Thursday broker round-up UPDATE
24th Jul 2014 08:59
Afren: JP Morgan shifts target price from 180p to 188p upgrading from underweight to overweight. Anglo American: Jefferies raises target price from 1550p to 1700p and reiterates a hold recommendation. Antofagasta: Jefferies increases target price from 825p to 1000p upgrading from hold to buy. ARM
Read moreFTSE 250 movers: Renishaw surges as investors celebrate strong finish to year
23rd Jul 2014 14:37
Renishaw's market value increased by almost a fifth on Wednesday as the engineering company delivered an all-time high annual revenue of £355.5m in the year to June 30th after a record fourth quarter. Numis upgraded the stock from 'hold' to 'add' today, helping the stock rise 19% by the afternoon.
Read moreMorgan Advanced Materials profits jump in face of forex headwinds - UPDATE
23rd Jul 2014 13:32
- PBT up 10.3%, EBITDA down 3.3% - Revenues down due to Defence softness - Low yields at Certech a concern - Order book up 12.4% YoY Profits were better than expected at Morgan Advanced Materials (MGAM) in the first half of the year, with a much improved order book in spite of the "mixed" market an
Read moreWednesday broker round-up UPDATE
23rd Jul 2014 09:01
Abcam: Canaccord Genuity ups target price from 375p to 400p and upgrades from hold to buy. ARM Holdings: Deutsche Bank cuts target price from 975p to 950p and maintains a hold recommendation. Credit Suisse lowers target price from 1125p to 1100p and leaves its outperform rating unaltered. Beazley:
Read moreMorgan Advanced Materials profits jump despite currency headwinds
23rd Jul 2014 08:39
- PBT up 10.3%, EBITDA down 3.3% - Revenues down due to Defence softness - Order book up 12.4% YoY Profits were better than expected at Morgan Advanced Materials in the first half of the year, with a much improved order book in spite of the "mixed" market and depressed revenues from its defence arm
Read moreTuesday broker round-up UPDATE
22nd Jul 2014 09:37
Abcam: N+1 Singer places both its target price (prev.: 346p) and its sell recommendation under review. Amiad Water Systems: Oriel lowers target price from 350p to 340p and retains a buy recommendation. Ashmore Group: Espirito Santo ups target price from 371p to 404p, while downgrading to neutral.
Read moreTuesday broker round-up UPDATE
15th Jul 2014 08:53
Admiral Group: Numis moves target price from 1710p to 1720p, while downgrading from buy to add. African Barrick Gold: UBS initiates with a target price of 260p and a buy recommendation. Ashtead Group: Berenberg initiates with a target price of 1110p and a buy recommendation. British American Taba
Read moreMonday broker round-up UPDATE
16th Jun 2014 09:51
Allocate Software: N+1 Singer upgrades to buy with a target price of 133p. Croda International: Numis cuts target price from 2575p to 2554p and maintains its hold recommendation. Diamondcorp: Northland Capital shifts target price from 9.9p to 11p and keeps a buy recommendation. Fenner: Credit Su
Read moreFTSE 250 movers: Crest Nicholson leads risers
9th Jun 2014 14:05
Sustainable housing group Crest Nicholson rose strongly just days after the government announced measures to boost housing supply in the UK amid rampant house-price inflation. Integrated support services company Carillion was lifted by the news it's 50/50 joint venture (JV) with Lafarge Tarmac has
Read moreMorgan Advanced Materials subsidiary to acquire insulation manufacturer
9th Jun 2014 12:51
Morgan Advanced Materials on Monday said its German subsidiary, Morgan Deutschland Holding, has agreed to acquire insulation manufacturer Porextherm Dämmstoffe GmbH. The FTSE 250-listed global materials engineering company said the addition will enhance its existing insulating systems portfolio.
Read moreMonday broker round-up UPDATE
19th May 2014 07:55
Alent: Numis moves target price from 330p to 340p upgrading to add. AVEVA Group: Westhouse Securities initiates with a target price of 2260p and a buy recommendation. Bovis Homes Group: Deutsche Bank shifts target price from 1039p to 1042p and stays with its buy recommendation. Brown (N) Group: J
Read moreFriday broker round-up UPDATE
9th May 2014 08:44
Advanced Medical Solutions: Numis ups target price from 105p to 121p and retains its hold recommendation. Arrow Global: Numis upgrades from add to buy with a target price of 285p. Bank of Georgia: Numis downgrades from buy to hold with a target price of 2708p. Barclays: Citi lowers target price f
Read moreMorgan Advanced Materials results dampened by strong pound
9th May 2014 07:56
Materials technology group Morgan Advanced Materials (MAM) said that trading remains in line with expectations at the start of the year warned that a currency headwinds could dampen full-year results. The company, whose products range from medical instruments to body armour, said that year-to-date
Read moreTriple share purchase by Cairn Energy directors
25th Mar 2014 16:13
Cairn Energy was a strong performer on Tuesday after the group announced three of its directors had made share purchases. Simon Thomson, the group's Chief Executive, and Dr Mike Watts, Thomson's Deputy, each purchased 65,965 shares at 150.40p for a total of £99,211.36. Managing Director and Chie
Read moreWednesday broker round-up UPDATE
12th Mar 2014 09:03
Ashtead Group: Citi raises target price from 850p to 1075p keeping a buy recommendation. Barratt Developments: Goldman Sachs reduces target price from 527p to 502p and downgrades to neutral. British Land: Jefferies downgrades to hold with a target price of 707p. Brooks Macdonald Group: Canaccord
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