Friday broker round-up
13th Mar 2015 12:06
Poundland: Morgan Stanley lifts target to 280p from 245p and reiterates underweight. Vesuvius: UBS hikes target to 610p from 560p and reiterates buy. Prudential: Credit Suisse raises target to 1,900p from 1,750p and reiterates outperform. BT Group: Berenberg raises target to 570p from 475p and rei
Read moreFTSE 250 movers: Moneysupermarket crumbles on compensation concerns
3rd Mar 2015 14:14
Despite strong results and positive sentiment from many analysts, Moneysupermarket.com led the fallers due to weekend comments from the chairman of the government's Energy and Climate Change Committee, Tim Yeo MP, who called for price comparison companies to compensate customers who had been "duped"
Read moreFTSE 250 movers: Centamin lower on Alecto Minerals split, De La Rue strong on potential bid
18th Feb 2015 13:52
Centamin was in the red after revealing it was pulling out of its joint venture with Alecto Minerals in Ethiopia. Results from its 2014 drilling programme, which included 25 diamond drills holes at Wayu Boda, and the analysis of surface work carried out during the year will be handed to Alecto when
Read moreSector movers: Industrial stocks rise as bid speculation boosts can maker Rexam
5th Feb 2015 15:58
M&A speculation surrounding Rexam sparked a surge in industrial stocks in London on Thursday after the beverage can maker confirmed rumours that it has been approached by Ball Corporation. Rexam's shares were up nearly 21% at 539.5p by the close after the company said it had held talks with Ball Cor
Read moreLondon open: Ebola fears hit UK stocks after NY doctor tests positive for virus
24th Oct 2014 08:35
UK stocks experienced some selling pressure on Friday morning after rising to their highest in two weeks, as renewed concerns about the spread of Ebola weighed on market sentiment. The FTSE 100 was down 0.6% at 6,380 in early deals, after having closed Thursday's session at 6,419.15, its highest fin
Read moreVesuvius trading in line, but conditions 'challenging'
24th Oct 2014 07:56
Molten metal flow engineering firm Vesuvius said it has seen a "softening in market conditions in certain regions" since the half-year stage, but its full-year outlook hasn't changed. Trading in the third quarter has been in line with the board's expectations, it said, despite annual growth in the g
Read moreThursday broker round-up UPDATE
16th Oct 2014 08:57
Afren: Investec cuts target price from 195p to 120p and reiterates its hold recommendation. Amerisur Resources: Investec lowers target price from 75p to 65p and maintains a buy recommendation. Antofagasta: UBS upgrades from sell to neutral with a target price of 710p. ARM Holdings: Credit Suisse r
Read moreThursday broker round-up UPDATE
25th Sep 2014 08:48
Amec: UBS raises target price from 1100p to 1215p upgrading from neutral to buy. Aquarius Platinum: Citi lowers target price from 26p to 22p maintaining a neutral rating. Arrow Global: Panmure Gordon ups target price from 335p to 360p and keeps a buy recommendation. Barr (AG): Numis ups target pri
Read moreBroker tips: ASOS, Vesuvius, Miners
16th Sep 2014 12:26
Brokerages have slashed their target prices for ASOS in the aftermath of a profit warning by the online fashion retailer on Tuesday, which sent shares sharply lower. Numis, JPMorgan Cazenove, Cantor Fitzgerald and Peel Hunt have all reduced their targets for the shares. "With no profit growth and o
Read moreUBS upgrades Vesuvius from 'sell' to 'buy'
16th Sep 2014 09:33
UBS has given molten metal flow engineering firm Vesuvius a double upgrade, raising its rating on the stock by two notches from 'sell' to 'buy' and lifting its forecasts above consensus. The bank said that the positive stance is based on: "1) confidence that self-help can deliver further margin impr
Read moreMonday broker round-up UPDATE
18th Aug 2014 09:54
Admiral Group: Credit Suisse reduces target price from 1425p to 1350p and stays with its neutral rating. Ophir Energy: RBC Capital reduces target price from 400p to 240p, while its neutral rating remains unchanged. Petra Diamonds: Westhouse Securities ups target price from 200p to 230p upgrading f
Read moreVesuvius to grow presence in steel and foundry industries
18th Aug 2014 08:14
Engineering group Vesuvius has agreed to purchase two businesses as part of its plan to build its presence in the steel and foundry industries. The molten metal engineering specialist paid a total of £30m for Ecil Met Tec and Process Metrix, which are both profitable and expected to enhance the gr
Read moreMonday broker round-up UPDATE
4th Aug 2014 10:10
Afren: Canaccord Genuity reinstates with a target price of 120p and a hold recommendation. Bodycote: N+1 Singer cuts target price from 850p to 835p, while staying with its buy recommendation. BT Group: Berenberg moves target price from 460p to 475p and maintains a buy recommendation. Espirito Sant
Read moreFriday broker round-up UPDATE
1st Aug 2014 10:33
AstraZeneca: Deutsche Bank ups target price from 3950p to 4000p staying with its hold recommendation. Avacta: Numis places both its target price and its buy recommendation under review. Barclays: Berenberg upgrades from sell to hold with a target price of 220p. Bodycote: UBS shifts target price f
Read moreFTSE 250 movers: Vesuvius rises on broker comment
9th Jul 2014 14:52
Vesuvius was one of the biggest fallers on the second tier this afternoon, pushed lower by BNP Paribas, which reiterated its 'neutral' rating on the stock, while WS Atkins and Entertainment One dropped after going ex-dividend. The progression of the integration of its UK Support Services business h
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