Paragon Group of Companies Q1 results in line with expectations
22nd Jan 2015 09:48
Specialist lending firm Paragon Group of Companies said its performance remained "strong" during the first quarter of the financial year. with results in line with forecasts. Specialist lending firm Paragon Group of Companies said its performance remained "strong" during the first quarter of the fin
Read moreMonday broker round-up UPDATE
13th Oct 2014 09:32
Amino Technologies: Northland Capital upgrades to buy with a target price of 100p. Anglo American: Canaccord Genuity initiates with a target price of 1720p and a buy recommendation. Credit Suisse upgrades to outperform with a target price of 1800p. Associated British Foods: Societe Generale upgrade
Read moreThursday broker round-up UPDATE
5th Jun 2014 09:37
Aberdeen Asset Management: Liberum Capital initiates with a target price of 555p and a buy recommendation. Ashmore Group: Liberum Capital starts with a target price of 303p and a sell recommendation. ASOS: N+1 Singer places both its target price (prev.: 4100p) and its hold recommendation under rev
Read moreFTSE 250 movers: Telecom Plus impresses with annual results
21st May 2014 14:52
Telecom Plus topped the second tier risers today after impressing with an increase in annual profit and revenue as the utility achieved a record increase in customer numbers. The company, which supplies gas, electricity, telephony and broadband, said adjusted pre-tax profit jumped 25.3% to £44.6m a
Read moreWednesday broker round-up UPDATE
21st May 2014 08:36
African Minerals: Citi reduces target price from 260p to 190p, while leaving its buy recommendation unchanged. Alliance Pharma: Numis lowers target price from 39p to 37p and maintains an add rating. APR Energy: JP Morgan shifts target price from 1082p to 1089p keeping its overweight rating. Astra
Read moreFTSE 250 movers: Paragon virtues apparent as buy-to-let bounces
20th May 2014 15:48
Buy-to-let lender Paragon Group led the FTSE 250 charge on Tuesday, after first half profits were boosted by rising demand from an uplift in the rental market. Underlying pre-tax profit rose 20% to 57.9m pounds in the first half as it granted more than double the amount of loans, from £102m to £26
Read moreParagon's first half profits rise on buy-to-let demand
20th May 2014 09:52
- Profit rises 20.9 per cent - Demand for buy-to-let loans boosts earnings - Dividend lifted 25 per cent Paragon Group reported a 20.9 per cent rise in underlying pre-tax profit to 57.9m pounds in the first half, boosted by a rise in loan portfolios and demand for buy-to-let loans. The parent of
Read moreFriday broker round-up UPDATE
28th Mar 2014 12:35
888 Holdings: Deutsche Bank lowers target price from 166p to 160p retaining its hold recommendation. Aberdeen Asset Management: JP Morgan cuts target price from 529p to 509p and stays with its overweight rating. Advanced Medical Solutions: Investec shifts target price from 121p to 129p, while down
Read moreFTSE 250 movers: Ashmore dives as profits sink by a third
25th Feb 2014 15:30
Asset manager Ashmore was at the bottom of the pile after its first-half profits fell by a third as it counted the cost of investor wariness over emerging markets against a backdrop of the US winding down its bond-buying stimulus programme. The news prompted Canaccord to downgrade the stock to 'hold
Read moreFTSE 250 movers: Bwin.party rises on Numis rating
18th Feb 2014 12:57
Bwin.party Digital Entertainment rose strongly after Numis Securities reiterated its 'buy' rating on the stock. Oil services company Wood Group jumped after it reported a 14% increase in pre-tax profits to $412.8m for the year to December 31st 2013. Revenues rose 3% to $7.1bn, while profits before
Read moreParagon launches banking subsidiary
18th Feb 2014 07:56
The Paragon Group of Companies has launched a banking subsidiary after receiving authorisation from the Prudential Regulation Authority. Paragon Bank has been provided with an initial capital of £12.7m, with additional funds due to be supplied over time to support the growth of the business. The b
Read moreTuesday broker round-up UPDATE
18th Feb 2014 07:46
Aeorema Communications: Cantor Fitzgerald initiates with a target price of 90p and a buy recommendation. Aquarius Platinum: Investec shifts target price from 36p to 41p upgrading from sell to hold. Barclays: Jefferies shaves target price from 364p to 360p and keeps a buy recommendation. Brammer:
Read moreMonday broker round-up UPDATE
3rd Feb 2014 09:18
Advanced Computer Software: Panmure Gordon shifts target price from 132p to 139p and keeps a buy recommendation. AGA Rangemanager: Canaccord Genuity initiates with a target price of 300p and a buy recommendation. Avon Rubber: Canaccord Genuity initiates with a target price of 720p and a hold recom
Read moreBroker tips: BT, Diageo, Shell...
31st Jan 2014 12:08
Broker Hargreaves Lansdown said BT was 'firing on all cylinders' after the telecoms company forecast annual earnings at the top end of expectations. The broker's Richard Hunter said broadband demand, a strong performance outside the UK and BT's new sport channels had combined to produce "an impress
Read moreBroker snap: Paragon makes progress on all fronts, says Panmure
31st Jan 2014 11:38
Panmure Gordon has reiterated its 'buy' rating and 390p target price for financial services group Paragon, saying that the company made progress across the board in the first quarter. "Progress was clear on all fronts including increased mortgage originations, Idem Capital investing more, progress
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