Friday broker round-up
17th Aug 2018 14:22
(Sharecast News) - esure: Barclays upgrades to equal weight with a target price of 280p.
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 moreLiberum initiates coverage of challenger banks, prefers OneSavings
13th Dec 2016 10:09
(ShareCast News) - Liberum initiated coverage of five challenger banks with three 'buy' recommendations and two 'hold' stances. The brokerage started OneSavings Bank, Shawbrook and Aldermore at 'buy' with price targets of 395p, 290p and 245p, respectively. It said OneSavings is making regulatory ch
Read moreDirector dealings: OneSavings group misses out on upgrade uplift
6th Dec 2016 16:13
(ShareCast News) - A group of OneSavings Bank directors missed out on thousands of pounds in the challenger bank as they sold just before its shares were lifted 7% by a broker upgrade on Tuesday. Commercial director Jens Bech sold more than £861,000 worth at 313p on Monday, while chief financial off
Read moreOneSavings Bank rallies on RBC upgrade to 'outperform'
6th Dec 2016 09:38
(ShareCast News) - OneSavings Bank rallied on Tuesday as RBC Capital Markets upgraded the stock to 'outperform' from 'sector perform' and lifted the price target to 355p from 305p on higher forecasts and lower cost of equity. The bank said its downgrade of the stock to 'sector perform' last month wa
Read moreFTSE 250 movers: Greencore and banks gain while gold miners fall
14th Nov 2016 14:05
(ShareCast News) - The FTSE 250 index was in positive territory, just shy of 17,500, by the late afternoon on Monday. Irish food company Greencore led the risers, gaining on the back of jump in full-year revenue and earnings, a hike in its dividend and the proposed acquisition of Peacock Foods for a
Read moreThursday newspaper share tips: Next, One Savings Bank
3rd Nov 2016 12:52
(ShareCast News) - Shares in Next have been battered as markets price-in its exposure to the fall in the pound, which will make sourcing from outside the UK dearer, but the share price drop had been overdone, The Times's Tempus said. Then there is the potential impact of higher inflation on consumer
Read moreOneSavings Bank confident of net loan growth by end of 2016
2nd Nov 2016 07:45
(ShareCast News) - OneSavings Bank said it was performing in line with expectations as it remains confident of achieving net loan growth by the end of the year. In a third quarter update, the FTSE 250 'challenger' bank reported that the underlying loan book grew by 13% for the nine months to Septemb
Read moreBanks' mortgage approvals rebound from low, BBA data shows
26th Oct 2016 09:12
(ShareCast News) - Mortgage approvals from high street banks rebounded slightly in September, according to data from high street banks, after hitting a 19-month low in August. The British Bankers' Association (BBA) revealed mortgage approval numbers in September of 38,252, which was up from 37,241 i
Read moreCredit Suisse sees rising risks for challengers banks Aldermore, Shawbrook
25th Oct 2016 11:46
(ShareCast News) - OneSavings Bank received an upgrade but Aldermore and Shawbrook were downgraded by Credit Suisse as it warned the risks facing the UK's challenger banks were "becoming harder to ignore" heading into 2017. Following solid share price recoveries in recent months, the risk-reward for
Read moreBarclays ups Aldermore and OneSavings to 'overweight'
4th Oct 2016 10:37
(ShareCast News) - Barclays upgraded challenger banks Aldermore and OneSavings Bank to 'overweight' from 'equalweight' as it took a look at UK specialist lenders. It lifted its price target for Aldermore to 200p from 150p and said it should benefit from growth in the specialist buy-to-let and SME se
Read moreRBC ups targets on specialty lenders due to UK economic resilience
23rd Sep 2016 08:34
(ShareCast News) - Analysts at RBC revised their price targets for UK challenger banks higher as a result of the resilience shown thus far by the economy and the support provided by the Bank of England. The broker also revised its forecasts higher for Aldermore,Close Brothers and Shawbrook. "While
Read moreSunday newspaper round-up: Sterling, PMIs, May's Brexit talks, GSK, Sports Direct
28th Aug 2016 13:45
(ShareCast News) - Hedge funds and other speculators have cranked up bets against the pound to their highest-ever level as sterling rises close to a three-week high. Short positions on the pound worth $7.8bn (£5.9bn) were racked up last week - the largest ever, according to US data used by the Sunda
Read moreFTSE 250 movers: eOne too pricey for ITV, smaller banks a bargain says Merrill
25th Aug 2016 14:47
(ShareCast News) - The FTSE fell along with much of the market on Thursday, with Entertainment One and Just Eat leading the way lower. Entertainment One, known as eOne and distributor of the 'David Brent: Life on the Road' film currently in cinemas, was sent skidding as ITV swerved a potential takeo
Read moreOneSavings Bank surges as interim profits grow faster than expected
24th Aug 2016 08:30
(ShareCast News) - Half-year profits from OneSavings Bank were higher than the market expected despite management significantly boosting liquidity ahead of the Brexit referendum. Loan origination of £973m in the six months to 30 June was up 25% on the same period last year, lifting underlying loan b
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