Morgan Stanley downgrades Sports Direct, says it's no longer undervalued
9th Oct 2015 10:03
(ShareCast News) - Sports Direct International was under the cosh after Morgan Stanley downgraded the stock to 'equalweight' from ''overweight', keeping the price target at 680p, saying the risk/reward is now more balanced. It said that with 8% implied downside from the current share price, an 'equa
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 moreSports Direct plans multi-million investment in Heatons
8th Oct 2015 15:20
(ShareCast News) - Sports Direct International said it plans to make a multi-million investment in the Heatons store portfolio, after it announced on Wednesday that it has entered into a sale and purchase agreement to buy the remaining stake it doesn't already own in the company. The sports retailer
Read moreBroker tips: M&S, European airlines, Sports Direct
7th Oct 2015 13:49
(ShareCast News) - Marks & Spencer was under pressure after JPMorgan Cazenove downgraded the stock to 'neutral' from 'overweight' and cut its price target to 550p from 600p. The bank said it expects another quarter of negative like-for-like performance from M&S in General Merchandise and it's also c
Read moreRBC Capital downgrades Sports Direct, sees better value elsewhere
7th Oct 2015 12:05
(ShareCast News) - RBC Capital Markets downgraded Sports Direct to 'sector perform' from 'outperform' and cut its price target to 850p from 900p. The Canadian bank said Sports Direct's already-dominant position in UK sportswear retailing means that its long-term growth increasingly will have to come
Read moreSports Direct looks to acquire Heatons' owner
7th Oct 2015 07:41
(ShareCast News) - Sports Direct International is looking to takeover Warrnambool, the holding company of retail business Heatons. The FTSE 100 company announced on Wednesday it had entered into a sale and purchase agreement with minor shareholder Sandra Minor, as well as a conditional put and call
Read moreSports Direct issues in-line reassurance ahead of AGM
9th Sep 2015 07:25
(ShareCast News) - A humdrum update from Sports Direct revealed trading continued to be in line with management's full year expectations, as directors psyched themselves up for what could be another fiery annual shareholder meeting later on Wednesday. Royal London, a leading institutional investor t
Read moreSports Direct price target from Goldman Sachs offers 25% upside
21st Jul 2015 13:06
(ShareCast News) - Shares in Sports Direct International are a 'buy' for Goldman Sachs, which nudged up price target to offer 25% upside due to the retailer's recent share underperformance and a unique combination of plus-points. The FTSE 100 group's lows costs, own-brand offering and clear alignmen
Read moreBroker tips: Aveva, SABMiller, Sports Direct
21st Jul 2015 11:28
(ShareCast News) - UBS raised its price target on Aveva to 2,600p from 2,210p following news that the company has agreed a reverse takeover by Schneider Electric. It said the proposed deal looks sensible and there should be cross-selling opportunities created, although it expects cost saving opportu
Read moreLondon close: Losses in commodities keep a lid on Footsie
20th Jul 2015 18:15
(ShareCast News) - Softness in commodity markets kept a lid on equities in London, with some traders pointing out there was still margin for further downside moves in the likes of oil and gold, as investors monitored events in Greece. In the afternoon the International Monetary Fund said Greece has
Read moreFTSE 100 movers: Sports Direct kicked higher, Pearson spikes on FT rumours
20th Jul 2015 14:02
(ShareCast News) - London markets inched higher on Monday as weakness in the commodities market was outshone by strength in the pharmaceutical, technological and financial sectors. As of 14:15 BST, the FTSE 100 was trading 0.23% higher at 6,791. Sports Direct International topped the risers as Exan
Read moreBroker tips: HSBC, Prudential, Experian, Sports Direct
20th Jul 2015 11:41
(ShareCast News) - Citigroup upgraded HSBC to 'buy' from 'neutral' and lifted the price target to 635p from 625p, noting that the stock is trading close to the low end of its valuation range over the past five and 10 years. "Reflecting the improvement to capital ratios from upcoming divestments and
Read moreSports Direct gets a boost as Exane BNP ups target price
20th Jul 2015 10:31
(ShareCast News) - Sports Direct International got a boost as Exane BNP Paribas lifted its target price on the stock to 860p from 800p. Exane said it continues to value Sports Direct at a premium of around 5% to the sector given the quality of the UK business, strong earnings growth profile and opti
Read moreFTSE 100 movers: Royal Mail dips as Ofcom suggests price cap, M&S hit by executive resignation
17th Jul 2015 15:37
(ShareCast News) - London markets were little changed on Friday, as hawkish comments from Bank of England Governor Mark Carney were balanced by Germany voting in favour of Greece's bailout package. As of 15:00 BST, the FTSE 100 was trading flat at 6,783. Royal Mail topped the fallers after Ofcom su
Read moreSports Direct shares slip as profit rises but bonus scheme target cut
16th Jul 2015 08:33
(ShareCast News) - Shares in Sports Direct International fell into the red as a better-than-expected 31% rise in pre-tax profit failed to offset a small miss on the revenue front and disappointment that the company has lowered its adjusted core earnings target for 2015/2016. Pre-tax profit came in a
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