Sector movers: Industrial Engineers up despite tough end markets
1st Dec 2016 17:19
(ShareCast News) - Another day of solid gains for crude oil futures boosted the oil patch again. Close behind were Industrial Engineers, with shares in Rotork, IMI and Weir Group pacing gains. Commenting on the messages delivered by the three companies at the latest biannual Valveworld trade show i
Read moreSector movers: Meggitt, Cobham lift defence stocks
23rd Nov 2016 16:00
(ShareCast News) - Price gains for some key steel-making ingredients such as iron ore and thermal coal as well as in Chinese rebar futures kept pushing shares in Evraz and many of the main mining groups higher. Overnight, spot iron ore prices at Tianjin advanced from $69.0 a tonne to $71.5 a tonne,
Read moreFTSE 250 movers: Up day for midcaps led by Rotork, BGEO and Mitie
22nd Nov 2016 13:35
(ShareCast News) - The FTSE 250 index joined the rest of the markets in an up-day on Tuesday, rising 0.93% to just shy of 17,700 by late afternoon led by rises in Rotork, BGEO and Mitie. Leading the rise was actuator maker Rotork as it let markets know that it expected full year sales will be toward
Read moreRotork says forex tailwind to push FY profits to top end of estimates
22nd Nov 2016 08:05
(ShareCast News) - Actuator maker Rotork said it expected full year revenue to be towards the top end of expectations due to a currency tailwind and a good performance from acquisitions. Revenue estimates range from £527.3m to £587m. The company expected forex benefits to boost revenue and profits b
Read moreBroker tips: Weir, Rotork, ASOS, Barratt Developments, Bovis Homes
20th Sep 2016 12:29
(ShareCast News) - Credit Suisse initiated coverage of Rotork and Weir at 'outperform' as it took a look at the pan-European capital goods sector. The bank gave Rotork a 230p price target. "We see Rotork as a high-quality company and while we do not discount a recovery in end markets, we see continu
Read moreCredit Suisse starts Weir, Rotork at 'outperform'
20th Sep 2016 11:02
(ShareCast News) - Credit Suisse initiated coverage of Rotork and Weir at 'outperform' as it took a look at the pan-European capital goods sector. The bank gave Rotork a 230p price target. "We see Rotork as a high-quality company and while we do not discount a recovery in end markets, we see continu
Read moreFTSE 250 movers: Sophos, Thomas Cook and Auto Trader lead gains
8th Sep 2016 14:53
(ShareCast News) - The FTSE 250 was pretty much flat late into Thursday's session, with security software group Sohpos leading the way thanks to read-across from elsewhere Oxford-based Sophos, which is holding its annual general meeting next week, hit a six-month high on the day that FTSE 100 liste
Read moreRotork boosted by RBC upgrade
8th Sep 2016 12:16
(ShareCast News) - FTSE 250 engineer Rotork got a boost on Thursday as RBC Capital Markets upgraded its stance on the stock to 'sector perform' from 'underperform' and lifted the price target to 200p from 165p. It said that following recent underperformance and a sector re-rating, the shares no long
Read moreBroker tips: UK engineers, EnQuest, IG Group
16th Aug 2016 12:31
(ShareCast News) - Rotork, Spectris and Halma were under the cosh on Tuesday after HSBC downgraded its ratings on both stocks as it took a look at UK engineers. The bank cut Rotork to 'reduce' from 'hold' and trimmed the target price to 180p from 200p, pointing to poor visibility and margin pressure
Read moreRotork, Spectris and Halma slump on HSBC downgrade
16th Aug 2016 09:54
(ShareCast News) - Rotork, Spectris and Halma were under the cosh on Tuesday after HSBC downgraded its ratings on both stocks as it took a look at UK engineers. The bank cut Rotork to 'reduce' from 'hold' and trimmed the target price to 180p from 200p, pointing to poor visibility and margin pressure
Read moreBroker tips: Rotork, Crest Nicholson, Barclays
8th Aug 2016 13:21
(ShareCast News) - Jefferies maintained Rotork's rating at 'underperform' on Monday but raised its target price to 170p from 155p based on a higher 2017 forecast for the British manufacturer. "Markets are difficult and this is unlikely to change soon, there is pricing pressure, margins/returns are u
Read moreRotork 'underperform' rating unchanged, target price lifted by Jefferies
8th Aug 2016 09:36
(ShareCast News) - Jefferies maintained Rotork's rating at 'underperform' on Monday but raised its target price to 170p from 155p based on a higher 2017 forecast for the British manufacturer. "Markets are difficult and this is unlikely to change soon, there is pricing pressure, margins/returns are u
Read moreWeak oil prices dent Rotork profit
2nd Aug 2016 07:56
(ShareCast News) - FTSE 250 engineer Rotork posted a drop in first-half profit on Tuesday as revenue declined amid weaker oil prices. In the six months to the end of June, pre-tax profit fell 31.9% to £38.3m on revenue of £263.9m, down 2.7% from the year before. The company declared an interim divi
Read moreFTSE 250 movers: Phoenix Group firms on AXA Wealth deal
27th May 2016 15:30
(ShareCast News) - FTSE 250 was marginally firmer in late afternoon trade as UK traders wound down ahead of a long weekend, with few of today's in-the-news mid-cap stocks figuring among that index's top-10 risers. Shares in Phoenix Group Holdings were ahead as it agreed with AXA UK to buy AXA Wealth
Read moreMonday broker round-up
23rd May 2016 18:04
(ShareCast News) - Royal Mail: RBC upgrades to sector perform with a 525p target. Weir: HSBC upgrades to buy with a 1450p target. Sports Direct: Goldman Sachs downgrades to neutral with a target price of 400p. Easyjet: Macquarie reiterates outperform with a target of 2100p. ICAP: Credit Suisse re
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