FTSE 250 movers: Supergroup rises as Numis reaffirms rating

6th Nov 2014 15:45

Supergroup rose after Numis Securities reaffirmed its 'hold' rating on the stock, with a target price of 1,100p which would suggest a potential upside of 41.21% from the stock's previous close.Since 31 October, three other analysts firms, Berenberg, Investec and Cantor Fitzgerald Europe, reiterated their 'buy' rating on Supergroup shares.AMEC advanced after announcing it had extended the acceptance period for its £2bn take-over of Foster Wheeler until the end of New York trading on 12 November. In a statement, the firm said it had acceptances for 94.29% of Foster Wheeler shares as of 4 November.Cable & Wireless Communications dropped after announcing a deal to acquire Columbus International, a leading privately-owned fibre-based telecommunications and technology services provider operating in the Caribbean.The deal is expected to cost about $1.85bn, with Cable & Wireless raising part of the funds by placing up to 252,812,284 new shares of 5 cents each, constituting approximately 9.99% of its outstanding share capital, news of which investors did not react positively to.Hikma Pharmaceuticals lifted its guidance for revenue growth in 2014 following a strong performance in trading since 1 July. It now sees sales increasing by around 25% and adjusted operating margins above 35%. Bank of Georgia declined after reporting that its net interest margin fell to 7.4% in the third quarter of the year, from 7.7% in the year ago quarter. Insurance group esure's shares moved lower after analysts at Berenberg lowered their target on the stock to 261p (from 281p). The analysts said they were "most disappointed by the weakened 2014 combined ratio guidance." As a result of the aforementioned they slashed their estimates for operating earning per share in 2015 and 2016 by 8% and 9%, respectively. Halfords Group retreated despite what Investec labelled a "strong set of first half results" which came in 2% ahead of consensus and against tough comparables.Cost guidance for the fiscal year was increased and will feed into fiscal year 2016, "but we believe the significant changes coming through from the refresh and a space swap plan together with efficiency programmes are enough to ensure this recovery story should continue to deliver attractive returns," the broker added. FTSE 250 - RisersSupergroup (SGP) 816.00p +4.75%Amec (AMEC) 1,057.00p +4.34%Aveva Group (AVV) 1,406.00p +3.92%Spectris (SXS) 1,906.00p +3.64%Smith (DS) (SMDS) 275.80p +3.49%Brown (N.) Group (BWNG) 342.20p +3.45%Balfour Beatty (BBY) 158.50p +3.39%Spire Healthcare Group (SPI) 292.40p +2.96%Paragon Group Of Companies (PAG) 364.40p +2.94%Wood Group (John) (WG.) 673.00p +2.75%FTSE 250 - FallersPlaytech (PTEC) 649.00p -6.55%Cable & Wireless Communications (CWC) 46.25p -5.50%Hikma Pharmaceuticals (HIK) 1,871.00p -5.03%Bank of Georgia Holdings (BGEO) 2,376.00p -4.23%esure Group (ESUR) 212.70p -4.19%Diploma (DPLM) 680.50p -4.15%Halfords Group (HFD) 482.70p -4.04%Polymetal International (POLY) 537.00p -3.24%Big Yellow Group (BYG) 534.00p -2.73%Rightmove (RMV) 2,147.00p -2.67%