Thursday broker round-up
25th Oct 2018 11:31
(Sharecast News) - Hastings: Numis upgrades to buy with a target price of 295p.
Read moreMetro Bank profits up but margins shrink in third quarter
24th Oct 2018 07:34
(Sharecast News) - Metro Bank posted a jump in third-quarter underlying pre-tax profit on Wednesday as it saw record lending growth, but margins at the challenger bank shrank.
Read moreWednesday broker round-up
29th Aug 2018 13:33
(Sharecast News) - Barratt Developments: Citigroup upgrades to buy with a target price of 634p.
Read moreMetro Bank raises £303m in placing, posts four-fold increase in H1 profit
25th Jul 2018 07:49
(Sharecast News) - Metro Bank said on Wednesday that it has raised gross proceeds of around £303m in a share placing to support its growth and replace liquidity used for its acquisition of a UK mortgage book in March.
Read morePanmure initiates coverage of challenger banks
16th Feb 2017 09:53
(ShareCast News) - Panmure Gordon initiated coverage on several challenger banks on Thursday, highlighting a preference for specialist lenders as they have avoided direct competition with large UK banks and offer high growth and returns at attractive valuations. The brokerage started Aldermore, OneS
Read moreBroker tips: Sainsbury, Diageo, Metro Bank
26th Oct 2016 13:34
(ShareCast News) - Goldman Sachs removed Sainsbury from its 'conviction sell' list, keeping at 'sell', with a 195p price target. The bank noted Sainsbury has significantly underperformed UK peers years-to-date, down 6% versus Morrison up 55% and Tesco up 41%. "Though we remain bearish on the stock,
Read moreRBC Capital downgrades Metro Bank on strong share price performance
26th Oct 2016 09:09
(ShareCast News) - Metro Bank posted its first ever quarterly profit on Wednesday, but that didn't stop RBC Capital Markets from cutting its view on the stock to 'sector perform' from 'outperform' as it pointed to a strong price performance. RBC noted Metro is now trading at around its price target
Read moreMetro Bank posts first quarterly profit
26th Oct 2016 07:39
(ShareCast News) - Metro Bank swung to a pre-tax profit in the third quarter - its first quarterly profit ever - as revenue surged 78%. The bank generated an underlying pre-tax profit of £0.6m compared a £3.4m loss in the same quarter last year, as revenue rose to £53.4m from £46.3m. Chief executiv
Read moreMortgage lending resilient in May but likely to fall post referendum - CML
27th Jun 2016 10:37
(ShareCast News) - Mortgage lending remained resilient in May as banks and building societies lent more than in April and than in May last year. Gross mortgage lending swelled to £18.2bn in May, the Council of Mortgage Lenders estimated, up 3.6% from the preceding month and 13.6% higher than this ti
Read moreFTSE quarterly review confirms raft of changes to 100 and 250 indices
2nd Jun 2016 08:00
(ShareCast News) - Hikma Pharmaceuticals' promotion to the FTSE 100 index was confirmed after the latest quarterly review was announced overnight, while demoted blue chip Inmarsat was joined in the FTSE 250 by three recently floated finance groups CYBG, CMC Markets and Metro Bank plus several others
Read moreInmarsat set for FTSE demotion in quarterly review
31st May 2016 10:19
(ShareCast News) - Satellite communications company Inmarsat could be pushed out of the FTSE 100 by Hikma Pharmaceuticals in June, according to the FTSE Russell. Changes from the latest quarterly review of the FTSE 100, to be announced on Wednesday, will take place on Friday 17 June. Earlier this m
Read moreThursday broker round-up
14th Apr 2016 14:09
(ShareCast News) - Metro Bank: Goldman Sachs reiterates neutral with a target price of 2080p. Burberry: Credit Suisse stays at underperform with a target price of 1050p. JD Sports: Investec keeps at buy with a target price of 1420p and Cantor Fitzgerald reiterates buy with a target of 1400p. Tesco
Read moreThursday broker round-up
10th Mar 2016 13:41
(ShareCast News) - Eagle Eye Solutions: Panmure Gordon downgrades to hold with a target price of 163p. Genel Energy: RBC downgrades to sector perform, 115p target. The Restaurant Group: Berenberg downgrades to hold with a target price of 550p, Goldman Sachs downgrades to neutral, 525p target, Citig
Read more