Weir 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
Read moreSunday share tips: Weir Group, Centrica, Constellation Healthcare
21st Feb 2016 15:14
(ShareCast News) - Sell shares in Weir Group, said the Sunday Times 'Inside the City' column. The Glaswegian pumps and valves manufacturer enjoyed the boom of the US fracking industry while its shares topped £25 for most of 2014, they entered 2015 at less than £18 and exited at £10. The shale tale i
Read moreFTSE 250 miners: Metals and oil stocks rebound
12th Feb 2016 15:08
(ShareCast News) - The FTSE 250 was in the black on Friday, with the index up 231.28 points (1.52%) to 15,410.08 by mid-afternoon. Miners featured at the top of the risers list as metal prices rebounded, with shares in Vedanta Resources up nearly 8% as a result. The company also said it is cutting
Read moreFTSE 250 movers: Market turns on US job data
5th Feb 2016 15:43
(ShareCast News) - The FTSE 250 was still in the green mid-afternoon on Friday by 10.29 points (0.06%) at 6,097.02, but the second-tier market was tracking downwards. Just Eat led the risers after it revealed it had ordered four online takeaway food businesses in Spain, Italy, Brazil and Mexico for
Read moreFTSE 250 movers: IMI downgrade sees market dip into red
25th Jan 2016 15:11
(ShareCast News) - The FTSE 250 was flip-flopping between the black and the red on Monday, with the second-tier market relatively flat by mid-afternoon, down just 9.12 points (0.06%) to 16,118.87. IMI took the biggest hit after Credit Suisse downgraded the engineer from 'neutral' to 'underperform' a
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