Broker tips: UK grocers, Whitbread, Synthomer...
8th Apr 2014 12:23
The outlook for profits across the UK grocery sector is 'highly constrained', according to Shore Capital, which has raised concerns about rising pricing contagion. The broker retained its 'sell' ratings for supermarket rivals Tesco and WM Morrison and online grocer Ocado. "We have harboured growing
Read moreLondon midday: Stocks at two-week low as Sports Direct and grocers fall
8th Apr 2014 11:52
- FTSE 100 at lowest since March 24th - Ukraine tensions flare up - US stocks fall ahead of Q1 earnings season - Sports Direct sinks on Ashley share sale, grocers fall techMARK 2,697.79 -1.18% FTSE 100 6,559.14 -0.96% FTSE 250 16,015.95 -1.52% UK stocks fell one per cent by Tuesday lunchtime, tra
Read moreJPMorgan recommends to take profits at Synthomer
8th Apr 2014 09:50
Chemicals business Synthomer was trading firmly lower on Tuesday morning after JPMorgan Cazenove downgraded its rating on the stock from 'neutral' to 'underweight' after an 'impressive' run over the last 12 months. "We believe a combination of increasing competition, pricing pressure, heavy emergi
Read moreTuesday broker round-up UPDATE
8th Apr 2014 09:18
API Group: Numis lowers target price from 90p to 84p, while upgrading from add to buy. Cranswick: Investec increases target price from 1315p to 1390p retaining its buy recommendation. Daisy Group: FinnCap moves target price from 175p to 185p and retains a hold recommendation. DP World: Nomura rai
Read moreLondon open: Sports Direct leads markets lower, Ukraine tensions weigh
8th Apr 2014 08:31
- Ukraine tensions running high - Wall Street sell-off continues ahead of Q1 earnings - BoJ holds steady despite tax hike - Sports Direct slumps, miners gain techMARK 2,725.79 -0.16% FTSE 100 6,609.27 -0.20% FTSE 250 16,217.75 -0.28% Growing tensions in Ukraine pushed UK stocks lower on Tuesday mo
Read moreFriday broker round-up UPDATE
4th Apr 2014 10:07
African Minerals: Deutsche Bank reduces target price from 382p to 335p, while its buy recommendation remains unchanged. Arrow Global: Canaccord Genuity moves target price from 309p to 318p and keeps a buy recommendation. Ashmore Group: JP Morgan takes target price from 344p to 351p and maintains a
Read moreFTSE 250 movers: Balfour Beatty lifted by broker rating
28th Mar 2014 15:25
Balfour Beatty rose after broker Jefferies initiated its coverage with a target price of 406p and a 'buy' recommendation. Synthomer was also on the up following JP Morgan's decision to up its target price from 244p to 260p. Oil and gas company Enquest was back in the red; it this week revealed th
Read moreFriday broker round-up UPDATE
28th Mar 2014 12:35
888 Holdings: Deutsche Bank lowers target price from 166p to 160p retaining its hold recommendation. Aberdeen Asset Management: JP Morgan cuts target price from 529p to 509p and stays with its overweight rating. Advanced Medical Solutions: Investec shifts target price from 121p to 129p, while down
Read moreAPR Energy Chief continues sale of shares due to 'matrimonial matter'
12th Mar 2014 15:50
A 'matrimonial matter' has forced a trust belonging to APR Energy Chief, John Campion, to this week sell another 34,655 shares as part of a wider 12-month share trading plan. The plan, which will result in the sale of as many as 355,000 shares, will reduce JCLA Cayman's interest in APR by a total
Read moreThursday broker round-up UPDATE
6th Mar 2014 09:10
Advanced Medical Solutions: Investec ups target price from 97p to 121p and keeps a buy recommendation. African Barrick Gold: Investec increases target price from 132p to 206p, but still recommends selling. Arcontech: Northland shifts target price from 0.20p to 0.24p and keeps a buy recommendation.
Read moreTuesday broker round-up UPDATE
4th Mar 2014 09:37
Abcam: Numis cuts target price from 560p to 510p downgrading from add to hold. Amlin: Deutsche Bank shifts target price from 484p to 491p and keeps a hold recommendation. Arrow Global: Canaccord Genuity shifts target price from 300p to 309p maintaining a buy recommendation. Numis moves target pric
Read moreMonday broker round-up UPDATE
3rd Mar 2014 08:21
African Barrick Gold: Citi increases target price from 120p to 179p, but still recommends selling. African Minerals: Citi cuts target price from 300p to 260p leaving its buy recommendation unchanged. Aggreko: Deutsche Bank reduces target price from 1870p to 1400p and downgrades to hold. Anglo Ame
Read moreSynthomer's 2013 profits hurt by weak European sales
28th Feb 2014 11:08
- Sales and profits fall - Growth in Asia offset by slump in Europe and North America - Dividend raised 9.1 per cent British chemical maker Synthomer said 2013 sales fell 5.1 per cent to 1.05bn pounds, reflecting weak economic conditions in Europe and North America. The company's pre-tax profit
Read moreFriday broker round-up UPDATE
28th Feb 2014 09:51
Barratt Developments: Liberum Capital ups target price from 430p to 468p and keeps a buy recommendation. Deutsche Bank takes target price from 394p to 452p and retains a buy recommendation. Citi raises target price from 390p to 460p and maintains its buy recommendation. Bodycote: FinnCap increases
Read moreFriday broker round-up UPDATE
17th Jan 2014 10:05
Aberdeen Asset Management: JP Morgan cuts target price from 544p to 529p, while its overweight rating remains unchanged. Canaccord Genuity reduces target price from 586p to 540p and reiterates a buy recommendation. UBS lowers target price from 540p to 520p and keeps a buy recommendation. Ashtead Gr
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