Broker recommendations : STV Group, Lloyds Banking Group, Ophir Energy
29/08/2014 - Broker Recommendations - 0 Comments - 98 words
Brokers at Numis have issued a new buy rating on Scottish Media firm STV Group PLC after yesterdays encouraging report to market. The target price is increased though to 481p from 377p.
Lloyds Banking Group remains on the Investec buy-list with target price 85p.
Deutsche Bank remains bullish on Ophir Energy after recent board changes and an upbeat drilling report in its Tanzanian LNG development. The broker retains a 280p target price.
Broker ratings : Randgold Resources, Antofagasta, Kazakhmys
11/10/2012 - Broker Recommendations - 0 Comments - 110 words
In retail Seymour Pierce has upgraded JD Sports Fashion from hold to buy, target price raised to 1000p from 800p. The same broker also upgraded Burberry Group from hold to buy with target price unchanged at 1200p.
Amongst the miners Canaccord Genuity has issued a number of broker notes. Gold miner Randgold Resources dropped to hold from buy but target price raised from 7500p to 9000p.
Antofagasta is downgraded from buy to hold, target price 1400p from 1425p. BHP Billiton downgraded from buy to hold, target price 2000p from 2175p and Kazakhmys from buy to hold, target price raised from 730p to 770p.
Broker recommendations : Home Retail Group, WM Morrisons, Admiral Group
06/09/2012 - Broker Recommendations - 0 Comments - 112 words
Nomura has increased its target price for Home Retail Group from 73p to 85p although retains a reduce rating meanwhile, UBS has upgraded the firm from 'neutral' to 'buy' target price 115p. Long-term sale decline looks "more cyclical than structural" says the UBS.
Credit Suisse has downgraded its rating for insurer Admiral Group to 'neutral' from 'outperform'. The broker has lowered earnings forecasts as a result of weaker than forecast car insurance growth and industry pressure on pricing.
In other retail broker notes Nomura increases Debenhams target from 90p to 105p. Seymour Pierce upgrades Dixons Retail to buy and Jefferies maintains buy rating on WM Morrisons with 350p target.
Broker recommendations : Tullow Oil, Max Petroleum, African Barrick Gold
30/08/2012 - Broker Recommendations - 0 Comments - 85 words
Morgan Stanley reiterates an 'overweight' stance on Tullow Oil. The shares are undervalued says Morgan Stanley as Tullow has three new oil regions and development concerns are overdone.
Merchant Securities has upgraded Kazakh-focused Max Petroleum to 'sell' from 'hold' and lowered its targer price from 4.8p to 3.1p. The broker awaits news of debt renegotiation.
Canaccord Genuity maintains its 'hold' rating for Tanzania’s largest gold miner, African Barrick Gold, but cuts the target from 440p to 380p as takeover speculation has subsided.
Broker recommendations : Findel, Rightmove, British Land, Hammerson
24/08/2012 - Broker Recommendations - 0 Comments - 119 words
WH Ireland has reiterates a "buy" rating on home shopping firm Findel with target price 12.5 pence. The broker notes Findel's risk profile still high but the recovery strategy appears to be gaining traction.
Jefferies International has downgraded a host of estate firms from 'buy' to 'hold' including British Land and Great Portland Estates with target price unchanged at 552p and 459p respectively, Land Securities, target cut from 848p to 826p, Hammerson, target cut from 510p to 501p.
Also in property Peel Hunt rates Rightmove a 'sell' and quotes a target price of £11.80. The broker believes the online property estate agent remain 'fundamentally overvalued' and that forecast beating interim revenues wont repeat in the full year.
Broker Recommendations : ARM Holdings, G4S, Vodafone, Invensys
23/08/2012 - Broker Recommendations - 0 Comments - 117 words
Engineering controls firm Invensys is mainatined as a 'buy' at UBS with target price increased to 280p from 240p. The broker now says the firm was over-discounted after recent drops but now approaches a more realistic valuation.
S&P Equity Research rates chip firm ARM Holdings a 'buy' with increased target price to 700p from 575p. The brokers raises its forecasts for ARM’s earnings margins on annual sales growth of upto 10%.
Espirito Santo rates Vodafone a 'buy' with a fair value of 210p and G4S remains a 'hold' at Panmure Gordon target price at 262p. A sub-230p price would make an interesting entry point, says the broker, because of the firms position in emerging markets.
Broker recommendations : HSBC, Essar Energy, GlaxoSmithKline
17/08/2012 - Broker Recommendations - 0 Comments - 111 words
Investec has lowered expectation on HSBC with target price reduced to 590p. The broker moves the bank from 'buy' to 'hold' and recons that onging 'headwinds' make the stock unlikely to progress much during the current banking turmoil.
US broker Jefferies has downgrade GlaxoSmithKline to 'hold' from 'buy' and see's limited upside to a new price target of 1,550p. Jefferies believes that Glaxo's core business is over-exposure to global price pressures.
JP Morgan Cazenove has downgraded Indian Stanlow oil refinery owner Essar Energy to 'neutral' from 'overweight', target price reduced from 175p to 150p. The broker believes that regulatory hurdles in India could restrict the firms potential progress.
Broker ratings : HMV Group, Mediterranean Oil & Gas, Telecity
10/08/2012 - Broker Recommendations - 0 Comments - 112 words
Seymour Pierce maintains a 'sell' rating on HMV Group after the departure of both chief exec and finance director. The broker expects tough market competition as the firm continues its restructure and pitches the new target price at only 1p.
Numis is recommending investors 'add' Telecity with a target price of 1010p. The broker has made upgrades to the telecoms firms full-year earnings forecasts from 1 to 2%.
Mediterranean Oil & Gas is back in the good books after the Italian offshore operations hold was lifted, in wake of BP Gulf of Mexico oil disaster. Liberum now has a 'buy' rating target price on MOG increased to 22p from 13p.
Broker Recommendations : Diamondcorp, Falkland Oil & Gas, ARM Holgings
31/05/2012 - Broker Recommendations - 0 Comments - 116 words
Merchant Securities initiates coverage of Falkland Oil & Gas with a 'buy' and target price 400p. The broker notes that company holds potential the best exploration acreage around the Falkland Islands.
Analysts at Fairfax maintain a 'buy' on Diamondcorp today although the miner has end July to secure funding for its Lace diamond mine in South Africa. Once funding is signed off, says the broker, DCP will be well placed to accrue value, target price 22 pence per share.
Morgan Stanley rates ARM Holgings, the semi-conducter firm 'overweight' with a target price of 690p despite it high PE ratio. The broker believes ARM could achieve 70% market share in chips for mobiles by 2016.
Latest broker ratings : Gem Diamonds, Hikma Pharmaceuticals, Carillion
27/04/2012 - Broker Recommendations - 0 Comments - 132 words
With Diamond market back in the sights of investors as an alternative to gold, Northland Capital has initiated coverage of Diamondcorp and a target price of 15p while Goldman Sachs has downgraded Gem Diamonds from buy to neutral.
UBS has upgraded the pharma group Hikma to 'buy' from 'neutral' target price of 755p. The broker sees the fall in share price so far in 2012 as an attractive entry point. UBS also notes that further acquisitions, particularly in Egypt could be on the cards.
Seymour Pierce rates services company Carillion as a 'buy' target price of 440p. Notes that the firm has been worst performing stock under its coverage in last 12 months but view the shares as too cheap with a strong pipeline and revenue visibility for 2012.