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HSBC reiterates 'buy' but cuts target price on Jimmy Choo

HSBC reiterates 'buy' but cuts target price on Jimmy Choo

Fri, 01 July 2016

(ShareCast News) - HSBC maintained its 'buy' rating on Jimmy Choo on Friday, after the luxury shoe maker said it was off to a good start to the year. In Jimmy Choo's 15 June trading update, it said ha... [more]

Rolls Royce profits to get big lift from drop in sterling

Rolls Royce profits to get big lift from drop in sterling

Fri, 01 July 2016

(ShareCast News) - Rolls Royce´s revenues were set to grow more slowly in the short-term but the drop in sterling´s value was set to give the manufacturer´s bottom-line a big boost over the short-to-m... [more]

Telecom plus upgraded to 'sector perform' from 'underperform' by RBC

Telecom plus upgraded to 'sector perform' from 'underperform' by RBC

Fri, 01 July 2016

(ShareCast News) - Utility group Telecom plus was upgraded to 'sector perform' from 'underperform' and had its target price raised to 1,050p from 850p by RBC Capital Markets on Friday. RBC said it bel... [more]

Broker tips: Centrica, Travis Perkins, Reckitt Benckiser

Broker tips: Centrica, Travis Perkins, Reckitt Benckiser

Thu, 30 June 2016

(ShareCast News) - Centrica's 'outperform' rating was left unchanged by RBC Capital Markets on Thursday but the British Gas owner's target price was cut to 250p from 280p. RBC said it advocates Centri... [more]

Credit Suisse  restarts Glencore at outperform, raises target on Anglo American

Credit Suisse restarts Glencore at outperform, raises target on Anglo American

Thu, 30 June 2016

(ShareCast News) - Credit Suisse gave the mining sector a boost on Thursday as the broker raised its projections for the average price of some key base base and precious metals, while re-jigging its t... [more]

JP Morgan downgrades Reckitt Benckiser after strong run in share price

Thu, 30 June 2016

(ShareCast News) - Analysts at JP Morgan downgraded their recommendation on shares of Reckitt Benckiser, arguing that the boycott on its goods in South Korea would weigh on the group´s rate of growth ... [more]

Berenberg downgrades Travis Perkins on Brexit uncertainty

Thu, 30 June 2016

(ShareCast News) - Berenberg downgraded builders' merchant and home improvement retailer Travis Perkins to 'hold' from 'buy' and slashed the price target to 1,540p from 2,300p pointing to effect of Br... [more]

RBC Capital reiterates 'outperform' rating on Centrica

Thu, 30 June 2016

(ShareCast News) - Centrica's 'outperform' rating was left unchanged by RBC Capital Markets on Thursday but the British Gas owner's target price was cut to 250p from 280p. RBC said it advocates Centri... [more]

Wednesday broker round-up

Wed, 29 June 2016

(ShareCast News) - Petrofac: Jefferies upgrades to buy with a target price of 835p and Societe Generale stays at buy with a target price of 921p. Thomas Cook: JP Morgan keeps at neutral with a 101p ta... [more]

BofA ML upgrades Burberry on weak sterling, valuation

Wed, 29 June 2016

(ShareCast News) - Fashion house Burberry racked up healthy gains on Wednesday as analysts suggested it would benefit from sterling weakness. Bank of America Merrill Lynch upgraded the stock to 'buy' ... [more]

Broker tips: Ocado, Prudential, Shawbrook

Wed, 29 June 2016

(ShareCast News) - Shares in Ocado gave up much of Tuesday's gains as further downgrades were made to forecasts for the current year by Barclays and Exane BNP Paribas. Following an analysts meeting on... [more]

Shawbrook bounces back with help from Credit Suisse note

Wed, 29 June 2016

(ShareCast News) - Shawbrook shares surged back 23% higher on Wednesday morning, helped by comments from Credit Suisse that the reaction to the UK's vote to leave the European Union which had seen the... [more]

Prudential is top pick among European insurers, says Barclays

Wed, 29 June 2016

(ShareCast News) - Barclays reiterated an 'overweight' rating and target price of 1609p on Prudential, saying the insurer is a "strong high quality business and the double digit growth story is intact... [more]

Ocado falls back as brokers cut forecasts but see 'limited' Amazon threat

Wed, 29 June 2016

(ShareCast News) - Shares in Ocado gave up much of Tuesday's gains as further downgrades were made to forecasts for the current year by Barclays and Exane BNP Paribas. Following an analysts meeting on... [more]

Tuesday broker round-up:

Tue, 28 June 2016

(ShareCast News) - Just Eat: Goldman Sachs reiterates buy with a target price of 670p. G4S: Credit Suisse keeps at outperform with a 210p target. Bellway: Goldman Sachs keeps at neutral with a target... [more]

Some UK property stocks may be approaching oversold levels, JP Morgan says

Tue, 28 June 2016

(ShareCast News) - Inactivity bred by the uncertainty after Brexit would create material headwinds for UK property stocks, but even after factoring-in 30% declines in capital values over the coming th... [more]

Broker tips: Ocado, G4S, AB Foods

Tue, 28 June 2016

(ShareCast News) - Numis reiterated a 'buy' rating and target price of 400p on Ocado Group on Tuesday after the online grocer reported growth in first half revenue and earnings. The company posted a 5... [more]

Credit Suisse upgrades G4S on valuation, sterling weakness

Tue, 28 June 2016

(ShareCast News) - Credit Suisse upgraded security services company G4S to 'outperform' from 'neutral' and lifted the price target to 210p from 200p, pointing to four main reasons for the move. It sai... [more]

Berenberg upgrades AB Foods to 'buy'

Tue, 28 June 2016

(ShareCast News) - Berenberg upgraded Primark owner Associated British Foods to 'buy' from 'hold' but cut the price target to 2,760p from 3,450p. The bank noted shares have dropped more than 30% in th... [more]

Numis reiterates 'buy' rating on Ocado

Tue, 28 June 2016

(ShareCast News) - Numis reiterated a 'buy' rating and target price of 400p on Ocado Group on Tuesday after the online grocer reported growth in first half revenue and earnings. The company posted a 5... [more]

Goldman adjusts ratings on UK housebuilders after Brexit

Tue, 28 June 2016

(ShareCast News) - Following the UK's decision to leave the European Union, Goldman Sachs expects new build volumes in UK housing to drop 10% next year, versus a previous forecast of 7% growth and hou... [more]

Broker tips: ITV, Randgold Resources, Fresnillo, UK banks

Mon, 27 June 2016

(ShareCast News) - Nothing had changed with respect to ITV's fundamentals following Brexit despite the approximately 20% share price drop on 24 July, analysts at Liberum said, as they stood by their '... [more]

Liberum sees increased odds of takeover bid for ITV as pound weakens

Mon, 27 June 2016

(ShareCast News) - Nothing had changed with respect to ITV's fundamentals following Brexit despite the approximately 20% share price drop on 24 July, analysts at Liberum said, as they stood by their '... [more]

Goldman Sachs upgrades Randgold and Fresnillo

Mon, 27 June 2016

(ShareCast News) - Precious metals miners Randgold Resources and Fresnillo were among the few gainers in equity markets on Monday again as gold prices hit a two-year high and supported by upgrades fro... [more]

Take advantage of ITV's post-Brexit slump, says Liberum

Mon, 27 June 2016

(ShareCast News) - Liberum reiterated its stance on buy-rated broadcaster ITV as a 'top pick' on Monday, saying investors should take advantage of Friday's share price slump. It said that while ITV sh... [more]