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UK BROKER RATING CHANGES: Four Brokers Cut Centrica Price Target

Fri, 15th Nov 2013 10:23

LONDON (Alliance News) - The following UK shares received analyst recommendations Friday morning and Thursday afternoon:
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FTSE 100
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S&P CAPITAL IQ CUTS BURBERRY PRICE TARGET TO 1,600 (1,650) PENCE - 'HOLD'
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BERENBERG CUTS RSA INSURANCE TO 'HOLD' ('BUY') - TARGET 112 (141) PENCE
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BERENBERG CUTS SABMILLER PRICE TARGET TO 3600 (3800) PENCE - 'BUY'
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JPMORGAN INITIATES HARGREAVES LANSDOWN WITH 'OVERWEIGHT' - TARGET 1415 PENCE
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NOMURA CUTS DIAGEO PRICE TARGET TO 2250 (2300) PENCE - 'BUY'
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BARCLAYS RAISES REXAM PRICE TARGET TO 570 (540) PENCE - 'OVERWEIGHT'
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DEUTSCHE BANK RAISES PRUDENTIAL PRICE TARGET TO 1350 (1290) PENCE - 'BUY'
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S&P CAPITAL IQ RAISES PRUDENTIAL PRICE TARGET TO 1375 (1320) PENCE - 'BUY'
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HSBC CUTS CENTRICA PRICE TARGET TO 385 (400) PENCE - 'NEUTRAL'
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MACQUARIE CUTS CENTRICA PRICE TARGET TO 350 (360) PENCE - 'NEUTRAL'
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CREDIT SUISSE CUTS CENTRICA PRICE TARGET TO 300 (310) PENCE - 'UNDERPERFORM'
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JPMORGAN CUTS CENTRICA PRICE TARGET TO 355 (375) PENCE - 'NEUTRAL'
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HSBC CUTS NATIONAL GRID TO 'NEUTRAL' ('OVERWEIGHT') - PRICE TARGET 860 PENCE
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MACQUARIE CUTS REXAM PRICE TARGET TO 520 (530) PENCE - 'NEUTRAL'
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JPMORGAN RAISES SHIRE PRICE TARGET TO 3400 (3200) PENCE - 'OVERWEIGHT'
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LIBERUM RAISES ASTRAZENECA TO 'BUY' ('HOLD') - TARGET 3500 (3100) PENCE
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NUMIS RAISES ANTOFAGASTA PRICE TARGET TO 850 (750) PENCE - 'HOLD'
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NUMIS CUTS RBS PRICE TARGET TO 374 (400) PENCE - 'ADD'
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FTSE 250
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BERENBERG RAISES AMLIN PRICE TARGET TO 434 (398) PENCE - 'SELL'
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HSBC CUTS AMLIN TO 'UNDERWEIGHT' ('NEUTRAL') - TARGET 430 (410) PENCE
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MORGAN STANLEY CUTS PERFORM GROUP TO 'EQUAL-WEIGHT' ('OVERWEIGHT')
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BERENBERG RAISES BEAZLEY GROUP PRICE TARGET TO 258 (227) PENCE - 'HOLD'
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BERENBERG RAISES CATLIN GROUP PRICE TARGET TO 577 (544) PENCE - 'BUY'
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BERENBERG RAISES HISCOX PRICE TARGET TO 626 (564) PENCE - 'SELL'
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BARCLAYS CUTS HISCOX TO 'UNDERWEIGHT' ('OVERWEIGHT') - TARGET 556 (590) PENCE
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BERENBERG RAISES LANCASHIRE HLDGS PRICE TARGET TO 786 (747) PENCE - 'HOLD'
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BARCLAYS CUTS LANCASHIRE HLDGS PRICE TARGET TO 638 (801) PENCE
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BERENBERG RAISES TALK TALK TELECOM PRICE TARGET TO 200 (195) PENCE - 'SELL'
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EXANE BNP RAISES TALK TALK TELECOM PRICE TARGET TO 170 (153) P. - 'UNDERP.'
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EXANE BNP RAISES GREAT PORTLAND PRICE TARGET TO 620 (600) PENCE - 'OUTPERFORM'
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NUMIS CUTS SPIRAX-SARCO TO 'HOLD' ('ADD') - TARGET 3200 PENCE
