Friday broker round-up
11th Nov 2016 09:55
(ShareCast News) - Imperial Brands: JP Morgan keeps at neutral with a target price of 3660p. Standard Life: Berenberg stays at buy 416p target. Barclays: Societe Generale upgrades to buy with a 235p target. UBM: Barlcays reiterates equal-weight with a 755p target. Derwent London: Goldman Sachs ke
Read moreLondon close: Blue chips slide, led by gold-exposed miners amid profit-taking
10th Nov 2016 17:01
(ShareCast News) - London blue-chip stocks fell on Thursday as traders took profits stoked by Donald Trump's election win, with gold-exposed miners, pharmaceutical and US rates-sensitive utilities all flopping. The FTSE 100 ended the session down 1.21% to 6,827.98 points, somewhat out of kilter with
Read morePrudential sells Korean life insurance business
10th Nov 2016 08:46
(ShareCast News) - FTSE 100 financial services group Prudential has agreed to sell its life insurance business in Korea, PCA Life Assurance, to Mirae Asset Life Insurance for £119m. Prudential said the sale was consistent with its strategy of allocating its capital to markets where it is well positi
Read moreBroker tips: Compass, Prudential, Inmarsat
7th Nov 2016 11:03
(ShareCast News) - Jefferies on Monday downgraded its rating on Compass Group to 'hold' from 'buy' but raised its target price to 1,475p from 1,450p ahead of the catering company's full year results later this month. "Although Compass is a quality compounder with attractive total shareholder return
Read moreMerrill adds Prudential to 'Europe 1' list
7th Nov 2016 08:47
(ShareCast News) - Bank of America Merrill Lynch reiterated its 'buy' rating on Prudential, adding the stock to its Europe 1 List, which is its department-wide list of best research ideas. Merrill pointed out the shares have dropped 26% this year in US dollar terms and said its analysis of the group
Read moreBroker tips: United Utilities, Prudential, service sector
13th Oct 2016 13:50
(ShareCast News) - United Utilities got a boost on Thursday as Societe Generale upgraded the stock to 'buy' from 'hold', noting that recent share price weakness now implies a total shareholder return of 18%. The stock has underperformed the FTSE 100 by 11% since the 2 October Tory Party conference.
Read moreThursday broker round-up
13th Oct 2016 13:43
(ShareCast News) - Ted Baker: Goldman Sachs keeps at buy with a target price of 3140p. Brown N: HSBC reiterates hold, 205p target. MITIE: Citigroup keeps at neutral with a 280p target. Prudential: Societe Generale reiterates outperform with a 1250p target. Astrazeneca: Jefferies keeps at buy with
Read morePrudential shares fall as Societe Generale cuts rating to 'sell'
13th Oct 2016 09:17
(ShareCast News) - Prudential shares fell on Thursday as Societe Generale lowered its rating on the stock to 'sell' from 'hold' and cut its target price to 1,250p from 1,400p. Societe Generale said Prudential is on its list of least preferred stocks as it believes it is most vulnerable to the "growi
Read moreFTSE 100 movers: house builders, miners sag as easyJet firms
19th Aug 2016 14:32
(ShareCast News) - London's FTSE 100 tiptoed lower as a string of house builders sagged amid lingering concerns about the UK real estate market, and several miners slumped alongside metals prices. House builders were led lower by Persimmon, Taylor Wimpey and Barratt Developments, investors exiting t
Read moreWednesday broker round-up
17th Aug 2016 21:35
(ShareCast News) - Polypipe: Berenberg maintains buy with a 360p target. Vodafone: Jefferies reiterates buy with a 260p target. Standard Chartered: HSBC downgrades to hold with a 650p target. Prudential: Goldman Sachs keeps at buy with a target price of 1750p. WPP: Berenberg reiterates hold with
Read moreThursday broker round-up
11th Aug 2016 19:13
(ShareCast News) - Astrazeneca: Berenberg reiterates buy with a target price of 5600p. Legal & General: RBC maintains outperform with a 300p target. Lloyds: JP Morgan reiterates neutral with a 62p target. Centamin: RBC stays at speculative risk with a 190p target. Staffline: Berenberg reiterates
Read morePrudential's first half profits gain on Asia growth
10th Aug 2016 09:31
(ShareCast News) - Prudential reported a better-than-expected increase in first half operating profit on Wednesday, driven by double-digit growth in Asia. The insurance giant posted a 6% increase in operating profit to £2.06bn, beating analysts' estimates of around £1.88bn. Group APE new business s
Read moreWednesday preview: Prudential in focus with first half results
9th Aug 2016 13:13
(ShareCast News) - Prudential is expected to report on Wednesday a slight increase in profit in the first half, driven by growth in Asia and in the US. UBS forecasts the insurance giant's operating profit increased 2% year-on-year to £1.92bn. The bank estimates growth at the Asia business of 14% to
Read moreInsurers and miners pace gains
30th Jun 2016 16:42
(ShareCast News) - Insurers and miners helped the Footsie outperform on Thursday after Fitch reaffirmed its constructive view on Prudential and an upbeat reserch note out of Credit Suisse helped to boost shares of many miners. A further one-notch downgrade of its rating on the UK´s sovereign long-te
Read moreFitch reiterates Prudential´s long-term debt rating
30th Jun 2016 15:46
(ShareCast News) - A further one-notch downgrade of its rating on the UK´s sovereign long-term debt would not automatically trigger a cut to Prudential´s own rating, Fitch Ratings said in a report in which it also reaffirmed the insurer´s current standing. Analysts at Fitch reiterated their rating o
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