Broker tips: Stagecoach, Next, Tullow Oil
28th Apr 2016 12:35
(ShareCast News) - Investec upgraded Stagecoach to 'reduce' from 'sell' saying that while the outlook for the company remains negative in many areas, much of this is already priced into the shares. The brokerage said it has adjusted its sum-of-the-parts valuation, removing Megabus Europe losses from
Read moreInvestec upgrades Stagecoach to 'reduce'
28th Apr 2016 10:31
(ShareCast News) - Investec upgraded Stagecoach to 'reduce' from 'sell' saying that while the outlook for the company remains negative in many areas, much of this is already priced into the shares. The brokerage said it has adjusted its sum-of-the-parts valuation, removing Megabus Europe losses from
Read moreStagecoach cautions over challenging UK rail outlook
27th Apr 2016 07:50
(ShareCast News) - FTSE 250 transport operator Stagecoach said revenue in the UK over the last year has been low as it cautioned the outlook for the UK rail industry was becoming increasingly challenging. In the 48 weeks to 2 April, like-for-like revenue in UK Bus was up 0.2%, with LFL sales in the
Read moreStagecoach slumps on HSBC downgrade
14th Mar 2016 15:39
(ShareCast News) - Transport operator Stagecoach was under pressure after HSBC downgraded the stock to 'reduce' from 'hold' and cut the price target to 240p from 295p, noting the third quarter trading update showed up potential weakness in the East Coast franchise. HSBC said the update was generally
Read moreTrain operator income under threat in competition proposals from CMA
8th Mar 2016 09:42
(ShareCast News) - UK train operators could face lower incomes and be forced to allow competing services against their existing route franchises, if new proposals from the competition watchdog are enforced. The Competition and Markets Authority (CMA) sent a report on Tuesday to the Secretary of Stat
Read moreBroker tips: Stagecoach, Shawbrook
3rd Mar 2016 15:58
(ShareCast News) - Stagecoach Group's shares declined on Thursday as Investec cut its rating to 'sell' from 'reduce' and target price to 250p from 300p. Investec said Stagecoach's trading update on Wednesday revealed softer revenues than expected in all divisions, apart from North America. The FTSE
Read moreThursday broker round-up
3rd Mar 2016 15:02
(ShareCast News) - ITV: Jefferies reiterates buy with a target price of 310p, Exane BNP Paribas keeps at neutral with a target of 250p, UBS stays at sell. 230P target and Nomura reiterates buy with a target price of 320p. Intertek: Deutsche Bank reiterates hold with a target price of 2700p and JP Mo
Read moreStagecoach's shares fall as Investec cuts rating to 'sell'
3rd Mar 2016 10:28
(ShareCast News) - Stagecoach Group's shares declined on Thursday as Investec cut its rating to 'sell' from 'reduce' and target price to 250p from 300p. Investec said Stagecoach's trading update on Wednesday revealed softer revenues than expected in all divisions, apart from North America. The FTSE
Read moreStagecoach staying on track in face of 'more challenging' market
2nd Mar 2016 08:13
(ShareCast News) - In a brief trading update Stagecoach said although it was operating in a "more challenging" environment, it remained on track to meet full year targets. The FTSE 250 bus and rail group said its expectations for group adjusted earnings per share for the year ending 30 April 2016 "h
Read moreStagecoach announces board changes; deputy chairman to step down
23rd Feb 2016 15:56
(ShareCast News) - Transport operator Stagecoach announced some changes to its board of directors as it said deputy chairman and senior independent director Garry Watts plans to step down on 1 April. Phil White will resign from the board with effect from 23 April after six years to pursue other inte
Read moreStagecoach, FirstGroup dash hopes of early start to new London Overground
4th Feb 2016 08:14
(ShareCast News) - Londoners' hopes for an early start to the new Overground operation were dashed by the Department for Transport on Thursday, with the announcement two private operators had been pre-qualified to run the next South Western franchise. Incumbent operator of South West Trains, Stageco
Read moreStagecoach appoints Tim Shoveller as MD of UK Rail
18th Jan 2016 10:07
(ShareCast News) - Transport operator Stagecoach has appointed Tim Shoveller as managing director of the group's UK rail division, which includes South West Trains and East Midlands Trains. Shoveller, who has been manager of South West Trains for the past four years, will report directly to chief ex
Read moreBroker tips: Ted Baker, Game Digital, Stagecoach
23rd Dec 2015 13:49
(ShareCast News) - Ted Baker has had its rating cut by Jefferies to 'hold' from 'buy' as mild winter weather, discounting in the US and a slowdown in Asia is expected to slow sales at the luxury fashion retailer. Jefferies has lowered its annual pre-tax profit forecast on the company to £58.6m, in l
Read moreRBC Capital Markets cuts Stagecoach price target
23rd Dec 2015 09:48
(ShareCast News) - RBC Capital Markets cut its price target on Stagecoach to 315p from 355p. Overall, it reckons Stagecoach shares have one of the strongest historical earnings delivery track records of the bus/rail segment peer group. "However, although we think Stagecoach has solid aspects, in th
Read moreLondon Waterloo named 'Top of the Stops'
16th Dec 2015 12:55
(ShareCast News) - One of London's rail terminals was once again named "Top of the Stops", with the Office of Rail and Road releasing its annual passenger figures for Britain's 2,552 stations this week. The announcement of London Waterloo as Britain's busiest railway station for the 2014-2015 statis
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