-
Wednesday, 3rd February 2010
WM MORRISON
JP Morgan upgrades Morrison’s to “overweight” ahead of its results on 11 March. Calculates that Morrison’s has grown three-fold over the past seven years, helped by its Safeway purchase....
[Read more]
-
Tuesday, 2nd February 2010
BSKYB
Evolution cut its valuation 10p to 560p, despite 10 per cent revenue growth. Concerns about rising programming and transmission costs mean it sees the 50 per cent earnings growth as too...
[Read more]
-
Monday, 1st February 2010
IG Group
Arden has increased its target price by seven per cent to 440p. With no loss making days in the last 18 months and bad debt at under 0.1 per cent of revenue in the first half of 2010, IG’s...
[Read more]
-
Thursday, 28th January 2010
SABMILLER
Only 90p of SABMiller’s 185p slide to £16.55 since 11 January can be explained by its failure to acquire Mexican company FEMSA Cerveza, says Evolution Securities. The broker thinks the rest...
[Read more]
-
Wednesday, 27th January 2010
MARSTON’S
Numis predicts the brewing giant will report a year-on-year one per cent increase in like-for-like sales at its annual meeting on Friday and gives the shares a “buy” rating. It forecasts...
[Read more]
-
Tuesday, 26th January 2010
HMV
Numis has cut its forecasts on HMV and shifted its recommendation to “hold” despite the retailer’s Christmas trading update which was in line with market expectations. Numis said the decline in...
[Read more]
-
Monday, 25th January 2010
CLOSE BROTHERS
Shore Capital has resumed coverage of Close Brothers with a “hold” rating after a pre-close update last week. The broker said the group’s mixed divisional performance – with strength...
[Read more]
-
Friday, 22nd January 2010
UK MAIL
Seymour Pierce reckons UK Mail had a good Christmas and has upgraded its full-year profit forecasts for 2010 as a result. The broker notes UK Mail shares had a strong rise at the end of last...
[Read more]
-
Thursday, 21st January 2010
CABLE & WIRELESS
Citigroup upgrades Cable & Wireless (C&W) to “buy” saying the shares, which underperformed in 2009, are due to be re-rated this year. It expects confidence to improve...
[Read more]
-
Wednesday, 20th January 2010
MICHAEL PAGE
Investec yesterday raised its target price for Michael Page to 410p from 360p and advised investors to hold the shares. It believes the recruiter’s recent trading update marked a turning...
[Read more]
-
Tuesday, 19th January 2010
QINETIQ
Evolution Securities says Qinetiq is the victim of a “vicious squeeze” as robot and armour sales have yet to rise despite other equipment manufactures reaping the benefits of the recent surge...
[Read more]
-
Monday, 18th January 2010
ASSOCIATED BRITISH FOODS
Evolution Securities has upgraded its target price to 950p on its “buy” recommendation of ABF. Despite a recent rally, Evo said the company “still looks compelling value”...
[Read more]
-
Friday, 15th January 2010
XSTRATA
Investec Securities yesterday initiated coverage on what it called “the predator of the mining industry”. The broker put a “buy” recommendation on the stock, saying that looking beyond...
[Read more]
-
Thursday, 14th January 2010
BARCLAYS
Execution has initiated coverage of Barclays with a “buy” rating. The broker said revenues at BarCap should be relatively sustainable due to its diverse fixed income business and revenue...
[Read more]
-
Wednesday, 13th January 2010
GREENE KING
Collins Stewart believes Greene King is under valued and recommends investors “buy”. It says both growth and resilience are built into its business model and thinks its estimates are...
[Read more]
-
Tuesday, 12th January 2010
TOMKINS
Numis has upgraded its 2009 and 2010 estimates by 15 and 20 per cent respectively on the basis of rising automotive production and benefits feeding through from restructuring initiatives....
[Read more]
-
Monday, 11th January 2010
TED BAKER
Singer Capital maintains a “buy” rating for Ted Baker after strong trading from 1 November to 24 December. Retail sales growth for this period was 19.1 per cent and trading was up 14.3 per...
[Read more]
-
Friday, 8th January 2010
SAGE
UBS has switched its rating to “buy” from “netural”, pointing out it is trading at a 23 per cent discount to its FTSE peer group. It believes the current share price ignores the sustainability...
[Read more]
-
Thursday, 7th January 2010
MENZIES
Numis believes the shares are significantly undervalued and raised its target price from 411p to 423p on the back of a positive trading update. Management said Menzies Aviation had seen a...
[Read more]
-
Wednesday, 6th January 2010
Carrs Milling
FinnCap believes the agriculture, engineering, food and travel company has decent value and should return to profit after a disappointing second half last year. Fertiliser sales have...
[Read more]
-
Tuesday, 5th January 2010
CARNIVAL
Cruise operator Carnival's full year results were ahead of market expectations and Charles Stanley expects yields to continue to recover with the US economy in 2010. It believes cruising...
[Read more]
-
Tuesday, 22nd December 2009
CLAPHAM HOUSE
Following a gloomy outlook from the restaurant group for 2010, Seymour Pierce yesterday said it pulled back its recommendation on the shares and is now taking a neutral stance on...
[Read more]
-
Monday, 21st December 2009
FORTH PORTS
Investec Securities kept its recommendation for Forth Ports as “buy”. Investec says the ports group should deliver robust business in a challenging economic environment, and praised the...
[Read more]
-
Monday, 14th December 2009
HMV
Singer Capital Markets has maintained a “buy” recommendation on HMV despite the group posting reported interim results at the lower end of its expected performance.
It said disappointment in...
[Read more]