Friday broker round-up
10th Aug 2018 12:58
(Sharecast News) - Rolls Royce: JP Morgan downgrades to underweight with a target price of 965p.
Read moreRolls-Royce cash-flow confidence impresses analysts
3rd Aug 2018 13:32
(Sharecast News) - Rolls-Royce has clearer skies ahead, analysts at Societe General, UBS and Deutsche Bank said on Friday, encouraged by the engine maker's confidence in delivering strong cash flows despite the high costs from the Trent 1000 engine issues.
Read moreRolls-Royce improves guidance but takes £554m Trent hit
2nd Aug 2018 07:10
(Sharecast News) - A leaner and meaner Rolls-Royce said full year profits and cash flow should be towards the higher end of expectations but that it had taken a £554m exceptional charge due to problems with its Trent 1000 aeroplane engine.
Read moreWednesday broker round-up
15th Feb 2017 09:21
(ShareCast News) - William Hill: HSBC downgrades to Reduce with a target price of 255p. Smith & Nephew: Berenberg reiterates Hold with a target price of 1275p. JD Wetherspoon: Deutsche Bank reiterates Sell with a target price of 600p. Acacia: Jefferies reiterates Buy with a target price of 575p.
Read moreLondon close: FTSE mixed after UK inflation, Yellen testimony
14th Feb 2017 16:58
(ShareCast News) - UK stocks ended Tuesday's see-saw session on a mixed note as less-than-enthusiastic investors scrutinised UK inflation data and after US Federal Reserve chair Janet Yellen's words to the Senate banking committee. At the close in London, the FTSE 100 was down 0.14% to 7268.56 and t
Read moreAnalysts disagree over whether Rolls-Royce has 'turned a corner'
14th Feb 2017 09:29
(ShareCast News) - With the furore around Rolls-Royce's record loss due to new reporting standards having mostly subsided, Jefferies wondered whether "a corner has been turned", but others saw 2017 as just another transition year. The FTSE 100 engine maker reported a £4.6bn pre-tax loss after the ne
Read moreTuesday broker round-up
14th Feb 2017 09:07
(ShareCast News) - Antofagasta: Bank of America Merill Lynch upgrades to Buy with a target price of 1050p. Reckitt Benckiser: Berenberg reiterates Buy with a target price of 8500p. British American Tobacco: Citigroup reiterates Buy with a target price of 5600p. Glencore: Deutsche Bank reiterates H
Read moreRolls-Royce posts £4.6bn loss, expects 'modest' improvement in 2017
14th Feb 2017 07:07
(ShareCast News) - Rolls-Royce posted a record £4.6bn pre-tax loss but revealed a better than expected underlying profit and that efforts to cut costs as part of its transformation programme were at the top end of expectations. For 2017 the engine maker said it expected "modest" improvement in sales
Read moreTuesday preview: CPI seen rising to the occasion amid Valentine's data orgy
13th Feb 2017 10:54
(ShareCast News) - After a relatively noncommittal start to the week, Tuesday will provide a real feel for market sentiment amid an orgy of macroeconomic data on St Valentine's Day, with UK inflation expected to stiffen and hopes European industrial production will rise to the occasion. Eyes will al
Read moreFormer Rolls-Royce chief reportedly questioned in SFO investigation
10th Feb 2017 13:47
(ShareCast News) - Former Rolls-Royce chief executive John Rose has been reportedly questioned by Britain's Serious Fraud Office in a bribery investigation. Rose was one of many former Rolls-Royce executives questioned in the investigation, which the company settled last month by agreeing to pay £67
Read moreWednesday broker round-up
8th Feb 2017 11:50
(ShareCast News) - RBS: Deutsche Bank upgrades to hold with a target price of 220p. DCC: JP Morgan reiterates overweight, 8160p target. Rolls Royce: JP Morgan reiterates neutral with a 740p target. Ascential: Deutsche Bank stays at buy with a 300p target. Aberdeen Asset Management: RBC upgrades t
Read moreTuesday broker round-up
7th Feb 2017 15:10
(ShareCast News) - Cairn Energy: Deutsche Bank upgrades to buy with a target price of 275p. Servelec Group: Berenberg reiterates buy, 391p target. Anglo American: JP Morgan reiterates overweight with a 1470p target. Premier Oil: Deutsche Bank downgrades to hold with a 90p target. Sanne Group: Be
Read moreSector movers: Aerospace & Defence, Mining lead gains
7th Feb 2017 14:41
(ShareCast News) - Strength in the US dollar helped drive gains in Aerospace&Defence. In remarks on Monday evening, the president of the US federal reserve bank of Philadelphia, Patrick Harker, reiterated his support for three interest rate hikes over the course of 2017. Indeed, in his opinion a fi
Read moreRolls-Royce boosted by UBS upgrade to 'buy'
1st Feb 2017 09:37
(ShareCast News) - Aerospace and defence group Rolls-Royce got a boost on Wednesday as UBS upgraded the stock to 'buy' from 'neutral' and lifted the price target to 835p from 800p. The bank said the shares were "unloved", with a high level of scepticism about management's ability to deliver adequate
Read moreRolls-Royce agrees to pay £671m bribery and corruption settlement
17th Jan 2017 07:06
(ShareCast News) - Rolls-Royce has agreed to pay £671m plus interest to settle bribery and corruption allegations in the UK, US and Brazil, it announced in a statement after the market closed on Monday. The FTSE 100 engineer said it had reached a voluntary provisional agreement to suspend prosecutio
Read more