Broker tips: HSBC, Sage, IHG
9th May 2012 11:10
Nomura has reiterated its buy recommendation and 650p target price for global banking giant HSBC, saying that consensus forecasts may increase slightly following the firm's first-quarter results yesterday. "The HSBC Q1 figures are unlikely to change perceptions of the group materially, in our view.
Read moreBroker snap: Revenue trends at Sage disappoint, says Merchant Securities
9th May 2012 10:22
Sage's interim results were broadly in line with expectations but raised some questions over revenue growth, according to Merchant Securities which has reiterated its hold recommendation and 300p target price for the stock this morning. The business software provider reported that adjusted earnings
Read moreWednesday broker round-up
9th May 2012 10:03
Anglo American: AlphaValue upgrades from add to buy, target cut from 2,767.9 to 2,731.3p. ARM Holdings: AlphaValue upgrades from sell to reduce, target cut from 459.7p to 458.7p. Balfour Beatty: Investec keeps sell recommendation and 210p target. Centamin: Investec keeps buy rating and 95p target
Read moreLondon open: Stocks claw back after heavy sell-off
9th May 2012 08:35
- Eurozone political uncertainty still ongoing - ITV, Sainsbury, Glencore wanted after updates - Weir and Sage fall sharply While the political uncertainty in the Eurozone is still on investors' minds, the FTSE 100 opened slightly higher on Wednesday morning following steep losses seen the day befo
Read moreEurope drags on Sage revenues
9th May 2012 07:19
Business software group Sage says a strategic switch to subscription revenues, plus difficulties in Europe, have constrained growth in the six months to the end of March. Despite those headwinds, the company delivered underlying revenue growth of 2%, with turnover hitting £661.2m against £649m at t
Read moreBroker tips: Tullow, Sage, Morgan Crucible
8th May 2012 11:30
Credit Suisse has raised its target price for Tullow Oil after the company revealed this morning that it has found more oil at one of its exploration wells in Kenya. "Another positive update on Ngamia-1 in Kenya. This is earlier than expected, and we like what we read," the broker said, adding that
Read moreBroker snap: Marginal earnings growth expected at Sage
8th May 2012 11:29
Merchant Securities has maintained its hold rating and 300p target price for business software firm Sage Group ahead of its interim results tomorrow. For the six months to March 31st 2012, the broker is forecasting revenue to fall from £723m (underlying organic) to £678m year-on-year and adjusted e
Read moreTuesday broker round-up
8th May 2012 08:35
Balfour Beatty: Investec keeps sell rating and gives new target of 210p. BP: Barclays downgrades from neutral to underweight. Ladbrokes: Nomura maintains neutral stance and 150p target. Morgan Crucible: Jefferies reiterates buy recommendation and 365p target. Rentokil Initial: Jefferies upgrades
Read moreLondon close: Footsie drops to intraday low on weak macro data
13th Apr 2012 16:36
- Macro data scares away bulls - Financials drag blue-chip index lower - Footsie down 1.3 per cent on the week The Footsie finished Friday's session close to its worst levels of the day as investors fretted about the global economic outlook; data from China and the US came in worse-than-expected a
Read moreFTSE 100 movers: Miners lead the way higher
13th Apr 2012 14:08
The miners were the best performers of the day, with Evraz, Polymetal, Rio Tinto, Anglo American, BHP Billiton and Glencore making decent gains. Chinese GDP data came in below expectations, which sent rumours flying around that the 'weak' (by Chinese standards) growth may prompt the central bank to
Read moreBroker tips: Burberry, Sage, Sainsbury
13th Apr 2012 11:26
UBS has raised its target price for luxury brand Burberry from 1,370p to 1,580p ahead of its fourth quarter sales update next week. The broker is expecting the company to report a 16.5% growth in sales (constant currency), significantly lower than the 23.7% growth seen in the first nine months of t
Read moreBroker snap: Jefferies downgrades Sage, reduces growth forecasts
13th Apr 2012 10:38
Jefferies has this morning downgraded its rating for business software group Sage from buy to hold, saying it is turning a 'bit more cautious' despite continuing to favour the positioning and management of the company. Sage's core business remains exceptionally stable, the broker acknowledges, unde
Read moreFriday broker round-up
13th Apr 2012 10:09
Aggreko: UBS ups target from 2,500p to 2,550p, buy rating unchanged. AstraZeneca: Jefferies maintains hold with a 3,050p target. Burberry UBS lifts target from 1,370p to 1,580p, neutral recommendation maintained. Chariot Oil & Gas: Merchant Securities initiates coverage with a buy rating and 402.
Read moreLondon open: Cautious start after Chinese GDP data
13th Apr 2012 08:37
- Chinese GDP disappoints - Miners shrug off data - Sage downgraded by Jefferies London's blue chip index started flat in early trading on Friday as some worse-than-expected economic data from China weighed on sentiment. Gross domestic product (GDP) growth in China slowed to an annual rate of 8.1%
Read moreThursday broker round-up - UPDATE
5th Apr 2012 08:00
Antofagasta: AlphaValue upgrades from reduce to add, target cut from 1,233.6p to 1,211.5p. Aveva: Merchant Securities raises target from 1,785p to 1,800p, buy rating kept. Ashmore: UBS upgrades from neutral to buy, target lifted from 400p to 420p. Barclays: AlphaValue upgrades from reduced to add
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