Wednesday broker round-up
14th Sep 2016 08:37
(ShareCast News) - Relx: Berenberg reiterates buy with a target price of 1600p. Standard Life: Deutsche Bank reiterates buy, 325p target. Arrow Globalik: Jefferies keeps at buy with a 359p target. Ocado: Exane BNP Paribas downgrades to underperform with a 215p target. SafeCharge: Berenberg stays
Read moreBAE Systems best-placed to benefit from increased spending in UK and US
5th Sep 2016 15:34
(ShareCast News) - Company-specific drivers were the reason for the European Aerospace and Defence sector´s outperformance year-to-date, but in the remainder of 2016 and in 2017 companies´ ability to 'execute' would be the deciding factor, analysts at Goldman Sachs said. In civilian aerospace, sever
Read moreMonday broker round-up
5th Sep 2016 15:25
(ShareCast News) - BAE systems: Goldman Sachs reiterates buy with a target price of 671p. Morrison: Jefferies maintains buy with a 210p target. Compass Group: UBS keeps at neutral with a 1485p target. Rio Tinto: Macquarie reiterates outperform with a 2900p target. Cobham: Goldman Sachs keeps at n
Read moreQinetiq Q1 in line, reaffirms full-year guidance
20th Jul 2016 08:01
(ShareCast News) - FTSE 250 science and engineering company Qinetiq said trading in the first quarter was in line with its expectations. In a trading update for 31 March to date, the company said revenue under contract in the EMEA services division was similar to a year ago and as expected at this s
Read moreDirectors dealings: NAIT boosts stake in EKF Diagnostics to 14.1%
10th Jun 2016 14:11
(ShareCast News) - Harwood Capital, acting as investment manager on behalf of North Atlantic Smaller Companies Investment Trust PLC, picked up another large batch of shares in EKF Diagnostics. Christoper Mills, who was named to the post of non-executive chairman at the global point-of-care medical d
Read moreQinetiQ full year profits fall in challenging markets
26th May 2016 07:47
(ShareCast News) - Defence engineering firm QinetiQ reported a fall in full year pre-tax profits of £90.2m compared with £105.4m a year earlier against a challenging markets backdrop. Revenue fell to £755m from £763.8m after adjusting for foreign exchange movements and the divestment of the non-core
Read moreQinetiq on track to meet full year expectations
24th Mar 2016 07:39
(ShareCast News) - FTSE 250 defence and aerospace technology company Qinetiq is on track to deliver on its expectations for the current financial year. Qinetiq, which is due to release its preliminary results for the year ending 31 March on 26 May, said its EMEA Services division has continued to pe
Read moreQinetiq reaffirms guidance but warns defence market "uncertain"
10th Feb 2016 07:58
(ShareCast News) - Qinetiq reaffirmed its guidance for the full year but cautioned the UK defence market remains uncertain. In a trading update for the third quarter, the defence technology company said that while the government's Strategic Defence and Security Review was published in December, it i
Read moreBerenberg turns stock picking spotlight on defence sector
20th Jan 2016 11:58
(ShareCast News) - Highlighting the importance of stock selection in the defence sector, Berenberg shone a spotlight on increasing margin pressures in coming years and downgraded Qinetiq to 'sell', upgraded Ultra Electronics to 'buy' and reiterated a 'sell' on Cobham. Berenberg, which also kept its
Read moreQinetic wins US aircraft carrier takeoff deal
30th Dec 2015 08:01
(ShareCast News) - Qinetiq has won a $16m contract to supply the aircraft launch and landing-arrest systems for the US Navy's next aircraft carrier, the $11.5bn John F Kennedy. The FTSE 250 defence technology specialist's North American unit won the contract from San Diego-based General Atomics.
Read moreWednesday newspaper round-up: Rolls-Royce, pay, Brexit, Qinetiq
30th Dec 2015 07:15
(ShareCast News) - Legislators are to meet Warren East to discuss his restructuring plans for Rolls-Royce, underlining the political sensitivities the new chief executive will have to navigate as he attempts to stabilise the UK's flagship engineering group after five profit warnings. More than 20 La
Read moreDefence stocks fired up by European security spending hopes
17th Nov 2015 13:35
(ShareCast News) - Increased expectations of a security spending blitz in Europe as a result of the Paris attacks has driven up the shares of companies with a defence focus such as BAE Systems and Rolls-Royce. On Tuesday, France's pledge to breach deficit reduction rules by boosting security spendin
Read moreQinetiq maintains full-year expectations
30th Sep 2015 07:47
(ShareCast News) - Defence technology company Qinetiq said it was maintaining its expectations for the financial year. It said its EMEA services division continues to see some customer contract award decisions deferred due to uncertainties in the UK market or delayed by requirements for additional
Read moreQinetiq quietly confident after first quarter as UK defence reviews loom
22nd Jul 2015 09:29
(ShareCast News) - First quarter results from Qinetiq were in line with expectations, as the defence and aerospace company's healthy contract pipeline remains dependent on several UK defence spending reviews. The core Europe Middle East and Africa (EMEA) business, which makes up more than three quar
Read moreFriday broker round-up
26th Jun 2015 10:11
ARM Holdings: Bernstein downgrades to underperform. GlaxoSmithKline: Liberum ups view to hold from sell. HSBC initiates coverage at buy with 1,700p target. AztraZeneca: HSBC initiates coverage at hold with 4,640p target. Qinetiq: UBS downgrades to sell from neutral. Meggitt: UBS raises view to ne
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