United Utilities and Severn Trent drop on RBC downgrade
5th Oct 2016 09:54
(ShareCast News) - Severn Trent and United Utilities were under the cosh on Wednesday after RBC Capital Markets downgraded both stocks as it took a look at the UK water sector. The bank cut Severn Trent to 'underperform' from 'sector perform' on valuation grounds but lifted the price target to 2,300
Read moreWednesday newspaper share tips: Fastjet, Pennon Group
21st Sep 2016 11:03
(ShareCast News) - Fastjet has set itself from apart from its peers in Africa looking to leapfrog bottlenecks in the country's infrastructure by various means, the Financial Times said. Whereas many idealistic businesses tended to get mugged by the harsh realities of the Continent, Fastjet's travail
Read morePennon Group in line to meet expectations for 2017
20th Sep 2016 07:11
(ShareCast News) - Water utility and waste management company Pennon Group said it was in line to meet expectations for the 2017 financial year as its portfolio of energy recovery facilities remains on track. In a trading statement for the six months ended 30 September, the FTSE 250 company said its
Read moreTuesday broker round-up
13th Sep 2016 11:56
(ShareCast News) - GVC Holdings: Berenberg reiterates buy with a target price of 760p. Softcat: Citigroup reiterates buy, 410p target. GlaxoSmithKline: Jefferies downgrades to underperform with a 2300p target. Relx: UBS stays at buy with a 1600p target. GB Group: Citigroup starts coverage at buy
Read morePennon director McAulay steps down as Viridor CEO
1st Sep 2016 08:19
(ShareCast News) - Pennon director Ian McAulay has resigned with immediate effect as he stepped down as chief executive of the FTSE 250 group's waste business. McAuley was leaving to "pursue other opportunities", though chairman John Parker said he left Viridor "on track" to meet management expectat
Read moreSector movers: UK engineers drop on downgrades, utilities lower as well
16th Aug 2016 17:34
(ShareCast News) - Shares in British engineering groups Spectris and Halma dragged the Electronic & Electrical equipment sector lower after analysts at HSBC downgraded their stance on both in the wake-up of the recent run-up in their stock price. "The sector continued to re-rate through results seas
Read morePennon Group's annual pre-tax profits rise marginally
25th May 2016 10:10
(ShareCast News) - Water utility Pennon Group reported a slight rise in full year pre-tax profit as a strong performance in its energy recovery business offset lower water prices. Pre-tax profit rose 0.3% to £211.3m for the year to March 31 from £210.7m a year earlier. Group earnings before interest
Read moreSector movers: Banks and homebuilders lead gains
26th Apr 2016 15:19
(ShareCast News) - Banks and real estate and property stocks rode to the top of the leaderboard on the heels of well-received quarterly earnings from StanChart and a perception that Brexit risks were fading, although analysts and market commentary were cautious on both counts. For the first quarter
Read moreBond yields set to rise, Credit Suisse says
26th Apr 2016 14:14
(ShareCast News) - The US central bank´s 'dovishness' led to a "dramatic" decoupling between bond yields and cyclicals over the past two months, with the former falling even as the latter outperformed, but investors would be best advised to follow the latter, Credit Suisse said. Several relative val
Read moreCiti expresses concern around UK water utilities' premium valuation
9th Mar 2016 13:26
(ShareCast News) - Analysts at Citi on Wednesday recommended investors turn off the tap, cautioning they were increasingly concerned about UK water utilities' premium valuation. Their share prices had run up by 83% since 2010, outperforming the wider sector by 101% during that time frame, analyst Je
Read moreCredit Suisse downgrades Pennon to 'underperform'
16th Feb 2016 14:55
(ShareCast News) - Credit Suisse downgraded Pennon to 'underperform' from 'neutral' and cut the price target to 730p from 770p. The bank pointed out that power and recyclate prices are down around 15-20% since October, but Pennon has outperformed UK utilities by around 9%. CS cut its full year Marc
Read moreDirector dealing: Shire board shell out
15th Feb 2016 15:13
(ShareCast News) - With Shire shares almost £20 short of last year's all-time high, the drug developer's chairwoman, chief executive and a clutch of senior directors have splashed some cash to show what they think of the valuation. Seven board members put their money where their mouths were, having
Read moreThursday broker round-up
11th Feb 2016 13:52
(ShareCast News) - ARM Holdings: JP Morgan reiterates neutral with a target of 950p, Exane BNP Paribas keeps at outperform, 1300p target, Deutsche Bank stays at hold, 1000p target, Goldman Sachs maintains buy with a target of 1400p, Citigroup keeps at neutral and Bryan, Garnier & Co reiterates buy.
Read moreBroker tips: Smith & Nephew, Pennon, Halma
11th Feb 2016 11:55
(ShareCast News) - Smith & Nephew shares plunged on Thursday after UBS downgraded the company to 'neutral' on concerns about margin expansion. The investment bank said in a note that it has previously rated the company at 'buy' on the opportunity for margin expansion driven by a recovery in the Woun
Read moreBryan Garnier downgrades Pennon on valuation
11th Feb 2016 10:03
(ShareCast News) - Bryan Garnier downgraded its rating on Pennon Group to 'sell' from 'neutral' following a fairly strong relative performance over the past six months and the fact it is now trading just 9% below its all-time high. "We appreciate the group's strategy, especially in the waste busines
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