BoA Merrill Lynch ups Rotork and Vesuvius, downgrades Smiths
8th Jan 2019 07:42
(Sharecast News) - Rotork and Vesuvius rallied on Tuesday as Bank of America Merrill Lynch upgraded both stocks as part of a broader note on capital goods.
Read moreFTSE 250 movers: Oilers rise on OPEC agreement while Sirius dives
7th Dec 2018 14:42
(Sharecast News) - London's FTSE 250 was up 1.15% at 17,957.43 in afternoon trade on Friday, as oilers powered upward on the back of an OPEC decision to cut production.
Read moreRotork slides as orders dip due to 'timings, deliveries'
22nd Nov 2018 08:15
(Sharecast News) - Rotork, the liquid flow-control engineering specialist, reported a 4% drop in third-quarter order intake but said expectations for the full year were unchanged.
Read moreRBC backs UK engineering, dismisses downturn concerns
20th Nov 2018 13:34
(Sharecast News) - Fears that the British engineering sector is facing a significant downturn have been overplayed, according to analysts at RBC Capital Markets, leaving a number of companies undervalued.
Read moreWednesday broker round-up
8th Aug 2018 12:36
(Sharecast News) - Spire Healthcare Group: Berenberg downgrades to sell with a target price of 120p.
Read moreRotork profit rises thanks to larger orders, favourable market trends
7th Aug 2018 07:59
(Sharecast News) - Rotork, a FTSE 250 maker of industrial flow equipment, reported a jump in first-half pre-tax profit on Tuesday as revenue and order intake grew on the back of larger orders and favourable market trends.
Read moreUK equities look overbought, says Credit Suisse
6th Aug 2018 13:46
(Sharecast News) - Since April, UK equities have outperformed euro area stocks by around 3% and global stocks by around 1%, but with oil prices felt to have peaked and shares looking "overbought", Credit Suisse strategists have downgraded their stance.
Read moreCredit Suisse upgrades IMI, downgrades Rotork
26th Jan 2017 10:19
(ShareCast News) - Credit Suisse has upgraded IMI to 'outperform' from 'neutral' and downgraded Rotork to 'neutral' from 'outperform', lifting the former's price target to 1,220p from 1,020p and cutting the latter's to 250p from 230p. The upgrade of IMI is on the basis that around 60% of its end mar
Read moreMerrill Lynch upgrades Spectris and Spirax, prefers Smiths Group
11th Jan 2017 11:40
(ShareCast News) - Engineering shares were boosted by a note from Bank of America Merill Lynch that upgraded Spectris and Spirax-Sarco Engineering but said Smiths Group was its preferred UK name in a sector where investors are looking to rotate towards cyclical stocks. While positive data indicators
Read moreFriday broker round-up
6th Jan 2017 17:33
(ShareCast News) - Antofagasta: Jefferies reiterates hold with a target price of 700p. Ascential: Deutsche Bank reiterates buy with a 300p target. Rotork: JP Morgan stays at neutral with a 230p target. Vodafone: Barclays reiterates overweight with a 225p target. Britvic: JP Morgan maintains neutr
Read moreSmiths, Rotork gain as Goldman starts stocks at 'buy'
6th Jan 2017 08:42
(ShareCast News) - Manufacturing company Rotork and engineer Smiths Group got a boost on Friday as Goldman Sachs initiated coverage of both stocks at 'buy'. The bank set a 280p price target on actuator supplier Rotork, saying it expects to see trough earnings in 2016. Goldman's buy case is based on
Read moreSector movers: UK engineers pace gains
5th Dec 2016 16:34
(ShareCast News) - Cyclicals and defensives switched places on the leaderboard on Monday, when compared to the end of the previous week. Shares in some of the main UK engineers were among the best performers amid the former following a positive endorsement on the space from analysts at HSBC said in
Read moreSector 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 more