Tuesday 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
Read moreWeir shares rise as HSBC upgrades rating to 'hold' from 'reduce'
29th Apr 2016 10:43
(ShareCast News) - Weir Group's shares rose on Friday after HSBC upgraded the oil and gas services stock to 'hold' from 'reduce' and raised the target price to 1,150p from 750p. HSBC said it expects the company to benefit from a pick-up in crude prices in 2017-18. "We believe 2017-18 will see inc
Read moreFTSE 250 movers: Tullow and Weir limit losses
28th Apr 2016 14:50
(ShareCast News) - The FTSE 250 pared earlier losses by Thursday afternoon, as a strong showing from Tullow Oil, Weir and other resources-related groups overcame the effect of ex-dividend day. Stocks going ex-divi on the day included Cobham, Elementis, Tullett Prebon and William Hill. Cobham was a
Read moreBroker tips: Tesco, Weir Group, StanChart
27th Apr 2016 15:34
(ShareCast News) - Shares in supermarket chain Tesco were under the cosh on Wednesday as JPMorgan Cazenove issued a downbeat note on the company and downgraded its estimates. Having analysed Tesco's profit and loss, cash and balance sheet trends, JPM concluded: "Tesco's ability to generate cash flow
Read moreWeir Group's shares fall as Canaccord cuts rating to 'sell' from 'hold'
27th Apr 2016 10:16
(ShareCast News) - Weir Group's shares were under pressure on Wednesday after Canaccord Genuity downgraded its rating on the stock to 'sell' from 'hold' and cut its price target to 880p from 940p. Canaccord said it was lowering its earnings per share forecasts for 2016, 2017 and 2018, ahead of the e
Read moreWednesday broker round-up
20th Apr 2016 15:54
(ShareCast News) - Zoopla: Exane BNP Paribas reiterates neutral with a target price of 270p and Canaccord upgrades to buy with a 330p target. Ashmore: Barclays stays at underweight with a 250p target, Societe Generale downgrades to hold with a target price of 295p and Exane BNP Paribas downgrades to
Read moreFTSE 250 movers: David Brent blows steam into Entertainment One
8th Apr 2016 14:52
(ShareCast News) - The FTSE 250 was comfortably in the black in afternoon trading on Friday, with oil prices heading upwards and investors seemingly nonchalant about a trade deficit that was wider than forecast. As oil prices rose, so did oilfield engineering services firm Weir Group. The stock also
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