Thursday broker round-up
11th Aug 2016 19:13
(ShareCast News) - Astrazeneca: Berenberg reiterates buy with a target price of 5600p. Legal & General: RBC maintains outperform with a 300p target. Lloyds: JP Morgan reiterates neutral with a 62p target. Centamin: RBC stays at speculative risk with a 190p target. Staffline: Berenberg reiterates
Read moreSector movers: US jobs data gives cyclicals a boost
5th Aug 2016 15:30
(ShareCast News) - The wheels of the market turned in favour of cyclicals at the end of the week, following the release of a much stronger-than-expected reading on the state of the US jobs market. Although economists still appeared to be somewhat divided on whether the US central bank would finally
Read moreFriday broker round-up
5th Aug 2016 10:09
(ShareCast News) - Pets at Home: HSBC reiterates buy with a target price of 295p. BT: UBS maintains neutral with a 425p target. Aviva: Exane BNP Paribas reiterates underperform with a 400p target. Inmarsat: HSBC stays at hold with a 940p target. Cairn Energy: UBS upgrades to buy with a target pri
Read moreProduction downtime hits Randgold second quarter
4th Aug 2016 08:06
(ShareCast News) - Randgold Resources posted its second quarter production results on Thursday, and said production and costs were hit in the three months to June by a long mill downtime at Tongon and the Kibali plant's continuing transition to a mixed-ore feed, but added the improvement expected in
Read moreIssues at Tongon force Randgold to downgrade targets
25th Jul 2016 07:39
(ShareCast News) - Randgold Resources announced on Monday that its Tongon mine in Cote d'Ivoire has completed the final phase of its crusher expansion and mill circuit upgrade project, though recent issues had forced it to downgrade production targets. The FTSE 100 firm added that having also dealt
Read moreSector movers: Support services firms get boost from UBS
15th Jul 2016 17:37
(ShareCast News) - The Footsie closed higher for a fourth consecutive week for a cumulative 5% gain since the EU referendum vote, albeit wih defensive issues pacing gains in the form of advances for tobacco and pharmaceuticals. "More defensive sectors have led the way, showing that safety and yield
Read moreThursday broker round-up
14th Jul 2016 11:01
(ShareCast News) - Poundland: HSBC reiterates hold with a target price of 222p. Burberry: UBS keeps at buy with a 1650p target. Acacia: Jefferies reiterates buy with a 640p target. Genel: UBS stays at neutral with a 130p target. Asos: Goldman Sachs downgrades to neutral with a target price of 510
Read moreLondon close: Banks, financials and property fly amid BoE rate-cut chatter
7th Jul 2016 16:38
(ShareCast News) - UK shares flew north with Associated British Foods leading blue chips on a chipper update and chased by a peloton of banking, financial and property stocks on rising expectations of a Bank of England rate-cut next week. "Today marks the first day since the (non-binding Brexit) ref
Read moreMiners and defensives pace gains
4th Jul 2016 14:30
(ShareCast News) - Miners were doing best among the main market groups, with some market commentary referencing the boost to commodity prices from heightened expectations for further monetary stimulus from several of the world´s main central banks, while the Federal Reserve could be expected to stay
Read moreCredit Suisse restarts Glencore at outperform, raises target on Anglo American
30th Jun 2016 15:22
(ShareCast News) - Credit Suisse gave the mining sector a boost on Thursday as the broker raised its projections for the average price of some key base base and precious metals, while re-jigging its target prices on a large swathe of the mining space in the process. The outlook continued to be cloud
Read moreBroker tips: ITV, Randgold Resources, Fresnillo, UK banks
27th Jun 2016 17:00
(ShareCast News) - Nothing had changed with respect to ITV's fundamentals following Brexit despite the approximately 20% share price drop on 24 July, analysts at Liberum said, as they stood by their 'buy' recommendation and 375p target on the stock and singled it out as a 'top-pick'. That was true e
Read moreSector movers: Real estate and financial services shares weigh the most
27th Jun 2016 16:22
(ShareCast News) - Falls among smaller UK-focused shares weighed the most on the stockmarket, taking the second-tier FTSE 250´s cumulative two-day decline to 14% - its biggest since 1987. The FTSE 250 lost 1,120.19 points or 6.96% on Monday to end the session at 14,967.86. Real estate investments t
Read moreGoldman Sachs upgrades Randgold and Fresnillo
27th Jun 2016 14:18
(ShareCast News) - Precious metals miners Randgold Resources and Fresnillo were among the few gainers in equity markets on Monday again as gold prices hit a two-year high and supported by upgrades from Goldman Sachs. Goldman said in a note that it has lifted its gold price forecast for the second ha
Read moreSunday share tips: EasyJet, Randgold, Imperial Brands, AstraZeneca
26th Jun 2016 14:03
(ShareCast News) - Sell EasyJet shares due to the likely turbulence sparked by the Brexit vote, said the Sunday Times' Inside the City column. The budget airline was created by Stelios Haji-Ioannou in the wake of the 1992 European Union Treaty on Open Skies, one of the supposedly rare bits of Brusse
Read moreMiners and homebuilders pace losses, precious metals miners shine
9th Jun 2016 14:18
(ShareCast News) - Miners and homebuilders weighed on the main UK equity benchmarks the most, against a backdrop of sovereign bond yields slipping to record lows and some market commentary flagging the risk of sharp drops in equity markets. The yield on the benchmark 10-year Gilt closed one basis po
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