Sector movers: Tug of war between Big Oil, miners
1st Aug 2016 16:16
(ShareCast News) - Shares in the oil majors proved a drag for the Footsie on Monday after Saudi Arabia over the weekend announced a steep cut in the price of its cargoes for export to Asia. On Sunday, Saudi Aramco, the Middle Eastern Kingdom´s state-owned oil company cut its price for shipments of A
Read moreBroker tips: Acacia Mining, Foxtons, Weir Group
29th Jul 2016 16:27
(ShareCast News) - Acacia Mining was under the cosh on Friday after Canaccord Genuity cut its rating on the stock to 'sell' from 'hold' but lifted the target price to 505p from 495p. Canaccord said the miner has performed well since reporting disappointing 2015 results, particularly in the second qu
Read moreWeir's CEO steps down as group reports drop in first half earnings
28th Jul 2016 09:30
(ShareCast News) - Weir Group announced on Thursday that chief executive Keith Cochane is stepping down as the engineering giant reported a drop in first half pre-tax profit. Cochrane, who leaves the company after 10 years on the board, will be replaced by group finance director Jon Stanton on 1 Oct
Read moreJenkins to step down as Weir Group COO
30th Jun 2016 07:43
(ShareCast News) - Engineering company The Weir Group announced on Thursday that following discussions with chief operating officer Dean Jenkins, it has been agreed that he will step down from the board on 30 September. The FTSE 250 firm said this follows Jenkins expressing his desire to spend more
Read moreWeir disposes of two renewables-focused operations
23rd Jun 2016 07:39
(ShareCast News) - Engineering company The Weir Group announced on Thursday the disposal of two renewables-focused operations - American Hydro Corporation and Ynfiniti Engineering Services - for a combined initial consideration of £34.4m, rising to £36.7m subject to certain conditions being satisfie
Read moreWednesday broker round-up
15th Jun 2016 15:32
(ShareCast News) - Arrow Global Group: Goldman Sachs reiterates buy with a target price of 340p. Crest Nicholson: JP Morgan keeps at overweight with a 700p target. Shire: Exane BNP Paribas stays at outperform with a target price of 5700p and Jefferies keeps at buy with a target price of 5500p. Woo
Read moreTuesday broker round-up
7th Jun 2016 16:27
(ShareCast News) - Countrywide: Jefferies reiterates buy with a target price of 600p. Coca-Cola Hbc: Credit Suisse keeps at neutral with a 1500p target. Weir Group: Canaccord upgrades to hold with a target price of 1200p. Johnson Matthey: Berenberg Bank keeps at neutral with a target of 2880p. Sa
Read moreBroker tips: LSE, Weir Group, Coca-Cola HBC
7th Jun 2016 12:48
(ShareCast News) - Numis has reiterated a 'hold' rating at target price of 2,700p on the London Stock Exchange Group (LSE) ahead of its merger with Deutsche Boerse. The £21bn merger between the LSE and Germany's stock exchange was announced in mid-March and aims to generate cost synergies of €450m (
Read moreCanaccord lifts rating and target price on Weir Group
7th Jun 2016 10:32
(ShareCast News) - Weir Group shares gained on Tuesday after Canaccord Genuity raised its rating on the stock to 'hold' from 'sell' and its target price to 1,200p from 800p. Canaccord said given the rally in Weir's US peers, it believes the valuation for the UK oil and gas-focused engineering compan
Read moreFTSE 250 movers: Resources rise with gold, crude as Brexit jitters dampen housebuilders
6th Jun 2016 15:10
(ShareCast News) - Rising crude and metals prices helped propel several resources-linked FTSE 250 stocks higher in an overall quiet session, with concurrent Brexit jitters weighing on the housing sector. At 1519 BST, West Texas Intermediate crude was up 1.83% to $49.51 a barrel, while Brent firmed 1
Read moreMonday broker round-up
23rd May 2016 18:04
(ShareCast News) - Royal Mail: RBC upgrades to sector perform with a 525p target. Weir: HSBC upgrades to buy with a 1450p target. Sports Direct: Goldman Sachs downgrades to neutral with a target price of 400p. Easyjet: Macquarie reiterates outperform with a target of 2100p. ICAP: Credit Suisse re
Read moreHSBC upgrades Weir to 'buy', lifts Smiths target price
23rd May 2016 12:08
(ShareCast News) - HSBC upgraded Weir to 'buy' from 'hold' and lifted the price target to 1,450p from 1,150p as it took a look at UK engineers. The bank lifted its 2017-2018 earnings per share estimates for the stock by 7% to 14% mainly on higher top-line/margin expectations in the oil & gas divisio
Read moreBroker tips: Pearson, Weir Group, RBS
29th Apr 2016 12:47
(ShareCast News) - Numis reiterated a 'reduce' rating and target price of 640p for Pearson on Friday after the education publisher reported its first quarter trading update. The company reported a 4% drop in first quarter sales in underlying sales, reflecting expected weakness in assessment revenues
Read moreFriday broker round-up
29th Apr 2016 12:44
(ShareCast News) - BT Group: UBS upgrades to neutral with a 430p target. Howden Joinery: JP Morgan reiterates overweight with a 570p target. Weir: HSBC upgrades to hold with a target price of 1150p JP Morgan reiterates underweight with a target of 735p and Jefferies stays at underperform with 730p
Read moreFriday newspaper share tips: Pendragon, Weir Group
29th Apr 2016 11:38
(ShareCast News) - The recent drop in shares of car dealer Pendragon might be an interesting opportunity for investors, The Times´s Tempus said. It is a well-run outfit, offering a solid dividend which is well-covered by cashflow and with little debt to boot, the tipster explained. Some observers m
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