Wednesday broker round-up UPDATE
9th Apr 2014 09:09
Aberdeen Asset Management: RBC Capital moves target price from 485p to 495p and maintains an outperform rating. African Barrick Gold: Deutsche Bank upgrades to buy with a target price of 310p. African Minerals: Investec reduces target price from 241p to 198p and leaves its buy recommendation uncha
Read moreGross margins to be hit by transformation at Volex
9th Apr 2014 08:22
Power and data cabling solutions provider Volex disappointed investors on Wednesday morning after revealing it had experienced a reduction in gross margins and operating profit. The group explained that while changes had resulted in second half revenue coming in ahead of consensus market expectati
Read moreVolex Q3 trading stabilises, confident for full-year
12th Feb 2014 08:35
- Trading stabilised in final quarter - Transformation plan starting to deliver results - Expects full-year to be in line with targets Shares of Volex the provider of electrical, digital and optical connections rose after it confirmed that trading had stabilised in the final quarter of 2013 and it
Read moreTesco Chairman keeps the faith after recent poor update
17th Jan 2014 16:54
Tesco Non-Executive Chairman Sir Richard Broadbent added 10,000 shares to his stake, the supermarket chain announced Friday. Broadbent, who joined the board in July 2011, bought the shares at 331.22p a piece for a total spend of £33,122. The purchase was made less than a week after the company p
Read moreWednesday broker round-up UPDATE
11th Dec 2013 08:35
Afren: Goldman Sachs lowers target price from 280p to 270p, while leaving its strong buy recommendation unaltered. Canaccord Genuity takes target price from 190p to 205p and keeps a buy recommendation. Alternative Networks: Westhouse Securities upgrades from neutral to add with a target price of 44
Read moreMonday broker round-up UPDATE
25th Nov 2013 08:00
African Barrick Gold: Goldman Sachs ups target price from 110p to 140p, but still recommends selling. Alternative Asset Opps: Westhouse Securities initiates with a buy recommendation. Amino Technology: Northland Capital cuts target price from 110p to 100p and downgrades from buy to hold. Asian Pl
Read moreMonday broker round-up UPDATE
18th Nov 2013 08:10
AGA Rangemaster: N+1 Singer raises its target price from 150p to 175p and keeps a buy recommendation. APR Energy: Jefferies cuts target price from 1300p to 1260p retaining a buy recommendation. Atkins (WS): LIberum Capital increases target price from 1300p to 1400p maintaining a buy recommendation
Read moreVolex H1 profits collapse as new management sets out recovery plan
14th Nov 2013 14:31
Interim results from power cords and cables maker Volex showed material revenue and profit declines but reflect little effect from the wholesale management changes at the company. The Fully Listed company, which replaced its Chief Executive in July, its Chairman in August and alongside results ann
Read moreThursday broker round-up UPDATE
14th Nov 2013 09:21
Afren: Goldman Sachs moves target price from 260p to 270p and retains its strong buy recommendation. APR Energy: Citi raises target price from 1250p to 1350p reiterating a buy recommendation. Atkins: Investec places both its target price (prev.: 1025p) and its reduce rating under review. Babcock
Read moreWednesday broker round-up UPDATE
18th Sep 2013 08:28
African Minerals: Canaccord Genuity reduces target price from 410p to 330p, while its buy recommendation remains unaltered. Amlin: Goldman Sachs moves target price from 405p to 420p and reiterates a neutral rating. Andor Technology: Investec takes target price from 360p to 410p leaving its buy rec
Read moreWednesday tips round-up: Sirius Minerals, Volex, GlaxoSmithKline
29th May 2013 06:54
The global pharmaceuticals sector is stuck in the 'doldrums' due to the impact of the so-called 'patent-cliff.' However, they have rebounded from their previous cycle lows - even in the case of laggards such as AstraZeneca, GlaxoSmithKline or Novartis - as investors seem to appreciate their defensiv
Read moreVolex names Eisenhardt CEO, restructuring on track
28th May 2013 10:44
Shares of Volex rallied almost six per cent on Tuesday after it confirmed that Christoph Eisenhardt will succeed Ray Walsh as Chief Executive Officer and said restructuring initiatives were on track. The electrical, digital and optical connections provider said Walsh will step down as of July 1st
Read moreTuesday broker round-up UPDATE
28th May 2013 07:25
AG Barr: Investec increases target price from 562p to 591p, while downgrading from buy to add. Canaccord Genuity downgrades to hold with a target price of 570p. Amara Mining: Cantor Fitzgerald cuts target price from 81p to 63p and retains a buy recommendation. Compass Group: Nomura ups target pric
Read moreVolex to meet market views, hit with restructuring charge
11th Apr 2013 08:14
Electrical, digital and optical connections provider Volex said full year revenues and operating profits for the year are expected to meet market expectations as it announced details of a restructuring charge. The group is forecast to make $473m in revenue and $11m in operating profit for the year
Read moreThursday broker round-up UPDATE
11th Apr 2013 07:21
African Minerals: Deutsche Bank reduces target price from 594p to 586p keeping a buy recommendation. Investec cuts target price from 438p to 411p, while its buy recommendation remains unchanged. Associated British Foods: Societe Generale increases target price from 1820p to 1900p, while downgrading
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