Wednesday 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 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
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