Broker tips: GSK, Sage, Burberry
14th Jul 2016 10:39
(ShareCast News) - Shares in GlaxoSmithKline rose on Thursday as Jefferies upgraded the stock to 'buy' from 'hold' and lifted the target price to 2,000p from 1,650p. "We have upgraded GSK to 'buy' from 'hold' with a target price of 2,000p as we believe that the improving yield quality will continue
Read moreDeutsche Bank initiates coverage of Sage at 'buy'
14th Jul 2016 10:16
(ShareCast News) - Deutsche Bank initiated coverage of software company Sage at 'buy' with a 760p price target. DB said Sage's revenue growth has accelerated as it migrates its large installed base from a traditional licensing model to subscriptions, reducing churn and increasing average customer ru
Read moreTuesday broker round-up
7th Jun 2016 16:27
(ShareCast News) - Countrywide: Jefferies reiterates buy with a target price of 600p. Coca-Cola Hbc: Credit Suisse keeps at neutral with a 1500p target. Weir Group: Canaccord upgrades to hold with a target price of 1200p. Johnson Matthey: Berenberg Bank keeps at neutral with a target of 2880p. Sa
Read moreMonday broker round-up
9th May 2016 15:26
(ShareCast News) - Easyjet: RBC upgrades to outperform with a 1500p target. Restaurant Group: UBS downgrades to neutral with a 305p target. Burberry: Barclays keeps at equal-weight with a 305p target. Smith & Nephew: Berenberg reiterates buy with a target of 1300p and Barclays stays at overweight
Read moreSage first-half profit drops, buys stake in Fairsail
5th May 2016 08:27
(ShareCast News) - Software company Sage reported a drop in first-half pre-tax profit despite a rise in revenue, as it announced an agreement to buy a 20.7% stake in Fairsail. In the six months to the end of March, pre-tax profit fell 15.6% to £142m, even as revenue rose to £747m from £717m, as the
Read moreThursday preview: Sage and BT Group report results
4th May 2016 12:44
(ShareCast News) - Software company Sage is expected to report growth in its first half interims on Thursday, supported by an increase in sales and foreign exchange improvements. Numis has forecast revenue will rise to £729m from £706 the previous year and earnings before interest, tax, depreciation
Read moreWednesday broker round-up
6th Apr 2016 14:37
(ShareCast News) - Electrocomponents: Credit Suisse upgrades to neutral with a target price of 250p. Telecom Plus: Berenberg Bank downgrades to hold, 250p target. Informa: Berenberg Bank maintains hold with a target price of 725p. ITV: Credit Suisse reiterates outperform with a target price of 310
Read moreFTSE 100 movers: Sage leads market back into the black
27th Jan 2016 14:08
(ShareCast News) - After a turbulent day, the FTSE 100 was up 12.72 points (0.22%) by mid-afternoon Wednesday to 5,924.18. Sage led the market after posting an increase in first quarter revenues, driven by strong software subscription revenue. It saw group organic revenue for the three months to 31
Read moreBroker tips: RBS, Croda, Sage
27th Jan 2016 10:43
(ShareCast News) - Shore Capital reiterated its 'buy' rating on Royal Bank of Scotland after the bank reported a surprise hit to its balance sheet as part of a clean-up plan. In an unscheduled trading update, RBS confirmed it would make a loss for 2015 and announced a large clean-up in the fourth qu
Read morePanmure Gordon reiterates hold on Sage
27th Jan 2016 10:06
(ShareCast News) - Sage´s first quarter management statement contained both positives and negatives and with the stock trading at a slight premium to its sector Panmure Gordon reiterated its recommendation to 'hold'. On the upside, the business software provider reiterated its fiscal year guidance a
Read moreSoftware subscriptions drive Sage's revenue growth
27th Jan 2016 07:15
(ShareCast News) - Sage's first quarter revenues were up, driven by strong software subscription revenue. The FTSE 100 company saw group organic revenue for the three months to 31 December rise 6.6%. Organic recurring revenue grew by 10.4%, with a 35.7% rise in software subscription revenue. Howev
Read moreFTSE 100 movers: Anglo surges on report Brazil business sale process underway
11th Jan 2016 14:13
(ShareCast News) - The FTSE 100 continued to bounce around on Monday, with the market up 6.36 points (0.11%) to 5,918.80 points by mid-afternoon. On a day of lacklustre metals trading, with key commodities down halfway through the afternoon session, investors took to heart news that Anglo American i
Read moreBofA Merrill Lynch lifts Sage on long-term growth
11th Jan 2016 13:50
(ShareCast News) - Software supplier Sage got a boost after Bank of America Merrill Lynch upgraded the stock to 'buy' from 'underperform' and lifted the price target to 660p from 400p. "We think CEO Kelly is building a better business than he inherited - through investment in product and go to marke
Read moreThursday newspaper share tips: Fears of BT Openreach split overdone
3rd Dec 2015 11:38
(ShareCast News) - Fears that BT may be forced to sell its infrastructure arm have been overdone, according to The Telegraph's Questor. Sharon White, the head of Ofcom, told the BBC earlier this week that it is looking at four options to for the FTSE 100 telco as it plans to merge with mobile phone
Read moreSage Group hit by profit taking despite 8% organic growth
2nd Dec 2015 07:27
(ShareCast News) - Software company Sage Group said strong growth in recurring revenue helped to drive an 8% rise in organic group full year operating profits to £380m. However, statutory figures reflected the impact of currency fluctuations in Sage's key markets of Europe, the US and Brazil, with o
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