Friday 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
Read moreExane BNP downgrades Schroders to 'neutral'
8th Apr 2016 10:03
(ShareCast News) - Exane BNP Paribas downgraded Schroders to 'neutral' from 'outperform' and cut the price target 10% to 2,700p as it took a look at asset managers. While it remains positive on the long-term investment case for Schroders, Exane said its weak flow and fund performance momentum, lack
Read moreBroker tips: Domino's Pizza, BBA Aviation, Schroders
4th Mar 2016 12:15
(ShareCast News) - Credit Suisse reaffirmed its 'outperform' recommendation on Domino's Pizza and boosted its target price for the shares, while pointing to scope for further upside to the company's earnings per share. The Swiss broker highlighted the company's decision to re-introduce stock buyback
Read moreCitigroup downgrades Schroders as it forecasts drop in 2016 EPS
4th Mar 2016 09:57
(ShareCast News) - Shares in asset manager Schroders slumped on Friday as Citigroup downgraded the stock to 'neutral' from 'buy'. The bank continues to like Schroders' diversified assets under management mix, growth potential and ability to cope with regulatory hurdles. However, on a 12-month view,
Read moreFriday newspaper round-up: Pensions, BHS, SSI, Schroders
4th Mar 2016 07:12
(ShareCast News) - George Osborne is facing mounting pressure from within government to rule out radical changes to pensions tax relief, with the pensions minister Ros Altmann cautioning against a major overhaul of the system. With a final decision imminent on the future shape of pensions tax relief
Read moreSchroders books solid earnings growth, names new CEO
3rd Mar 2016 07:18
(ShareCast News) - Schroders reported some strong profit rises in the 2015 calendar year on Thursday, and named Peter Harrison as its new chief executive officer. The asset manager said profit before tax and exceptional items rose 8% to £609.7m, from £565.2m, while profit before tax jumped 14% t
Read moreUBS adds Schroders to 'Key Calls' list
25th Feb 2016 11:39
(ShareCast News) - UBS added Schroders, which it rates at 'buy' with a 2,800p price target, to its 'Key Calls' list despite the headwinds facing UK asset managers, as the stock is currently undervalued. "We expect the firm to benefit from its well-diversified product mix, as well as its strong distr
Read moreBroker tips: Schroders, Asos, BHP Billiton
21st Jan 2016 16:21
(ShareCast News) - Schroders current share price offers an attractive entry point for investors, having dropped said RBC Capital Markets as it upgraded the asset manager to 'outperform'. Setting a price target of 3,100p that offers more than 25% upside, RBC said Schroders had the strongest balance s
Read moreRBS upgrades Schroders on diversification appeal and non-voting discount
21st Jan 2016 15:10
(ShareCast News) - Schroders current share price offers an attractive entry point for investors, having dropped said RBC Capital Markets as it upgraded the asset manager to 'outperform'. Setting a price target of 3,100p that offers more than 25% upside, RBC said Schroders had the strongest balance s
Read moreEquity investors going into 2016 with very little faith, says Barclays
10th Dec 2015 11:52
(ShareCast News) - European investors are going into next year with very little faith in the future, Barclays said in strategy note. The bank expects earnings per share growth of 12% in Continental Europe and 8% in the UK. Barclays said that while European equities feel like a consensus 'long', ove
Read moreBarclays downgrades Schroders, bumps up Jupiter
11th Nov 2015 15:07
(ShareCast News) - Barclays downgraded Schroders to 'equalweight' from 'overweight' and cut the price target to 3,140p from 3,450p as it took a look at European diversified financials. It said Schroders modestly disappointed on its third quarter flows and assets under management update with its mark
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