Wednesday broker round-up
24th Feb 2016 15:28
(ShareCast News) - Standard Chartered: UBS reiterates neutral with a target price of 510p, JP Morgan stays at overweight, 725p target and Morgan Stanley keeps at underweight with a target price of 370p. Home Retail Group: Canaccord upgrades hold with a target price of 175p. Capital & Countries Prop
Read moreBroker tips: Segro, Tullow Oil, BBA Aviation
19th Feb 2016 13:03
(ShareCast News) - Segro's shares climbed on Friday as Investec reiterated a 'buy' rating, hailing the company's full year results. The property developer reported its full year net asset value (NAV) rose 21% to 463p a share, while pre-tax profits increased to £686.5m from £654m. The company said i
Read moreCharles Stanley upgrades Tullow Oil after share price fall
19th Feb 2016 10:40
(ShareCast News) - Charles Stanley upgraded Tullow Oil to 'hold' from 'sell' given the sharp drop in the share price and potential de-gearing. The brokerage noted the shares are down 58% over 12 months. Charles Stanley said that with net debt of $4bn, Tullow has facility headroom of $1.9bn, while b
Read moreTullow Oil slumps as it flags potential issue on Jubilee field vessel
18th Feb 2016 09:05
(ShareCast News) - Shares in Tullow Oil sank after the oil and gas exploration company said it had identified a potential issue with the turret bearing on the vessel serving its Jubilee field offshore Ghana. The company said that following a recent inspection of the turret area of the vessel by SOFE
Read moreBroker tips: Tullow Oil, BT Group, StanChart
12th Feb 2016 16:34
(ShareCast News) - Tullow Oil has been downgraded from 'outperform' to 'neutral' by Exane BNP Paribas, as it signalled the challenges for the oil exploration and production sector are "worse than we thought". "A weakening demand environment, US shale's continued resilience and conventional supply gr
Read moreFTSE 250 miners: Metals and oil stocks rebound
12th Feb 2016 15:08
(ShareCast News) - The FTSE 250 was in the black on Friday, with the index up 231.28 points (1.52%) to 15,410.08 by mid-afternoon. Miners featured at the top of the risers list as metal prices rebounded, with shares in Vedanta Resources up nearly 8% as a result. The company also said it is cutting
Read moreTullow Oil downgraded by Exane as sector challenges highlighted
12th Feb 2016 08:59
(ShareCast News) - Tullow Oil has been downgraded from 'outperform' to 'neutral' by Exane BNP Paribas, as it signalled the challenges for the oil exploration and production sector are "worse than we thought". "A weakening demand environment, US shale's continued resilience and conventional supply gr
Read moreWednesday broker round-up
10th Feb 2016 16:22
(ShareCast News) - Virgin Money: Nomura starts coverage at buy with a target of 445p. Domino's Pizza: Credit Suisse upgrades to outperform with a target price of 1100p. BBA Aviation: Goldman Sachs downgrades to neutral with 181p target. Greencore: Societe Generale reiterates hold with a 386p targe
Read moreDirector backs Tullow Oil after $1bn loss
10th Feb 2016 15:52
(ShareCast News) - Tullow Oil director Jeremy Wilson has increase his in the company, hours after it posted a $1.09bn (£752.6m) loss for 2015. Wilson purchased 30,000 shares for nearly £44,000 in a bid to give the market confidence about the company's future. It takes his total holding to 45,000 sh
Read moreFTSE 250 movers: Domino's leads index after upgrade
10th Feb 2016 15:26
(ShareCast News) - The FTSE 250 made some ground on Wednesday, with the second tier index up 252.74 points (1.65%) to 15,569.67 by mid-afternoon. Domino's Pizza Group led the risers after Credit Suisse upgraded the stock from 'neutral' to 'outperform' and added it to its Europe Small and Mid-Cap Foc
Read moreTullow Oil pegs back full year loss to $1bn
10th Feb 2016 08:52
(ShareCast News) - Tullow Oil has nearly halved its full year loss, however the company's revenues for the year have dropped substantially. The FTSE 250 oil and gas exploration and production group released its results for the year to 31 December 2015 on Wednesday. It showed revenues had fallen 27%
Read moreMonday broker round-up
8th Feb 2016 15:02
(ShareCast News) - Petrofac: Goldman Sachs downgrades to neutral with a target of 909.8p. G4S: Jefferies downgrades to underperform with a target price of 170p. Cairn Energy: RBC keeps at outperform, 200p target. Wood Group: Goldman Sachs downgrades to sell, 517.6p target. Amec Foster Wheeler: No
Read moreMonday newspaper round-up: Google, Rolls-Royce, Tullow Oil
8th Feb 2016 07:14
(ShareCast News) - Google is developing a new virtual-reality headset for smartphones, and adding extra support for the technology to its Android operating system, as it challenges Facebook's Oculus for an early lead in Silicon Valley's latest platform war. The new headset will be a successor to Car
Read moreFriday broker round-up
5th Feb 2016 15:07
(ShareCast News) - Enterprise Inns: Barclays downgrades to underweight with a target of 80p. Thomas Cook: HSBC reiterates hold with a target price of 100p and JP Morgan keeps at overweight with a 170p target. Victrex: Deutsche Bank keeps at hold, 2000p target, UBS maintains neutral with a target
Read moreFTSE 250 movers: Oil and miners help market claw back losses
4th Feb 2016 15:11
(ShareCast News) - The FTSE 250 was in the green by mid-afternoon on Thursday, clawing back some gains from the week-to-date of losses, up 66.43 points (0.42%) to 16,058.85. Oil companies and miners were the biggest stars, as commodity prices continued to rise. At 1516 GMT, West Texas Intermediate c
Read more