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BARCLAYS CUTS CATLIN GROUP PRICE TARGET TO 598 (637) PENCE - 'OVERWEIGHT'
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UBS RAISES SERCO TO 'BUY' ('NEUTRAL') - TARGET 480 (580) PENCE
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BARCLAYS CUTS SERCO PRICE TARGET TO 470 (600) PENCE - 'EQUAL WEIGHT'
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DEUTSCHE BANK CUTS SERCO PRICE TARGET TO 440 (630) PENCE - 'HOLD'
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JEFFERIES CUTS SERCO PRICE TARGET TO 560 (675) PENCE - 'BUY'
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JPMORGAN CUTS SERCO PRICE TARGET TO 544 (646) PENCE - 'OVERWEIGHT'
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CREDIT SUISSE CUTS SERCO PRICE TARGET TO 500 (600) PENCE - 'NEUTRAL'
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UBS RAISES BBA AVIATION PRICE TARGET TO 340 (280) PENCE - 'NEUTRAL'
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JPMORGAN RAISES BBA AVIATION PRICE TARGET TO 356 (347) PENCE - 'OVERWEIGHT'
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HSBC RAISES DRAX GROUP TO 'OVERWEIGHT' ('NEUTRAL') - TARGET 800 (680) PENCE
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UBS RAISES OPHIR ENERGY PRICE TARGET TO 395 (340) PENCE - 'NEUTRAL'
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EXANE BNP RAISES OPHIR ENERGY PRICE TARGET TO 557 (540) PENCE - 'OUTPERFORM'
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NUMIS CUTS SPIRENT TO 'HOLD' ('BUY') - TARGET 105 (145) PENCE
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LIBERUM RAISES OPHIR ENERGY PRICE TARGET TO 325 (255) PENCE - 'SELL'
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NUMIS RAISES ELECTROCOMPONENTS PRICE TARGET TO 315 (260) PENCE - 'HOLD'
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JPMORGAN CUTS DEVRO PRICE TARGET TO 357 (367) PENCE - 'OVERWEIGHT'
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GOLDMAN RAISES HELLERMANNTYTON PRICE TARGET TO 370 (360) PENCE - 'BUY'
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JPMORGAN RAISES HELLERMANNTYTON PRICE TARGET TO 335 (295) PENCE - 'OVERWEIGHT'
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CANACCORD RAISES HELLERMANNTYTON PRICE TARGET TO 330 (295) PENCE - 'BUY'
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CANACCORD RAISES WOOD GROUP PRICE TARGET TO 875 (850) PENCE - 'HOLD'
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NUMIS RAISES TELECITY GROUP TO 'BUY' ('HOLD') - TARGET 900 (920) PENCE
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DEUTSCHE BANK RAISES TAYLOR WIMPEY PRICE TARGET TO 151 (140) PENCE - 'BUY'
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JPMORGAN RAISES ATKINS(WS) PRICE TARGET TO 1390 (1348) - 'OVERWEIGHT'
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NUMIS RAISES ATKINS(WS) TO 'ADD' ('HOLD') - TARGET 1475 PENCE
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ALL-SHARE AND AIM
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CITIGROUP RAISES CARPHONE WAREHOUSE PRICE TARGET TO 320 (290) - 'BUY'
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PANMURE RAISES TRINITY MIRROR PRICE TARGET TO 205 (165) PENCE - 'BUY'
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LIBERUM RAISES TRINITY MIRROR PRICE TARGET TO 260 (200) PENCE - 'BUY'
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PANMURE CUTS YOUNG & COS BREWERY TO 'HOLD' ('BUY') - TARGET 955 PENCE
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NUMIS RAISES UTV MEDIA PLC PRICE TARGET TO 288 (190) PENCE - 'BUY'
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NUMIS CUTS MINERA IRL LTD PRICE TARGET TO 40 (50) PENCE - 'BUY'
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NUMIS CUTS CAPE PLC TO 'HOLD' ('BUY') - TARGET 300 PENCE
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EXANE BNP RAISES CARPHONE WAREHOUSE PRICE TARGET TO 300 (280) P. - 'OUTPERFORM'
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Copyright 2013 Alliance News Limited. All Rights Reserved.

