Thursday broker round-up
21st Jun 2012 09:13
ARM Holdings: Investec maintains buy rating and 800p target. Ashtead: Jefferies ups target from 300p to 320p, buy rating retained. Bellway: Goldman Sachs downgrades to neutral. British Land: Societe Generale downgrades to sell. CRH: HSBC upgrades to overweight. Dignity: Goldman Sachs downgrades
Read moreThursday tips round-up: Weir, Rio Tinto, Liontrust
21st Jun 2012 07:12
The Tempus column in the Times looks at engineering group Weir, whose shares have been in a sharp decline since peaking at 2,200p in February as the market began to doubt its exposure to shale. 'Much of the short-selling was by dealers who were expecting the slowdown in shale to mean these [profit f
Read moreWednesday broker round-up
20th Jun 2012 09:21
Burberry: Nomura maintains buy recommendation and 1,530p target. Chariot Oil & Gas: Merchant Securities keeps buy rating and 232p target. Home Retail: HSBC downgrades to neutral, target cut from 110p to 100p. Imagination Tech: UBS cuts target from 480p to 470p, neutral rating unchanged. Internat
Read moreWeir Director boosts stake with 3,500 shares
19th Jun 2012 16:36
John Mogford, an independent non-executive director of engineering giant Weir Group, purchased 3,500 ordinary shares on Monday at 1,454p a pop. The £50,890 purchase, which took Mogford's total holding in the company to 11,481 shares, came just one day before the company reconfirmed its full-year g
Read moreLondon midday: Stimulus hopes drive gains
19th Jun 2012 11:28
- G20 to take 'all necessary policy measures' - UK, US stimulus hopes boost markets - Whitbread, Home Retail rise strongly UK stocks were trading near their highest levels of the day by lunchtime on hopes that the world's leaders can pull together to battle the global financial crisis. According t
Read moreBroker tips: Whitbread, Weir, Shell
19th Jun 2012 11:22
In spite of Whitbread's robust first-quarter results, Investec reiterated its 'sell' rating for the Premier Inn and Costa owner on Tuesday, saying that it retains a bearish long-term outlook on the stock. The broker has raised its full-year earnings per share (EPS) forecast by 2.3% from 140.6p to 1
Read moreBroker snap: Jefferies remains a buyer of Weir
19th Jun 2012 11:09
Jefferies has reiterated its 'buy' recommendation and 2,185p target price for engineering giant Weir Group, saying that consensus upgrades are in order following Tuesday's Capital Markets Day. In a brief statement that highlight the presentations given to investors, Weir reconfirmed its full-year g
Read moreWeir Group confirms full year guidance
19th Jun 2012 10:07
Shares in Weir Group rallied on Tuesday after the company reconfirmed its full year guidance. The firm's owners have been shares lose a third of their value since February, dropping from around £22 four months ago to £15 now. The news that business was on track pushed them back up 5% on Tuesday mo
Read moreLondon open: Whitbread, Home Retail provide a boost early on
19th Jun 2012 08:30
- Leaders to take 'all necessary policy measures' - Whitbread provides a lift on the Footsie after strong Q1 - Greece, Spain and FOMC in focus The FTSE 100 index advanced in early trading on Tuesday morning after euro members pledged to 'safeguard' the region. According to a leaked draft communiqu
Read moreGlencore boss strikes again, LSE boss sells
12th Jun 2012 15:16
Glencore International's Chief Executive Officer Ivan Glasenberg bought himself another chunk of shares in the mining titan, his third in the past week, it was announced on Tuesday. Since earning a whopping $110m in the latest dividend payout at the start of this month, the director has paid out j
Read moreThursday broker round-up
7th Jun 2012 09:23
Barclays: Deutsche Bank retains buy rating and 295p target. Burberry: Credit Suisse upgrades to outperform, target lifted from 1,420p to 1,650p. Centamin: Nomrua upgrades from neutral to buy, target lifted from 100p to 130p. Circle Oil: Investec cuts target from 90p to 86p, buy rating maintained.
Read moreSunday share tips: Weir, 3i Infrastructure, RBS
13th May 2012 11:41
Pump and valves specialist Weir Group has been a favourite of the bears this year on concerns the low US natural gas price would crimp orders for equipment for the shale gas industry. The boom in fracking and shale gas production has resulted in a glut of gas in the US - and it does not yet have the
Read moreBroker tips: BT, Weir, AVEVA
10th May 2012 11:26
Nomura has maintained its buy recommendation and 295p target price for telecoms titan BT, saying that while fourth-quarter revenues were soft, earnings, free cash flow and guidance were strong. The broker did note BT's decision not to rebase its dividend after announcing an 8.3p-a-share payout, up
Read moreBroker snap: Credit Suisse downgrades estimates for Weir
10th May 2012 10:57
Credit Suisse has slashed its target price for engineering group Weir by over a quarter following this week's first-quarter statement. The broker has cut its earnings per share (EPS) forecasts for 2012, 2013 and 2014 by 7%, 14% and 15%, respectively. The target price comes down to just 1,700p, from
Read moreThursday broker round-up
10th May 2012 09:28
Abcam: Canaccord Genuity reiterates hold recommendation and 370p target. Aveva: UBS upgrades from sell to neutral, 1,600p target unchanged. BAE Systems: AlphaValue upgrades from add to buy, target raised from 342.7p to 343.4p. BT: Jefferies keeps buy recommendation and 268p target; Nomura reitera
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