Credit Suisse downgrades Pennon as energy-from-waste loses its appeal
13th Jan 2017 09:58
(ShareCast News) - Credit Suisse has downgraded environmental utility infrastructure company Pennon Group to 'underperform' from 'neutral' and lowered the price target to 680p from 800p. The broker said that the downside in energy-from-waste (EfW) is materialising faster than it anticipated and it s
Read moreFriday broker round-up
13th Jan 2017 09:27
(ShareCast News) - Tesco: Goldman Sachs reiterates Sell on target price of 150p. Ladbrokes Coral: Barclays starts coverage with Overweight (previously Rating Suspended) on target price of 160p. Premier Oil: Barclays upgrades to Equal Weight on target price of 100p. Randgold Resources: Berenberg up
Read moreLondon open: GDP data in focus
25th Nov 2016 08:22
(ShareCast News) - Stocks in London were trading slightly higher ahead of the release of revised UK GDP data, with trading volumes expected to be light again as US markets will only be open for a half day. As of 0837 GMT the top flight index was edging higher by 0.01% to 6,830.16, despite a small do
Read morePennon Group reports sharp jump in profits before tax
25th Nov 2016 07:21
(ShareCast News) - Pennon continued to deliver a good performance in the first half of its financial year at both its water and waste businesses, with costs savings and self-help initiatives falling straight to the bottom line. South West Water delivered a sector-leading return on regulatory equity
Read moreFriday preview: Week set to end on a quiet note
24th Nov 2016 16:44
(ShareCast News) - A second reading on third quarter gross domestic product and the Confederation of British Industry´s Distributive Trades Survey would be the focus in UK markets on Friday. Otherwise, the end of the week was expected to end with a whimper, given the dearth of references on both the
Read moreMonday broker round-up
21st Nov 2016 19:55
(ShareCast News) - Randgold Resources: UBS reiterates buy with a target price of 9750p. AA: Goldman Sachs reiterates buy with a 370p target. Jimmy Choo: Barclays stays at equal-weight with a 140p target. Esure: Barclays reiterates overweight with a 247p target. Easyjet: UBS keeps at buy with a 11
Read morePennon boosted by Credit Suisse upgrade
9th Nov 2016 09:39
(ShareCast News) - Pennon bucked the downtrend on Wednesday as Credit Suisse lifted its rating on the stock to 'neutral' from 'underperform' and upped the price target to 800p from 790p. "We upgrade to neutral, as we see a lack of immediate downside risks with near-term upside to consensus earnings
Read moreInvestec eyes special dividend potential at United Utilities, Pennon
19th Oct 2016 14:37
(ShareCast News) - Eyeing significant undervaluation in the utilities sector, Investec slapped 'buy' recommendations on United Utilities, upgraded from 'sell', and Pennon from 'hold'. Investec said it believed the recent history and potential direction of the sector, from an equity investor standpoi
Read moreSector movers: Tesco sets fresh 52-week high, defensives lag
5th Oct 2016 14:53
(ShareCast News) - An upbeat outlook for margins from Tesco boosted the wider sector gauge. The company's shares rocketed to their best levels since late-summer 2015 - setting a fresh 52-week in one fell swoop - after management reported that UK like-for-like (LFL) sales doubled to 0.6% and operatin
Read moreUnited 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
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