Broker tips: Weir, RBS, Glencore
19th Sep 2016 16:17
(ShareCast News) - Engineer Weir got a boost on Monday as JPMorgan Cazenove upgraded the stock to 'overweight' from 'underweight' and lifted the price target to 1,775p from 1,220p, highlighting 18% upside to the revised price target. JPM said that despite the lack of earnings upgrades, Weir has been
Read moreMonday broker round-up
19th Sep 2016 09:52
(ShareCast News) - Lloyds: Jefferies reiterates buy with a target price of 67p. Astrazeneca: UBS reiterates buy, 5480p target. Britvic: JP Morgan keeps at underweight with a 590p target. Unilever: UBS reiterates neutral with a 3380p target. IHG: HSBC starts coverage at reduce with a 2900p target.
Read moreWeir boosted by JPMorgan upgrade
19th Sep 2016 08:33
(ShareCast News) - Engineer Weir got a boost on Monday as JPMorgan Cazenove upgraded the stock to 'overweight' from 'underweight' and lifted the price target to 1,775p from 1,220p, highlighting 18% upside to the revised price target. JPM said that despite the lack of earnings upgrades, Weir has been
Read moreSector movers: Electricity stocks buoyed by low interest rate expectations
7th Sep 2016 13:29
(ShareCast News) - Electricity shares were near the top of the leaderboard, with investors apparently growing more confident that interest rates worldwide may indeed remain 'lower for longer'. A drop in a key US manufacturing gauge to six-and-a-half year lows in the previous session was the main cul
Read moreBroker tips: Aviva, European airlines, Weir Group
7th Sep 2016 10:44
(ShareCast News) - UBS upgraded Aviva to 'buy' from 'neutral' on Wednesday and raised its target price to 505p from 395p, saying the insurance firm is positioned to deliver a "sector leading" dividend. Aviva is likely to offer a risk-adjusted dividend as Solvency II (S2) legislation is set to drive
Read moreWednesday broker round-up
7th Sep 2016 10:31
(ShareCast News) - Centrica: Goldman Sachs downgrades to sell with a target price of 213p. Ashmore: Barclays maintains underweight with a 270p target. Aviva: UBS upgrades to buy with a 505p target. Polymetal: Berenberg reiterates buy with a 1200p target. SSE: Goldman Sachs keeps at neutral with a
Read moreMorgan Stanley upgrades Weir, sees higher capex from miners
7th Sep 2016 09:18
(ShareCast News) - Morgan Stanley upgraded its recommendation on Weir Group, telling clients the mining cycle was stabilising and that miners´ ability to spend was set to improve, with capital expenditures on replacement described as a "sweet spot". Combined with forecasts for an inflection in the r
Read moreJPMorgan Cazenove lifts Bodycote to Neutral, hikes target price
22nd Aug 2016 15:56
(ShareCast News) - JPMorgan Cazenonve has upgraded Bodycote to Neutral, from Underweight, and hiked its target price on the stock. It remains Overweight on GKN, Oxford Instruments, Smiths and Spirax-Sarco, and Underweight on Fenner and Weir. The brokerage said first-half 2016 for UK Capital Goods s
Read moreTuesday broker round-up
16th Aug 2016 11:38
(ShareCast News) - Investec: UBS reiterates buy with a target price of 550p. Hastings: Berenberg maintains buy with a 234p target. Auto Trader: Goldman Sachs reiterates buy with a 445p target. Smiths Group: HSBC stays at hold with a 1300p target. Rightmove: Goldman Sachs keeps at neutral with a t
Read moreSector 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 more