Friday broker round-up
12th Feb 2016 15:24
(ShareCast News) - Cambian Group: Berenberg downgrades to hold with a target of 60p. Shaftesbury: Credit Suisse upgrades to outperform with a target price of 945p. Acacia Mining: UBS and Deutsche Bank reiterate buy with a target of 275p and 280p respectively. Ashmore: Citigroup stays at buy with a
Read moreShaftesbury director doubles stake after trading update
11th Feb 2016 16:02
(ShareCast News) - Shaftesbury director Sally Walden has doubled her stake in the company after a positive trading update last week. Walden bought 20,000 shares in the real estate investment trust on Thursday for £169,000. It takes her stake to 40,000 shares, or 0.01%. The purchase followed a trad
Read moreCredit Suisse downgrades Derwent London and Great Portland on Brexit risks
11th Feb 2016 14:41
(ShareCast News) - Recent underperformance by the listed UK real estate outfits focused on the London office market was the result of the upcoming vote on the country's continued membership of the European Union, but the present moment did not seem to be an "obvious entry point", Credit Suisse said.
Read moreThursday broker round-up
11th Feb 2016 13:52
(ShareCast News) - ARM Holdings: JP Morgan reiterates neutral with a target of 950p, Exane BNP Paribas keeps at outperform, 1300p target, Deutsche Bank stays at hold, 1000p target, Goldman Sachs maintains buy with a target of 1400p, Citigroup keeps at neutral and Bryan, Garnier & Co reiterates buy.
Read moreShaftesbury continues to see strong tenant demand
5th Feb 2016 12:44
(ShareCast News) - Real estate investment trust Shaftesbury said it continued to see strong tenant demand, underpinned by robust footfall and spending, with good progress on its major schemes. In a trading update for the period from 1 October 2015 to 4 February 2016, Shaftesbury reported EPRA vacanc
Read moreBroker tips: Centrica, Shaftesbury
22nd Dec 2015 15:52
(ShareCast News) - RBC Capital Markets cut its target price on Centrica to 260p from 280p, but reiterated its 'outperform' recommendation. "We remain supporters of Centrica's strategy, but it is unsurprising that longer-term positives are currently being outweighed by weak oil & gas prices," said th
Read moreThursday broker round-up
8th Oct 2015 17:33
(ShareCast News) - Tullow Oil: JP Morgan Cazenove upgrades to overweight, cuts target price to 310.00p. Soco International: UBS downgrades to sell, keeps target price at 150.00p. Synthomer: Berenberg Bank starts new coverage with a buy, sets target price at 400.00p. Weir Group: Investec Securities
Read moreGood rental growth for Shaftesbury, but limited room to expand
30th Sep 2015 07:55
(ShareCast News) - Strong demand and low rental vacancies could prove problematic for Shaftesbury. The FTSE 250 company posted a trading update on Wednesday. It highlighted that the West End, which accounts for 72% of its rental income, continued to flourish especially after a buoyant summer and in
Read morePel and Orosi to purchase nine per cent of Shaftesbury
13th Jul 2015 16:31
(ShareCast News) - Singapore-based PEL Holdings and Orosi Holdings will take an additional stake of 9.3% in FTSE-250 listed Shaftesbury, according to a report citing Bloomberg. As of 15:14 shares in the commercial property investment company were rising 3.33% to 897.5p, and were trading just below t
Read moreMonday broker round-up
1st Jun 2015 09:48
Lamprell: Citi reiterates neutral recommendation and raises target to 155p. British Land: JP Morgan ups target to 970p from 950p and stays at overweight. Derwent London: JP Morgan raises target to 3,900p from 3,800p but keeps at overweight. Great Portland Estates: JP Morgan lifts target to 920p fr
Read moreThursday broker round-up
26th Mar 2015 17:39
Reckitt Benckiser: JP Morgan ups target price to 2,750p from 2,400p, reiterates underweight. Premier Farnell: UBS hikes target to 190p from 165p, reiterates neutral. Serco Group: Credit Suisse lowers target to 171p from 208p, reiterates neutral. Land Securities: Morgan Stanley ups target to 1,470p
Read moreShaftesbury secures £130m loan with Aviva Commercial Finance
18th Mar 2015 08:12
Real estate investor Shaftesbury secured on Wednesday a £130m loan with Aviva Commercial Finance. The 15-year loan will be secured on certain properties held in a subsidiary company and has a fixed interest rate of 3.2%. Shaftesbury said it will cancel a £100m credit facility with Nationwide which
Read moreThursday broker round-up
27th Nov 2014 10:15
Amlin: Numis upgrades to 'buy' with a target price of 535p. Amerisur Resources: PeelHunt lowers target price from 58p to 50p and reiterates a 'hold' recommendation. Associated British Foods: Citi raises target price from 3100p to 3700p and maintains its 'buy' recommendation. Avingtrans: FinnCap up
Read moreShaftesbury NAV soars on demand for property in London's West End
27th Nov 2014 09:42
Very strong demand across its property portfolio in the last year has driven net asset value (NAV) soaring higher at Shaftesbury, the real estate investment trust focused on London's West End. NAV increased by 25.7% to £7.13 per share, well ahead of analyst forecasts, thanks to high occupier and inv
Read moreShaftesbury could receive takeover bid from Hong Kong billionaire
16th Nov 2014 16:11
FTSE 250-listed property group Shaftesbury is expected to become the target of a bid takeover from a Hong Kong billionaire. Samuel Tak Lee's business, Prudential Enterprise, has grown its stake in the company above 5% in the past month, leading to rumours of a potential bid, the Sunday Times reporte
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