Broker snap: Investec downgrades Weir to hold
4th Mar 2013 12:33
Risk over the medium term for industrial engineering outfit Weir's share price lies to the upside, analysts at Investec wrote to clients on Monday morning. However, the company's share price is now almost at its target price, hence their decision to move to a 'hold' stance from 'buy.' In a more det
Read moreMonday broker round-up UPDATE
4th Mar 2013 07:12
Aggreko: JP Morgan takes target price from 1845p to 1870p, while reiterating a neutral rating. Anglo American: Nomura reduces target price from 1800p to 1700p and downgrades from neutral to reduce. ARM Holdings: Deutsche Bank increases target price from 400p to 445p, but still recommends selling.
Read moreFriday broker round-up UPDATE
1st Mar 2013 07:17
Ashtead Group: Citigroup increases target price from 487p to 590p and keeps a buy recommendation. Atkins: JP Morgan raises target price from 893p 920p, reiterating an overweight rating. Berendsen: Panmure Gordon moves target price from 582p to 760p, while staying with its hold recommendation. Cant
Read moreThursday broker round-up UPDATE
28th Feb 2013 07:19
AZ Electronic Materials: Goldman Sachs moves target price from 440p to 450p and retains a buy recommendation. Bovis Homes Group: Deutsche Bank shifts target price from 667p to 679p, while downgrading to hold. British American Tabacco: Investec places its target price (previously 3350p) and buy rec
Read moreLondon close: Stocks rebound after upbeat US housing data
27th Feb 2013 17:08
Continuing upbeat data from the US housing sector boosted the FTSE 100 in afternoon trade on Wednesday, as stocks tracked Wall Street indices higher. Stocks sank yesterday (FTSE 100 down 1.3%, Cac 40 down 2.7% and FTSE MIB down 4.9%) in the wake of the Italian elections which revealed growing suppo
Read moreFTSE 100 movers: Petrofac down on underwhelming results
27th Feb 2013 15:42
Oilfield services group Petrofac was a big faller after underwhelming with a nine per cent rise in revenue and 17 per cent increase in net profit in 2012. The firm´s plans to invest around $1bn in capital outlays over the next five years displeased some analysts. Eurasian Natural Resources Corpora
Read moreLondon midday: Sentiment still fragile after inconclusive Italian elections
27th Feb 2013 11:28
Markets across Europe were staging a slight rebound on Wednesday but sentiment was still fragile as political instability in Italy spread fears that the Eurozone crisis could drag on for some time yet. Stocks sank yesterday (FTSE 100 down 1.3%, Cac 40 down 2.7% and FTSE MIB down 4.9%) in the wake o
Read moreBroker tips: HSBC, Weir, ITV
27th Feb 2013 10:23
Investec has upgraded its recommendation for global banking giant HSBC from 'hold' to 'add' and lifted its price target from 685p to 735p after the stock's recent underperformance. "After 46 disposals/closures in two years with a wide array of balance sheet/income statement effects, net net, we see
Read moreBroker snap: Nomura stays 'neutral' on Weir after in-line results
27th Feb 2013 10:22
Nomura has kept its 'neutral' rating and 1,950p target price for engineering solutions giant Weir after a broadly in-line set of 2012 results. Sales (up 11% at £2.54bn) missed consensus expectations by 2.3%, but margins of 19.1% beat the 18.6% forecast, leading to an in-line operating profit, the b
Read moreLondon open: Markets claw back after sell-off
27th Feb 2013 08:40
Stock markets rebounded slightly on Wednesday morning following a sell-off the day before after the disappointing outcome to the national elections in Italy. Equities across Europe were sold off yesterday in the wake of the Italian elections which revealed growing support for anti-austerity parties
Read moreWednesday broker round-up UPDATE
27th Feb 2013 08:11
: Panmure Gordon reduces target price from 2159p to 1742p and reiterates its hold recommendation. Antofagasta: JP Morgan cuts target price from 1485p to 1400p, while retaining its overweight rating. Barclays: Numis raises target price from 351p to 400p and upgrades to buy. BT Group: UBS moves tar
Read moreWeir reports record profits and margins for 2012
27th Feb 2013 07:27
Engineering solutions group Weir managed to register record profits and margins last year and said that it expects another year of profitable growth in 2013. The company, which works in the mining, oil & gas and power markets, reported a profit before tax of £443m for the 52 weeks to December 28th,
Read moreSunday share tips: Weir Group, Paragon, William Hill
24th Feb 2013 15:18
Spare a moment for the 'short-sellers', those dastardly investors who make hay when a company's shares tank. They are having a bad run at Weir Group. The 4.7bn pound supplier of kit to miners and oil drillers is the most "shorted" stock in the FTSE 100. About 15 per cent of its shares are out on loa
Read moreThursday broker round-up UPDATE
21st Feb 2013 08:02
Aberdeen Asset Management: Citigroup takes target price from 400p to 430p and stays with its neutral rating. Admiral Group: JP Morgan starts with a target price of 1246p and a neutral rating. Anglo American: Jefferies increases target price from 2050p to 2450p and upgrades from hold to buy. Aviva
Read moreLondon midday: Footsie breaches 6,400 on stimulus hopes
20th Feb 2013 11:41
The FTSE 100 hit a fresh five-year high in morning trade on Wednesday morning on the back of hopes for further stimulus from the Bank of England, as minutes of the latest rate-setting meeting showed that more policy-makers voted for further asset purchases. London's benchmark index hit an intraday
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