Wednesday broker round-up
15th Feb 2017 09:21
(ShareCast News) - William Hill: HSBC downgrades to Reduce with a target price of 255p. Smith & Nephew: Berenberg reiterates Hold with a target price of 1275p. JD Wetherspoon: Deutsche Bank reiterates Sell with a target price of 600p. Acacia: Jefferies reiterates Buy with a target price of 575p.
Read morePendragon pleased with 2016 performance
14th Feb 2017 10:31
(ShareCast News) - Franchised motor dealer operator Pendragon posted its results for the year to 31 December on Tuesday, with like-for-like gross profit rising 4.9% to £548.7m, while like-for-like operating profit grew 2% to £104.3m. The London-listed firm reported underlying profit before tax of £7
Read morePendragon revenues rev up, expects little effect from Brexit price hikes
25th Oct 2016 11:08
(ShareCast News) - Automotive retailer Pendragon's third quarter revenue increased as it said that it had not suffered from any uncertainty in the wake of the Brexit vote and from fluctuating foreign exchange rates. In an update for the three months to 30 September, revenue grew by 5.7% on a like-fo
Read moreWednesday broker round-up
19th Oct 2016 12:06
(ShareCast News) - B&M European value retail: Goldman Sachs keeps at buy with a target price of 274p. Zoopla: Berenberg reiterates buy, 400p target. Bellway: Jefferies keeps at buy with a 2857p target. IAG: Credit Suisse upgrades to outperform with a 469p target. British American Tobacco: JP Morg
Read morePendragon posts jump in first-half profit
2nd Aug 2016 08:16
(ShareCast News) - Pendragon reported a jump in first-half pre-tax profit and said it does not expect to see any material impact from the UK's vote to leave the European Union. In its interim results to the end of June, the FTSE 250 car dealership chain said underlying pre-tax profit rose 9.7% to £3
Read morePendragon to return £20m to investors through share buyback
20th May 2016 07:45
(ShareCast News) - FTSE 250 car dealership Pendragon on Friday announced an initial share buyback programme to return £20m to investors. The company, which has spent £20.3m in the last 18 months buying certain properties it has previously leased, said it was continuing to look for further acquisitio
Read moreFriday newspaper share tips: Pendragon, Weir Group
29th Apr 2016 11:38
(ShareCast News) - The recent drop in shares of car dealer Pendragon might be an interesting opportunity for investors, The Times´s Tempus said. It is a well-run outfit, offering a solid dividend which is well-covered by cashflow and with little debt to boot, the tipster explained. Some observers m
Read morePendragon grows profit and physical footprint in Q1
28th Apr 2016 08:27
(ShareCast News) - Motor dealer franchise group Pendragon reported an 8.7% rise in underlying profit before tax in its first quarter on Thursday, with like-for-like gross profit increasing across all main vehicle sectors of aftersales, used and new. The FTSE 250 group put the increase down to a comb
Read moreDirector dealing: Icap's new CFO dips in
30th Mar 2016 14:27
(ShareCast News) - The day after Icap gained final approval to sell its voice broking arm, finance director Stuart Bridges showed his confidence in the deal with a £118,425 purchase of shares. Bridges, who joined the interdealer broker from the same role at specialist insurer Hiscox in September
Read morePendragon full year pre-tax profits drive up 22%
16th Feb 2016 07:36
(ShareCast News) - Auto retailer Pendragon said full year pre-tax profits jumped 22.3% to £79m, adding that it still expected to see growth in its aftersales and used car markets with the new car sector stable. Operating profits were up 25.2% to £121m on revenues of £4.45bn, an increase of 11%. Unde
Read morePendragon on track to meet full year expectations
3rd Nov 2015 10:25
(ShareCast News) - Motor dealerships operator Pendragon said it remains on track to meet its annual goals, buoyed by strong trading in the third quarter. In the three months to the end of September, the London-listed company said its underlying pre-tax profit rose 6.6% year-on-year on a like-for-lik
Read morePendragon's first-half upbeat thanks to growing vehicle market
4th Aug 2015 11:32
(ShareCast News) - Automotive retailer Pendragon said trading during the first-half of the year was ahead of expectations, driving shares up 5%. Pre-tax profit nearly doubled to £60.8m from £33.2m and revenue increased to £2.29bn from £2.07bn. Aftersales gross profit rose 6.7% to £6.2m thanks to a
Read moreFriday broker round-up
15th May 2015 15:12
SAB Miller: Berenberg reiterates buy and 3,920 price target. IMI: Nomura reiterates reduce stance, lowers target to 1,115p from 1,175p. ITV: Barclays downgrades to equal-weight with 260p target. HSBC: Berenberg reiterates buy and lowers target to 750p from 790p. Hiscox: Canaccord Genuity reiterat
Read moreThursday broker round-up UPDATE
6th Nov 2014 10:01
Amec: UBS cuts target price from 1185p to 1150p, while its buy recommendation remains unchanged. Afren: Liberum Capital cuts target price from 121p to 95p and stays with its hold recommendation. Antofagasta: Canaccord cuts target price from 790p to 760p and reiterates a hold recommendation. Associ
Read moreEnquest CEO family trust adds to already sizeable stake
8th Apr 2014 15:55
Amjad Bseisu, the Chief Executive Officer of oil and gas producer Enquest, has bought company shares via Double A, the trust in which his family is interested. Double A purchased 95,313 shares, taking its holding to 70.89m, equal to 8.83% of the company's share capital. At 121.40p each, the tran
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