Tuesday broker round-up
23rd Oct 2012 09:23
Aggreko: UBS cuts target from 2,750p to 2,550p, buy rating kept. ARM Holdings: Investec keeps buy rating and 800p target. Avacta: Panmure Gordon keeps buy rating and 1.75p target. AZ Electronic: Canaccord Genuity ups target from 360p to 376p, buy rating kept. Babcock: JPMorgan Cazenove ups targe
Read moreThursday broker round-up
30th Aug 2012 09:35
Admiral: Nomura keeps buy rating and 1,300p target. Antofagasta: Jefferies raises target from 1,050p to 1,200p, hold rating kept. APR Energy: Investec upgrades from hold to buy, target cut from 1,100p to 950p. Cape: Investec maintains buy recommendation and 300p target. Consort Medical: N+1 Brew
Read moreInchcape warns on Europe and emerging markets
31st Jul 2012 09:15
International car dealer Inchcape has reported a rise in profits for the half year while issuing a warning on continuing weakness in Europe and slowing growth in emerging markets. The group, which operates in 26 countries, reported sales of £3.1bn for the six months to the end of June versus £2.9bn
Read moreWednesday broker round-up
18th Jul 2012 09:21
Ashmore: Goldman Sachs upgrades to buy. Ashtead: Jefferies reiterates buy rating and 320p target. Booker: Investec maintains buy rating and 98p target. British Land: BarCap downgrades to equal weight. Capital Shopping Centres: BarCap upgrades to overweight. Chariot Oil & Gas: Merchant Securitie
Read moreInchcape sees solid 2012
10th May 2012 07:59
Car dealership Inchcape said first quarter revenue increased a better than expected 1.4% increase in like-for-like sales and said it expects a solid performance for the full year. The group, which sells brands such as Porsche, Mercedes-Benz, BMW and Toyota, said group revenue was slightly better th
Read moreTuesday broker round-up - UPDATE
1st May 2012 08:09
Aberdeen Asset Management: Citigroup ups target from 290p to 310p, buy rating kept; Barclays Capital raises target from 260p to 285p, equal weight retained; UBS lifts target from 310p to 340p, buy rating unchanged. Avocet Mining: Nomura reiterates buy recommendation and 310p target. Cape: Arden Pa
Read moreTuesday broker round-up - UPDATE
27th Mar 2012 09:21
Aberdeen Asset Management: UBS ups target from 300p to 310p, buy recommendation maintained. Babcock: Investec raises target from 810p to 850p, buy rating kept; Peel Hunt reiterates buy rating and 855p target; Jefferies keeps buy rating and 780p target. Bellway: Investec downgrades from buy to hold
Read moreSunday share tips: Spirent, Inchcape
25th Mar 2012 08:55
After soaring 11% when its full-year numbers were released on March 13, shares of car dealership firm Inchcape are now back to the same level they were at before the numbers were unveiled. However, for investors with a long-term view, this has presented an opportunity. The post-results share price l
Read moreFTSE 250 movers: Inchcape jumps despite falling sales
13th Mar 2012 14:34
Car retailer and distributor Inchcape saw sales in 2011 hit by weak markets in the UK and Greece, but managed to raise its operating margin through tight cost control. Nomura said that the results were broadly in line with expectations. Shares jumped nine per cent. Meanwhile, house builders were pe
Read moreBroker tips: Standard Life, Inchcape, House builders
13th Mar 2012 12:16
While Panmure Gordon says that Standard Life's full-year results were good and ahead of expectations, the broker had downgraded its rating on the insurance giant from buy to hold. "We turned buyers of Standard Life following better than anticipated interim results in August and on the basis that th
Read moreLondon midday: Stocks extends gains after ZEW survey
13th Mar 2012 11:46
- German ZEW reaches highest level in over a year - Spain to accept Eurogroup's fiscal consolidation request - Miners, banks lead the rise on the Footsie Stocks were extending gains by lunchtime after a German confidence survey smashed expectations. Meanwhile, US stock futures are pointing to a pos
Read moreBroker snap: Macro concerns continue at Inchcape, says Nomura
13th Mar 2012 11:40
Nomura has reiterated its neutral rating and 390p target price on car retailer and distributor Inchcape, saying that while the results were broadly in line with expectations, there are some concerns over the global economic environment. Group sales decreased by 1.0% to £5.8bn for full year 2011 ver
Read moreTuesday broker round-up - UPDATE
13th Mar 2012 09:59
AstraZeneca: Panmure Gordon keeps buy rating and 3,600p target. Bellway: Credit Suisse maintains outperform rating. BG Group: Nomura raises target from 1,865p to 1,950p, buy rating kept. Computacenter: Panmure Gordon ups target from 490p to 501p, buy rating unchanged. Hays: Credit Suisse ups tar
Read moreInchcape grows margin despite tough European markets
13th Mar 2012 07:43
The car retailer and distributor, Inchcape, saw sales in 2011 hit by weak markets in the UK and Greece but managed to raise its operating margin through tight cost control. Group sales decreased by 1.0% to £5.8bn for full year 2011 versus 2010. On a like-for-like constant currency basis, the decrea
Read moreUPDATE: Friday broker round-up
28th Oct 2011 09:13
HSBC/Standard Chartered: Citi chief economist William Buiter argues today that: "World trade is set for a prolonged boom and a marked transformation. Transaction banking and trade finance should track the direction of trade and economic growth in the long term. (...) Standard Chartered and HSBC shou
Read more