More News
29 Apr 2014 07:54

UPDATE 1-Carphone silent on Dixons talks as sales rise

(Adds detail, background, CEO comment) LONDON, April 29 (Reuters) - Carphone Warehouse, Europe's biggest independent mobile phone retailer currently in merger talks with Dixons Retail, reiterated full-year earnings guidance and posted a rise in fourth quarter revenue at its main CPW busines

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29 Apr 2014 07:33

UK MORNING BRIEFING: St James's Place Reports Strong Net Inflows

LONDON (Alliance News) - Shares have opened higher Tuesday following positive leads from US and Asian markets and amid a slew of FTSE 100 and FTSE 250 company trading updates.

St. James's Place has reported a surge in funds under management in the first quarter and

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29 Apr 2014 06:33

MARKET COMMENT: UK Stocks Called Higher Ahead Of UK GDP Data

LONDON (Alliance News) - UK stocks are set to open slightly higher Tuesday, adding to the modest gains posted on Monday, as investors await the latest reading of UK gross domestic product. The FTSE 100 closed modestly higher on Monday after it received a boost from pharmaceutical companies,

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29 Apr 2014 06:02

Carphone silent on Dixons talks as sales rise

LONDON, April 29 (Reuters) - Carphone Warehouse, Europe's biggest independent mobile phone retailer currently in merger talks with Dixons Retail, reiterated full-year earnings guidance and posted a rise in fourth quarter revenue at its main CPW business. The firm's trading update on Tuesday

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28 Apr 2014 16:31

MARKET COMMENT: FTSE 100 Closes Higher As AstraZeneca Soars

LONDON (Alliance News) - The UK's blue-chip index closed modestly higher Monday, outperforming its smaller peers, after its sixth-largest constituent by market capitalisation, AstraZeneca, rose sharply after US drugs giant Pfizer Inc confirmed that it has now twice approached

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24 Mar 2014 18:24

UPDATE 1-UK retailers Dixons and Carphone get extension to merger talks

* UK Takeover Panel gives Dixons, Carphone until May 19 * Sky News report says Phones4u could enter fray * Source says Dixons not in tie-up talks with Phones4u (Adds detail of report of possible Phones4u interest, shares) By James Davey LONDON, March 24 (Reuters) - Brita

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24 Mar 2014 13:15

UK MIDDAY BRIEFING: Centamin Soars As Production Beats Expectations

LONDON (Alliance News) - Metals and minerals producer Centamin is leading the FTSE 250 index Monday despite reporting a hit to pretax profit in 2013, due to a large exceptional cost, but a significant increase in revenue and production.

Centamin said pretax profit f

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24 Mar 2014 12:15

UK WINNERS & LOSERS: Barratt Falls On Return To FTSE 100, Downgrade

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Monday.

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FTSE 100 - LOSERS

Barratt Developments, down 2.1%. Following the quarterly FTSE review on Ma

Read more
24 Mar 2014 11:26

TOP NEWS: Dixons And Carphone Warehouse Extend Merger Deadline

LONDON (Alliance News) - The following is a summary of top news stories Monday.
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COMPANIES
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Electronics retailer Dixons Retail PLC and mobile phone retailer Carphone Warehouse Group PLC said that the Tak

Read more
24 Mar 2014 11:06

Carphone Warehouse and Dixons Retail extend merger talks - UPDATE

Carphone Warehouse and Dixons Retail have won extra time to thrash out a potential merger, but speculation has emerged that Carphone's rival Phones4u may make a counter-bid. Mobile phone retailer Carphone and Dixons, which owns electrical and computer retailers Currys and PC World, have asked Brita

Read more
24 Mar 2014 10:12

Dixons, Carphone merger talks deadline extended to May 19

LONDON, March 24 (Reuters) - Britain's Takeover Panel has granted Dixons Retail and Carphone Warehouse an eight week extension to their negotiations for a possible merger. The retailers did have a deadline of 1700 GMT on Monday to confirm whether they intended to press ahead with a deal.

Read more
23 Mar 2014 15:45

Sunday newspaper round-up: Life insurers, energy companies, supermarkets

The chief executives of some of Britain's biggest life insurers have asked regulators to intervene after the Chancellor's announcement of dramatic changes to the pensions market, the Sunday Telegraph said. The insurance bosses have contacted the Financial Conduct Authority and the Prudential Regulat

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25 Feb 2014 12:16

Carphone-Dixons merger would make strategic sense, says Investec

Following the announcement by Dixons and Carphone Warehouse Monday they were in talks that could lead to a merger, Investec reckons there is good strategic logic to the two groups joining forces, given the way the industry is moving, with increasing convergence in technologies and interconnectivity.

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24 Feb 2014 15:01

FTSE 250 movers: Centamin jumps on reports of Egyptian law changes

Shares of Centamin rose strongly on reports the Egyptian government's redrafted investment laws will prevent challenges from third parties on deals formed between the government and investors. According to Reuters, the news came from a cabinet source. Currys and PC World owner Dixons Retail has co

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24 Feb 2014 14:28

UPDATE 3-UK's Dixons, Carphone Warehouse in merger talks

* Dixons, Carphone in "very preliminary" merger talks * Firms say no decision reached on structure of any deal * Takeover Panel sets March 24 deadline for any offer * Dixons shares up 7.9 pct, Carphone up 5.7 pct (Adds detail, background, analyst comment) By James Davey<

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