Friday broker round-up
28th Oct 2016 15:33
(ShareCast News) - Barclays: JP Morgan keeps at neutral with a target price of 190p. Standard Life: Jefferies stays at buy, 391p target. Senior: Berenberg reiterates buy with a 220p target. Imperial Brands: Deutsche Bank reiterates buy with a 4600p target. ITV: Credit Suisse reiterates outperform
Read moreSmiths Group to de-risk pension libalities with £250m buy-in deal
28th Oct 2016 07:04
(ShareCast News) - FTSE 100 engineer Smiths Group is to de-risk its pension liabilities further with a £250m bulk buy-in agreement with an insurer. The trustee of the Smiths Industries Pension Scheme has entered into a bulk annuity buy-in agreement with Pension Insurance Corporation, an insurer o
Read moreTuesday broker round-up
18th Oct 2016 12:36
(ShareCast News) - BT Group: Goldman Sachs keeps at buy with a target price of 560p. Bellway: Canaccord reiterates buy, 2350p target. Standard Life: Barclays keeps at underweight with a 301p target. Debenhams: HSBC maintains reduce with a 50p target. Smiths Group: UBS keeps at neutral with a 1510
Read moreSmiths Group establishes €2.5bn note programme
18th Oct 2016 07:13
(ShareCast News) - Smiths Group announced on Tuesday that it has established a €2.5bn euro medium term note programme with its ten relationship banks as dealers. The FTSE 100 firm said the EMTN programme will facilitate the issuance by the company of senior notes over time in various currencies and
Read moreSmiths Group FY profit slips amid tough markets for John Crane division
28th Sep 2016 07:15
(ShareCast News) - Smiths Group posted a drop in profits for the year to the end of July as its John Crane division suffered amid tough conditions in the global energy markets, but the results were still better than expected. Reported pre-tax profit fell 2% to £451m on revenue of £2.95bn, up 2% on a
Read moreSmiths Group to sell artificial lift business to Endurance Lift for $39.5m
23rd Sep 2016 07:02
(ShareCast News) - FTSE 100 engineering company Smiths Group is to sell its artificial lift business to Endurance Lift Solutions, which provides artificial lift platform to the oil and gas industry, for $39.5m, in order to use the proceeds to reinvest in growth opportunities. The deal, expected to c
Read moreBroker tips: Smiths Group, AB Foods, Micro Focus
30th Aug 2016 13:10
(ShareCast News) - Smiths Group's shares gained on Tuesday as JP Morgan Cazenove reiterated an 'overweight' rating and lifted the price target to 1,585p from 1,300p. JP Morgan said the technology company's 2016 financial year ended on a "very positive note", with the trading update on 9 August indic
Read moreSmiths Group given a boost as JP Morgan reiterates 'overweight'
30th Aug 2016 10:46
(ShareCast News) - Smiths Group's shares gained on Tuesday as JP Morgan Cazenove reiterated an 'overweight' rating and lifted the price target to 1,585p from 1,300p. JP Morgan said the technology company's 2016 financial year ended on a "very positive note", with the trading update on 9 August indic
Read moreTuesday broker round-up
30th Aug 2016 09:24
(ShareCast News) - Glencore: Jefferies reiterates hold with a target price of 180p. British American Tobacco: UBS maintains buy with a 5300p target. Smiths Group: Barclays reiterates overweight with a 1300p target. South 32: Exane BNP Paribas reiterates outperform with a 130p target. Diageo: Bere
Read moreJPMorgan Cazenove lifts Bodycote to Neutral, hikes target price
22nd Aug 2016 15:56
(ShareCast News) - JPMorgan Cazenonve has upgraded Bodycote to Neutral, from Underweight, and hiked its target price on the stock. It remains Overweight on GKN, Oxford Instruments, Smiths and Spirax-Sarco, and Underweight on Fenner and Weir. The brokerage said first-half 2016 for UK Capital Goods s
Read moreTuesday broker round-up
16th Aug 2016 11:38
(ShareCast News) - Investec: UBS reiterates buy with a target price of 550p. Hastings: Berenberg maintains buy with a 234p target. Auto Trader: Goldman Sachs reiterates buy with a 445p target. Smiths Group: HSBC stays at hold with a 1300p target. Rightmove: Goldman Sachs keeps at neutral with a t
Read moreSmiths Group sees FY revenue, operating profit ahead of views
9th Aug 2016 08:35
(ShareCast News) - Shares in Smiths Group rallied on Tuesday after the company sounded an optimistic note on its prospects for the full year. In a trading update for the year to the end of July, Smiths said full year revenue is expected to be above both expectations and the previous year thanks to a
Read moreTuesday broker round-up
2nd Aug 2016 10:58
(ShareCast News) - HSBC: Berenberg reiterates buy with a target price of 600p. Intertek: Numis maintains reduce with a 3100p target. Barclays: Citigroup reiterates buy with a 135p target. IAG: HSBC stays at reduce with a 325p target. Anglo American: UBS keeps at sell with a target price of 740p.
Read moreCredit Suisse sees 30% chance of 'Brexit lite', recommends buying UK dollar earners
29th Jun 2016 09:11
(ShareCast News) - In its latest global equity strategy note, Credit Suisse said there was a 30% chance of a 'Brexit lite' and no change in governing party until 2020. "We have a 30% chance of a second referendum which would take place if Boris Johnson is able to negotiate better terms (i.e. a brake
Read moreSocGen outlines post-referendum trade ideas
22nd Jun 2016 09:57
(ShareCast News) - Remain is the central scenario in Societe Generale's equity allocation model and the FTSE 100 is one of its preferred indices, the bank said as it outlined its equity trade ideas for both outcomes. In the event of a Brexit, SocGen expects that on 24 June and the following days, th
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