HSBC 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
Read moreMorgan Stanley expects more capex cuts in Oil&Gas, downgrades Rotork
6th Apr 2016 13:41
(ShareCast News) - Cuts to capital expenditure budgets in the Oil&Gas space had only just begun and were beginning to filter through from the 'Upstream' segment into Mid and Downstream activities, Morgan Stanley said. There had been about $90bn of recent deferrals announced, the broker pointed out.
Read moreMoody's cuts Weir's credit rating as weak oil weighs on end markets
29th Feb 2016 15:40
(ShareCast News) - Moody's downgraded the long-term ratings of engineer Weir Group to Baa3 from Baa1, keeping the outlook at negative. The ratings agency said Weir was battling a severe downturn in its mining and oil and gas end markets due to "unprecedentedly low" base metals and oil prices, which
Read moreFTSE 250 movers: Oil prices help producers and service providers surge
26th Feb 2016 15:05
(ShareCast News) - The FTSE 250 was in the black by mid-afternoon on Friday, up 173.01 points (1.05%) to 16,572.08. Oil producers and service companies featured heavily on the risers, as oil prices continued to rebound. At 1527 GMT, West Texas Intermediate was up 1.64% to $33.62, while Brent crude
Read moreThursday newspaper share tips: Current housing climate makes Barratt a good deal
25th Feb 2016 11:14
(ShareCast News) - The Times' Tempus believed the success of Barratt Developments, especially in the current housing climate, is a good reason to 'buy'. The FTSE 100 construction group generated £295m pre-tax profit in the six months to the calendar year end, an increase of 40.3% on revenues that ro
Read moreWeir Group posts 46% decline in pre-tax profit
24th Feb 2016 07:10
(ShareCast News) - Unprecedented market challenges saw revenue and earnings take a tumble at Weir Group in the year to 1 January. The FTSE 250 engineering group, which published its annual results on Wednesday, saw revenue slide 21% on a reported basis to £1.92bn, from £2.44bn. On a constant currenc
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