Broker tips: Lloyds, RBS, Rightmove
27th Feb 2015 11:37
Shares in banking group Lloyds edged higher on Friday after shareholders celebrated their first dividend payment in six years, though weaker-than-expected results prompted Shore Capital to retain a 'hold' rating on the stock. The broker said: "Based on last night's closing price of 78.5p, the shares
Read moreCanaccord upgrades Rightmove after resilience to OnTheMarket launch
27th Feb 2015 10:24
Canaccord Genuity has upgraded its rating on real estate portal Rightmove from 'hold' to 'buy' after a better-than-expected set of annual results on Friday. The broker has hiked its target price for the shares from 2,600p to 3,034p and said it still sees 13% potential upside to this new forecast. R
Read moreRightmove annual profit jumps on higher revenue and increased website traffic
27th Feb 2015 08:21
Online property portal Rightmove Plc Higher revenue saw its annual pret-ax profit increase, as revenue was boosted by growth in website traffic and higher average revenue per advertiser. The company said its pre-tax profit for 2014 rose 25.7% to £122m, as revenue grew 19.4% to £167m, while earnings
Read moreSunday newspaper round-up: Aviva-Friends Life, Coutts, Quindell
23rd Nov 2014 18:15
Clive Cowdery, whose Resolution acquisition vehicle bought Friends Provident in 2009, will make about £160m from Aviva's takeover of Friends Life, the Sunday Times said. The roles of chairman, chief executive and finance director at the combined company will go to the Aviva incumbents, according to
Read moreRightmove posts similar rise in business to last year
6th Nov 2014 08:04
Property website Rightmove reported a similar increase in business to last year as the UK housing market stabilised, but said it was trading in line with full-year expectations. The group said membership was up 2% since the first half of the year and 5% in the year to date, reaching a record 19,320
Read moreBroker tips: Shire, ARM Holdings, Transport, Real estate
21st Oct 2014 12:55
Panmure Gordon chose to reiterate its 'buy' recommendation on Shire even though the $54bn pursuit by Abbvie is now officially over, highlighting an "opportunity" for investors to pick up shares after recent falls. Analyst Savvas Neophytou said that the company's rare diseases business still remains
Read moreCredit Suisse sees limited threat from Agents' Mutual at Rightmove and Zoopla
21st Oct 2014 09:41
Credit Suisse has highlighted an "attractive entry point" for potential investors of Rightmove and Zoopla, downplaying concerns about the threat to the UK estate agent portal industry from newcomer Agents' Mutual. The bank slashed its target price for Rightmove from 3,100p to 2,655p and for Zoopla f
Read moreTuesday broker round-up UPDATE
21st Oct 2014 08:50
African Barrick Gold: JP Morgan cuts target price from 340p to 300p and stays with its overweight rating. Anglo American: JP Morgan raises target price from 1240p to 1310p, while leaving its underweight rating unchanged. Investec increases target price from 1573p to 1603p and stays with its buy reco
Read moreLondon close: Shares near year-lows as economic woes weigh
10th Oct 2014 15:59
The London market moved closer to year-lows on Friday as crude and metal prices fell amid fears of a renewed global economic downturn. The FTSE 100 Index closed 91.88 points down at 6339.97, slightly above its 2014 low of 6,328, as traders reflected on a week of negative European economic data. The
Read moreWednesday broker round-up UPDATE
24th Sep 2014 09:15
Aggreko: Morgan Stanley ups target price from 1350p to 1375p, while leaving its underweight rating unaltered. Alliance Pharma: Canaccord Genuity lowers target price from 35p to 33p reiterating its hold recommendation. Close Brothers Group: UBS moves target price from 1420p to 1430p and keeps a neut
Read moreBroker tips: Morrison, Rightmove, Petra Diamonds
9th Sep 2014 12:59
Comments from Citigroup were giving the share price of Wm Morrison a boost on Tuesday as it upgraded its rating on the stock from 'neutral' to 'buy' and said that the company's 7.5% dividend yield is "safe". Analyst Pradeep Pratti said that the company should generate around £350m of free cash flow
Read moreCanaccord downgrades Rightmove after recent run
9th Sep 2014 12:20
Canaccord Genuity has lowered its rating for estate agents portal Rightmove from 'buy' to 'hold', saying that it sees littles upside after the stock's recent good performance. Since 30 July when the company reports its half-yearly results, the shares have risen 8% to 2,456p, outperforming the market
Read moreBroker tips: Rightmove, Henry Boot, Hyder Consultancy, London Mining
22nd Aug 2014 12:45
Take profits at Rightmove, Westhouse Securities recommended investors on Friday after the recent rally in the stock, downgrading its rating from 'add' to 'neutral'. While analyst Roddy Davidson was "encouraged" by recent positive trading momentum and Rightmove's confident outlook, he said: "We rema
Read moreWesthouse recommends investors to take profits at Rightmove
22nd Aug 2014 11:22
Take profits at Rightmove, Westhouse Securities recommended investors on Friday after the recent rally in the stock. The company, which runs an online real estate portal, has seen its share price appreciate 11% since Westhouse upgraded the stock to 'add' following its interim results on 30 July, ou
Read moreFriday broker round-up UPDATE
22nd Aug 2014 08:39
Ashtead Group: Berenberg raises target price from 1110p to 1145p maintaining its buy recommendation. Bank of Georgia: Peel Hunt increases target price from 2416p to 2600p and reiterates a hold recommendation. Boot (Henry): Numis upgrades from add to buy with a target price of 254p. Howden Joinery
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