Broker tips: Wolseley, Severn Trent, Hunting
23rd Nov 2016 16:09
(ShareCast News) - Canaccord Genuity hiked its target on Wolseley ahead of the builders merchant's first quarter update. All eyes would be on its performance in the US, the broker believed. Nonetheless, while trading in the first three months of the year would benefit from its exposure to the State
Read moreThursday preview: German IFO business confidence index in focus
23rd Nov 2016 16:03
(ShareCast News) - Trading was expected to be light on Thursday, with market moves across asset classes likely limited by the absence of many traders from their desks due to the Thanksgiving break in the States. Nonetheless, the IFO institute´s gauge of German business confidence for the month of No
Read moreHSBC highlights defensive attractions of Severn Trent
23rd Nov 2016 12:51
(ShareCast News) - HSBC raised its target price on Severnt Trent and stuck to its 'hold' recommendation due to the attractions of its 'defensive' nature. That was despite the fact that Severn Trent had been the strongest performer of its UK regulated peers in 2016, with its shares rising by 20% vers
Read moreSevern Trent considering options after Ancala lifts bid for Dee Valley
23rd Nov 2016 10:01
(ShareCast News) - Water company Severn Trent said it was considering its options after Ancala Fornia gazumped its bid for smaller water services provider Dee Valley Group. The FTSE 100-listed company acknowledged Ancala's offer and said it was continuing to "consider its options" while shareholders
Read moreSevern Trent to buy Dee Valley for £78.5m
16th Nov 2016 07:07
(ShareCast News) - Severn Trent has agreed to buy smaller listed water service provider Dee Valley Group for about £78.5m, gazumping a rival that had previously shaken hands on a deal. Ancala Fornia, an infrastructure investment manager, had agreed to buy Dee Valley for about £71.3m in October, but
Read moreInvestec eyes special dividend potential at United Utilities, Pennon
19th Oct 2016 14:37
(ShareCast News) - Eyeing significant undervaluation in the utilities sector, Investec slapped 'buy' recommendations on United Utilities, upgraded from 'sell', and Pennon from 'hold'. Investec said it believed the recent history and potential direction of the sector, from an equity investor standpoi
Read moreSector movers: Tesco sets fresh 52-week high, defensives lag
5th Oct 2016 14:53
(ShareCast News) - An upbeat outlook for margins from Tesco boosted the wider sector gauge. The company's shares rocketed to their best levels since late-summer 2015 - setting a fresh 52-week in one fell swoop - after management reported that UK like-for-like (LFL) sales doubled to 0.6% and operatin
Read moreUnited Utilities and Severn Trent drop on RBC downgrade
5th Oct 2016 09:54
(ShareCast News) - Severn Trent and United Utilities were under the cosh on Wednesday after RBC Capital Markets downgraded both stocks as it took a look at the UK water sector. The bank cut Severn Trent to 'underperform' from 'sector perform' on valuation grounds but lifted the price target to 2,300
Read moreThursday broker round-up
8th Sep 2016 14:03
(ShareCast News) - Tesco: JP Morgan reiterates underweight with a target price of 135p. G4S: Jefferies maintains underperform with a 160p target. Severn Trent: UBS keeps at neutral with a 2310p target. ITV: JP Morgan reiterates overweight with a 233p target. Babcock: Goldman Sachs keeps at buy wi
Read moreSector movers: UK engineers drop on downgrades, utilities lower as well
16th Aug 2016 17:34
(ShareCast News) - Shares in British engineering groups Spectris and Halma dragged the Electronic & Electrical equipment sector lower after analysts at HSBC downgraded their stance on both in the wake-up of the recent run-up in their stock price. "The sector continued to re-rate through results seas
Read moreSevern Trent trading in line in first half
20th Jul 2016 07:12
(ShareCast News) - Water and wastewater company Severn Trent posted a trading update for the period from 1 April to 19 July on Wednesday, as it continued to focus on enhancing its customer service, operational and financial performance. The FTSE 100 firm said it is making good progress with its plan
Read moreSevern Trent maintained at 'overweight' by JPMorgan Cazenove
26th May 2016 18:32
(ShareCast News) - Severn Trent has had its 'overweight' rating maintained by JPMorgan Cazenove, which said it sees further upside potential for the shares as it hiked its target price. It said the regulated business continued to perform strongly, with outperformance expected in full-year 2017 again
Read moreSevern Trent posts promising start to AMP6
24th May 2016 07:29
(ShareCast News) - Water utility Severn Trent issued what it described as promising annual results on Tuesday, with group turnover down 0.8% year-on-year to £1.79bn as a result of a regulated price decrease. The FTSE 100 firm's group underlying profit before interest and tax was down 3.2% in the 12
Read moreTuesday preview: Severn Trent expected to cut full year dividend
23rd May 2016 12:53
(ShareCast News) - Utility group Severn Trent is expected to report a decline in full year earnings on Tuesday following the regulator's decision to cut household bills. Deutsche Bank has forecast a 5% drop in earnings before interest and tax to £516m, a 4% decrease in adjusted earnings per share to
Read moreSector movers: Banks and homebuilders lead gains
26th Apr 2016 15:19
(ShareCast News) - Banks and real estate and property stocks rode to the top of the leaderboard on the heels of well-received quarterly earnings from StanChart and a perception that Brexit risks were fading, although analysts and market commentary were cautious on both counts. For the first quarter
Read more