial officer was stepping down after five years. In a
Read moreTuesday broker round-up
20th Sep 2016 15:46
(ShareCast News) - Petra Diamonds: Citigroup reiterates buy with a target price of 120p; JP Morgan reiterates overweight with a 139p target. Bovis Homes: UBS upgrades to neutral, 910p target. Electrocomponents: Credit Suisse keeps at underperform with a 300p target. Easyjet: HSBC keeps at reduce w
Read moreBarratt Developments and Bovis Homes shares slide on UBS downgrade
20th Sep 2016 09:16
(ShareCast News) - Barratt Developments and Bovis Homes were under the cosh on Tuesday after UBS downgraded the housebuilders to 'neutral' from 'buy' as it reviewed the sector. UBS said market dynamics have been "significantly more benign" in July and August following the UK's vote to leave the Euro
Read moreMonday broker round-up
12th Sep 2016 09:24
(ShareCast News) - Autotrader: Barclays reiterates equal-weight with a target price of 375p. Hikma: Jefferies maintains buy with a 2500p target. Wood Group: Exane BNP Paribas upgrades to buy with a 815p target. Man Group: Citigroup upgrades to buy with a 137p target. McCarthy & Stone: Goldman Sac
Read moreMcCarthy & Stone FY revenue up but warns of housing market weakness
2nd Sep 2016 07:25
(ShareCast News) - Shares in McCarthy & Stone slumped after the retirement housebuilder reported a rise in revenue in the year to the end of August but said there has been evidence of some weakness in the secondary housing market since its update at the end of June. In a trading update ahead of its
Read moreHousebuilders subside as Deutsche Bank slashes targets due to Brexit
26th Jul 2016 10:38
(ShareCast News) - Deutsche Bank cut its price targets for all UK housebuilders in light of Brexit uncertainty, although the bank continued to be positive about the sector. Barrett Developments' target price was cut to 575p from 667p; Berkeley to 3,829p from 3,981p; Bovis to 1,190p from 1,322p; Bell
Read moreMcCarthy & Stone announces senior management change
4th Jul 2016 07:39
(ShareCast News) - Retirement housebuilder McCarthy & Stone said on Monday that Mike Jennings, operations director for the South will leave the company on 31 August, as its financial year closes. Current operations director for the North, John Tonkiss, will become the group's national operations dir
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