Thursday 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
Read moreLife insurers, oil stocks boost indices
29th Jun 2016 18:40
(ShareCast News) - Life insurers jumped on Wednesday on the heels of positive broker comment and supportive remarks from some ex-officials regarding the fall-out, or not, for the sector as a result of Brexit. Prudential´s shares rallied after Barclays reiterated an 'overweight' rating and target pri
Read moreBroker tips: Ocado, Prudential, Shawbrook
29th Jun 2016 13:12
(ShareCast News) - Shares in Ocado gave up much of Tuesday's gains as further downgrades were made to forecasts for the current year by Barclays and Exane BNP Paribas. Following an analysts meeting on the day when the online grocery facilitator's mixed interim results generated a positive share pric
Read morePrudential is top pick among European insurers, says Barclays
29th Jun 2016 09:43
(ShareCast News) - Barclays reiterated an 'overweight' rating and target price of 1609p on Prudential, saying the insurer is a "strong high quality business and the double digit growth story is intact". The bank said European insurance stocks have fallen extensively but believes the recent selloff i
Read moreCommercial insurers face more claims, slimmer margins from August - Fitch
14th Jun 2016 09:34
(ShareCast News) - Insurers are likely to face more more claims, more intense price competition and slimmer margins, Fitch Ratings said, due to changes to UK laws on disputing commercial insurance claims and timing of payments due to come into force in August and next year. Coming into force on 12 A
Read moreInsurers and banks lead falls
10th Jun 2016 21:12
(ShareCast News) - A renewed move lower in government bond yields across the globe weighed on financials, especially UK-listed life insurers, which some analysts believed were the most exposed sector of UK equity market to falling market interest rates in the US. The yield on the benchmark 10-year U
Read moreThursday newspaper share tips: Vertu Motors, Old Mutual
2nd Jun 2016 13:33
(ShareCast News) - Car dealer Vertu Motors has had a "Buy" opinion placed on it by the Telegraph's Questor column, which cites likely improvements to next year's results and broker upgrades after news of a recent deal. The Gateshead-based outfit said on Wednesday that it had nabbed five car deale
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