Friday broker round-up
6th Nov 2015 11:14
(ShareCast News) - Weir Group: Citigroup downgrades to neutral. Target price: 1200.00p Amec Foster Wheeler: UBS downgrades to neutral, cuts target price to 600.00p. Citigroup downgrades to neutral. JP Morgan Cazenove reiterates to overweight, reduces target price to 739.00p Rsa Insurance Group:
Read moreMorgan Stanley upgrades Weir Group to equalweight
5th Nov 2015 13:20
(ShareCast News) - Morgan Stanley has upgraded Weir Group to equalweight and revised its price target to 1,150p. The FTSE 250 engineering company said on Wednesday that third quarter order input was down 29% year-on-year and 8% lower compared to the second quarter, mainly due to a significant drop i
Read moreBroker tips: Vesuvius, Royal Dutch Shell, Weir
4th Nov 2015 16:57
(ShareCast News) - Broker Panmure Gordon warned that FTSE 250-listed Vesuvius is likely to be hit by the same industry pressures as German rival SGL Carbon, which issued a profit warning on Tuesday. SGL Carbon warned that, despite its cost-cutting efforts, it expects group profit to decline signific
Read moreFTSE 250 movers: Oil bounce and Drax retrofit news fire mid-caps
4th Nov 2015 14:07
(ShareCast News) - After a strong start on Wednesday, the FTSE 250 lost momentum but by mid-afternoon was still in positive territory, helped by an oil price bounce. Lifted by a 40-point rise in crude oil, due to a strike in Brazil that is estimated to have put a 25% dent into Brazilian production,
Read moreWednesday newspaper share tips: Take a long drag of Imperial Tobacco
4th Nov 2015 12:12
(ShareCast News) - It isn't time to kick the habit yet when it comes to Imperial Tobacco Group, The Times' Tempus said on Wednesday. On Tuesday, the company posted a rise in pre-tax profit and underlying tobacco net revenue for the year ended 30 September and said it was well placed to meet expectat
Read moreRBC upgrades Weir on balanced risk/reward
4th Nov 2015 10:41
(ShareCast News) - Weir got a boost after RBC Capital Markets upgraded its stance on the stock to 'sector perform' from 'underperform' and lifted the price target to 1,200p from 1,150p. "We believe the risk/reward at Weir is now reasonably balanced, with the shares valued at close to 14x trough earn
Read moreWednesday broker round-up
4th Nov 2015 09:32
(ShareCast News) - Weir Group: RBC Capital Markets upgrades to sector perform, raises target price to 1200.00p. UBS reiterates to buy, cuts target price to 1600.00p. Goldman Sachs reiterates to buy. Target price: 1550.00p. Spirent Communications: Citigroup reiterates to buy, cuts target price to 90.
Read moreWeir to cut more jobs as weaker oil price takes its toll
3rd Nov 2015 08:27
(ShareCast News) - Weir Group said it expects full-year earnings to be broadly in line with current market consensus as it announced further job losses as part of its cost-cutting plans. The engineering group said third-quarter order input was down 29% year-on-year and 8% lower compared to the secon
Read moreMonday broker round-up
26th Oct 2015 08:57
(ShareCast News) - Zoopla Property Group (wi): Berenberg Bank reiterates to buy, reduces target price to 300.00p. Northgate: Jefferies upgrades to buy, reduces target price to 530.00p. Brammer: Jefferies upgrades to buy, lowers target price to 260.00p. National Express Group: RBC Capital Markets u
Read moreFriday broker round-up
9th Oct 2015 16:28
(ShareCast News) - Ferrexpo: UBS upgrades to neutral, cuts target price to 36.00p. Carillion: Investec Securities downgrades to hold. Target price: 300.00p. Weir Group: RBC Capital Markets downgrades to underperform, bumps down target price to 50.00p. United Utilities Group: Credit Suisse upgrades
Read moreBroker tips: Hays, Weir, Sports Direct
9th Oct 2015 13:21
(ShareCast News) - HSBC downgraded Hays to 'hold' from 'buy' and cut its price target to 140p from 200p. It said Hays' UK growth is slowing, as evidenced by the company's second-quarter trading update, and the bank's bull case was premised on accelerating growth and margin recovery. "Until we get f
Read moreRBC downgrades Weir to 'underperform'
9th Oct 2015 10:06
(ShareCast News) - RBC Capital Markets cut Weir to 'underperform' from 'sector perform' and slashed its price target to 1,150p from 1,850p. "Whilst Weir shares would respond quickly to signs of oilfield activity recovering, near term we suspect they might come under pressure," the Canadian bank said
Read moreThursday broker round-up
8th Oct 2015 17:33
(ShareCast News) - Tullow Oil: JP Morgan Cazenove upgrades to overweight, cuts target price to 310.00p. Soco International: UBS downgrades to sell, keeps target price at 150.00p. Synthomer: Berenberg Bank starts new coverage with a buy, sets target price at 400.00p. Weir Group: Investec Securities
Read moreFTSE 250 movers: Dunelm rallies on strong sales; Hays tumbles on cautious outlook
8th Oct 2015 13:50
(ShareCast News) - London's FTSE 250 index was down 0.3% to 16,978.38 at 1430 BST, as investors digested news that the Bank of England has decided to stand pat on interest rates and the size of its asset purchase programme, as widely expected. Dunelm was on the front foot after the homeware retailer
Read moreInvestec reviews UK industrial stocks; upgrades IMI, downgrades Weir
8th Oct 2015 10:31
(ShareCast News) - Investec took a look at the UK industrials space, upgrading IMI to 'buy' from 'hold', while cutting Spectris to 'hold' from 'buy' and both Vesuvius and Weir to 'sell' from 'hold'. Investec said that for most companies, trading in September will have been weak, not terrible, just w
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