RBC 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
Read moreSunday share tips: Dairy Crest, Cluff Natural Resources, tightening cycle stocks
20th Sep 2015 15:08
(ShareCast News) - Dairy Crest shares are worth buying, said Danny Fortson in the Sunday Times' Inside the City column. Investors are currently awaiting a Competition & Markets Authority decision on 19 October whether to allow Dairy Crest to sell its dairy business, roughly two thirds of group sales
Read moreSector movers: Oil stocks lead falls
18th Sep 2015 16:28
(ShareCast News) - Oil stocks led to the downside on Friday after the US Federal Reserve's rate decision on the previous day fanned global growth fears. Traders reacted poorly to Fed chair Janet Yellen's admittedly difficult to deliver message regarding growth concerns for overseas markets, on the o
Read moreLondon close: Stocks fall ahead of FOMC interest rate decision
17th Sep 2015 16:26
(ShareCast News) - London stocks dropped on Thursday as investors turned their attention to the Federal Reserve's announcement on interest rates due after the close. The market sees a less than 25% chance that the Fed will raise rates. The Federal Open Market Committee publishes its decision at 1900
Read moreFTSE 100 movers: Engineers hammered, IAG takes off
17th Sep 2015 14:05
(ShareCast News) - The FTSE 100 lost some ground as nerves and indecision showed ahead of the US Federal Reserve's mighty rate decision. London's benchmark index was 0.6% lower at 6,191.95 by 1450 BST on Thursday, with a phalanx of engineers and oil services groups leading the way down. Engineers S
Read moreFTSE 100 movers: Weir bounces on Blackrock buying, Kingfisher knocked off perch
15th Sep 2015 15:19
(ShareCast News) - The FTSE 100 eventually reversed its early losses and most of those from the previous day by a diverse array of companies, with the index up 0.7% to 6,129.2 around an hour before the session's close. Weir was lifted to the top of the leader board apparently due to Blackrock callin
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