Tuesday broker round-up
3rd May 2016 15:50
(ShareCast News) - Tullow Oil: Goldman Sachs upgrades to buy with a 274,30p target. RSA Insurance: Barclays upgrades to overweight with a 545p target. RBS: UBS reiterates neutral with a target price of 250p Barclays reiterates equal-weight with a target of 270p and Goldman Sachs stays at buy with 3
Read moreRSA Insurance boosted by Barclays upgrade
3rd May 2016 08:58
(ShareCast News) - RSA Insurance got a boost on Tuesday as Barclays upgraded the stock to 'overweight' from 'equalweight' and lifted the price target to 545p from 457p. Barclays said RSA's full-year 2015 underlying results were "very strong", beating company collected underlying earnings per share c
Read moreCredit Suisse eliminates Aviva from Europe Focus List
12th Apr 2016 11:36
(ShareCast News) - Recent underperformance led analysts at Credit Suisse to remove Aviva from their Europe Focus List, but they expected the stock's price to close the gap versus its peers over the next few years. The decision to remove the stock from that list was triggered by the shares' breach of
Read moreRSA completes sale of Colombian operations
1st Apr 2016 07:04
(ShareCast News) - RSA Insurance Group has completed the sale of its operations in Colombia to Suramericana SA, the insurance subsidiary of Grupo de Inversiones Suramericana. The company said it expected that the completion of the remaining disposals of its Latin American operations - in Chile, Arge
Read moreSector movers: Financials pace gains, led by Aviva
11th Mar 2016 18:44
(ShareCast News) - Financials led gains at the end of the week in a delayed reaction to the barrage of easing measures unleashed by the European Central Bank in the previous session. On 10 March, the ECB ramped up its policy stimulus, which appeared to be crafted so as to stoke lending to the real e
Read moreThursday broker round-up
10th Mar 2016 13:41
(ShareCast News) - Eagle Eye Solutions: Panmure Gordon downgrades to hold with a target price of 163p. Genel Energy: RBC downgrades to sector perform, 115p target. The Restaurant Group: Berenberg downgrades to hold with a target price of 550p, Goldman Sachs downgrades to neutral, 525p target, Citig
Read moreNomura upgrades Admiral to 'buy'
8th Mar 2016 10:40
(ShareCast News) - Nomura upgraded Admiral to 'buy' from 'neutral' and lifted the price target to 2,325p from 1,630p as it took a look at UK non-life insurers. The Japanese bank's two key reasons for upgrading the stock are exposure to rising UK motor rates and the potential to pay out excess capita
Read moreFTSE 100 movers: Lloyds leads index back over 6,000
25th Feb 2016 14:15
(ShareCast News) - The FTSE 100 was back over 6,000 on Thursday, erasing losses from the previous two days. The blue-chip index was up 146.76 points (2.50%) to 6,013.94 by mid-afternoon. Lloyds Banking Group was the big riser, after it saw underlying profit increase 5% to £8.1bn during the year, wi
Read moreRestructure sees RSA profits soar in 2015
25th Feb 2016 07:42
(ShareCast News) - RSA Insurance Group's restructure and turnaround paid off in 2015, with the firm reporting significant increases in income and earnings for the calendar year in its preliminary results on Thursday. The FTSE 100 company saw core group premiums rise 1%, though overall group net writ
Read moreBroker tips: Spire Healthcare, RSA, European equtities
8th Jan 2016 10:49
(ShareCast News) - Investec recommended a 'sell' rating on Spire Healthcare and put its target price under review on Friday after the company reiterated its full year guidance. The private hospital group said in a trading update that it continues to expect 2015 revenue growth in the range of £882m t
Read moreNomura switches preference from Direct Line to RSA Insurance
8th Jan 2016 10:19
(ShareCast News) - Nomura downgraded Direct Line to 'neutral' from 'buy' while retaining its 400p price target, switching its preference in UK non-life to RSA Insurance, which it raised to 'buy' from 'neutral' with an unchanged price target of 495p. Nomura pointed out that DLG has been a star perfor
Read moreFTSE 100 movers: Miners slump on China data but Randgold shines
4th Jan 2016 14:00
(ShareCast News) - London's FTSE 100 was down 2.2% to 6,106.37 at 1418 GMT, kicking off the new year with broad-based losses following the release of uninspiring Chinese data. Heavily-weighted miners, which are heavily reliant on demand from China, were hit hard following the release of disappointin
Read moreBroker tips: Royal Mail, M&S, UK insurers
4th Jan 2016 13:17
(ShareCast News) - Credit Suisse has cast doubt on rumours of a bid by Royal Mail for Dutch rival PostNL. In the run up to Christmas, there were newspaper reports that Royal Mail was preparing a €5 per share bid for PostNL, although this was denied by the Dutch company. Credit Suisse said it doubte
Read moreFloods to hit RSA and Aviva harder than Direct Line, says UBS
4th Jan 2016 09:59
(ShareCast News) - UBS has estimated net losses of £150m to £308m from storms Desmond, Eva and Frank at RSA Insurance, Direct Line and Aviva, equivalent to 3%, 2% and 1% of market caps respectively. The bank noted that KPMG has put the economic cost at £5bn and insured losses at £1.5bn from the firs
Read moreRSA Insurance completes sale of Italian business
4th Jan 2016 07:41
(ShareCast News) - RSA Insurance has completed the sale of its business in Italy to ITAS Mutua following the receipt of regulatory approval. Headquartered in Trento, Italy and founded in 1821, ITAS is the oldest mutual insurance company in Italy. It provides over 1.2m policies to almost 700,000 ins
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