Wednesday broker round-up
1st Aug 2018 13:19
(Sharecast News) - Rightmove: Berenberg downgrades to sell with a target price of 4,100p.
Read moreShift from active to passive asset managers slowing, UBS says
1st Aug 2018 10:58
(Sharecast News) - European asset managers are facing better conditions in the second half of the year, UBS said on Wednesday, suggesting UK funds Schroders and Ashmore would benefit most.
Read moreSchroders interim pre-tax profit, AuM rise
26th Jul 2018 07:44
(Sharecast News) - Schroders reported a rise in first-half pre-tax profit on Thursday as assets under administration and net inflows edged higher and the asset manager lifted its interim dividend by 3%.
Read moreFriday newspaper share tips: Tate&Lyle, Schroders
4th Nov 2016 15:34
(ShareCast News) - Tate&Lyle continues to be an attractive proposition for investors despite recent sharp share price gains, The Times's Tempus said. The company's medium-term strategy is to reinvest profits from its bulk ingredients side into its speciality food ingredients arm, with a target of ac
Read moreSchroders' net inflows fall as AuM boosted by sterling collapse
3rd Nov 2016 07:04
(ShareCast News) - Fund manager Schroders reported flat profits in the first nine months of the year as its assets under management increased despite a fall in net inflows. For the nine months ended 30 September, the FTSE 100 company had £375bn assets under management, a 27% increase from last year,
Read moreJupiter Fund boosted by Barclays upgrade
11th Oct 2016 10:39
(ShareCast News) - Jupiter Fund Management got a boost on Tuesday as Barclays upgraded the stock to 'overweight' from 'equalweight' and lifted the price target to 525p from 420p to reflect a sector re-rating and earnings per share upgrades. The bank said Jupiter had "remarkably resilient" net inflow
Read moreFTSE 100 movers: ITV, Legal&General lead declines
3rd Oct 2016 17:15
(ShareCast News) - ITV shares were at the bottom of the pile after analysts at Barclays lowered their target price on the stock from 200.0 to 190.0p. Fashion retailers were also weak, tracking the 1.04% drop in the pound against the US dollar after the Prime Minister committed herself at the weekend
Read moreAsset management declines lead slide at Schroders
28th Jul 2016 08:09
(ShareCast News) - Asset management company Schroders posted its half-year results to 30 June on Thursday, with profit before tax dropping to £282.3m from £290.3m. Of that, profit before tax in asset management dropped to £249.1m from £265m, but in wealth management it grew to £28.4m from £26m, and
Read moreSchroders cut to 'neutral' from 'buy' by Goldman Sachs
21st Jul 2016 10:07
(ShareCast News) - Goldman Sachs downgraded Schroders to a 'neutral' rating from 'buy' on Thursday but raised its target price to 2930p from 2800p. The bank said the Schroders rating downgrade reflects the challenges facing the asset management industry as yields fall and growth expectations are red
Read moreCredit Suisse sees rising odds of Brexit 'lite', lowers year-end Footsie target
27th Jun 2016 11:36
(ShareCast News) - Credit Suisse marked down its year-end target for the Footsie but was not overly pessimistic, emphasising that it saw rising odds of a 'Brexit lite', versus a hard Brexit which would include invoking Article 50 of the Lisbon Treaty, although in the opinion of its analysts there wa
Read moreFriday broker round-up
29th Apr 2016 12:44
(ShareCast News) - BT Group: UBS upgrades to neutral with a 430p target. Howden Joinery: JP Morgan reiterates overweight with a 570p target. Weir: HSBC upgrades to hold with a target price of 1150p JP Morgan reiterates underweight with a target of 735p and Jefferies stays at underperform with 730p
Read moreSchroders lifts Q1 assets under management
28th Apr 2016 07:30
(ShareCast News) - Wealth manager Schroders said total quarter on quarter assets under management rose to £324.9bn from £313.5bn, but first quarter pre-tax profits fell to £137.9m from £141.7m. Net inflows fell to £2.7bn from £5.1bn against a backdrop of volatile markets. Asset management net operat
Read moreMonday broker round-up
11th Apr 2016 16:20
(ShareCast News) - Phoenix Group: JP Morgan downgrades to neutral with a target price of 942p. Fresnillo: RBC downgrades to underperform with a target price of 750. Jupiter Management: UBS reiterates neutral with a target price of 410p and Jefferies keeps at buy, 472p target. Petrofac: Nomura keep
Read moreJefferies upgrades Schroders, downgrades Ashmore
11th Apr 2016 08:54
(ShareCast News) - Jefferies upgraded Schroders to 'buy' from 'hold' given the stock's recent share price performance, as it took a look at UK asset managers. The bank highlighted its preference for asset managers diversified by assets and client type, with strong cores of more persistent institutio
Read moreBroker tips: M&S, Experian, Schroders
8th Apr 2016 13:52
(ShareCast News) - Marks & Spencer was upgraded to 'buy' from 'speculative buy' by Canaccord Genuity on Friday after the retailer reported its fourth quarter results. Canaccord also raised its target price on M&S to 475p from 460p, saying there was potential for a new strategic focus under new chief
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