Tuesday broker round-up
2nd Mar 2021 14:00
(Sharecast News) - Sumo Group: Canaccord upgrades to buy with a target price of 340p.
Read moreCanaccord downgrades Provident Financial to 'sell'
2nd Mar 2021 12:08
(Sharecast News) - Canaccord Genuity cut its stance on shares of doorstep lender Provident Financial on Tuesday to 'sell' from 'speculative buy' and reduced its price target to 264p from 290p as it highlighted caution regarding claims.
Read moreProvident Financial on track for 2020
4th Nov 2020 08:07
(Sharecast News) - Provident Financial said it was on course to meet market expectations for 2020 but that Covid-19 lockdowns would hit customer spending and borrowing.
Read moreCoronavirus crisis widens inequality gap, reveals FCA
22nd Oct 2020 08:17
(Sharecast News) - The Financial Conduct Authority revealed on Thursday that 12m UK adults are struggling to pay bills during the economic crisis caused by the coronavirus pandemic and that the financial inequality divide is widening.
Read moreCard activity declines, despite lockdown measures easing - UK Finance
16th Sep 2020 12:38
(Sharecast News) - Debit and credit card activity eased in June, industry data showed on Wednesday, despite the relaxation of lockdown measures and shops reopening.
Read moreProvident Financial CEO takes break for heart operation
11th Sep 2020 07:35
(Sharecast News) - Provident Financial's chief executive Malcolm Le May is taking time off to have a heart operation, leaving chairman Patrick Snowball in charge of the subprime lender until he returns.
Read moreWednesday broker round-up
26th Aug 2020 13:16
(Sharecast News) - Inchcape: JP Morgan upgrades to overweight with a target price of 595p.
Read moreProvident Financial swings to loss but activity picks up
26th Aug 2020 07:04
(Sharecast News) - Provident Financial swung to a loss in the first half as revenue fell and bad debts increased but the subprime lender said business had picked up in the second half.
Read moreProvident makes Shrimpton permanent head of Moneybarn
24th Jul 2020 08:10
(Sharecast News) - Provident Financial announced the appointment of David Shrimpton as the managing director of its car finance division Moneybarn on Friday, subject to regulatory approval.
Read moreInvesco ditches entire stake in Provident Financial
2nd Jun 2020 08:19
(Sharecast News) - Invesco Asset Management has placed 30.4m shares of doorstep lender Provident Financial - its entire stake - via an accelerated bookbuild to institutional investors, with Jefferies the bookrunner.
Read moreProvident Financial rallies on Jefferies upgrade
29th May 2020 13:39
(Sharecast News) - Provident Financial shares rallied on Friday after Jefferies upped its rating on the doorstep lender to 'buy' from 'hold'.
Read moreThursday broker round-up
28th May 2020 13:34
(Sharecast News) - Provident Financial: RBC Capital Markets reiterates sector performer with a target price of 195p.
Read moreProvident Financial volumes fall 20% as lending rules tighten
27th May 2020 07:34
(Sharecast News) - Doorstep lender Provident Financial said new business volumes fell 20% in the four months to April 30 as it tightened lending rules in response to the Covid-19 pandemic.
Read moreWednesday broker round-up
1st Apr 2020 13:59
(Sharecast News) - Intercontinental Hotels Group: RBC Capital Markets upgrades to outperform with a target price of 4,000p.
Read moreBerenberg slashes price target on Provident Financial
1st Apr 2020 11:18
(Sharecast News) - Analysts at Berenberg slashed their target price on British sub-prime lender Provident Financial from 470.0p to 250.0p on Wednesday, stating that the Covid-19 outbreak had dealt the group another setback.
Read more