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Credit Suisse starts Dixons Carphone at 'outperform'

Thu, 01st Dec 2016 14:17

(ShareCast News) - Dixons Carphone racked up some healthy gains on Thursday as Credit Suisse initiated coverage of the stock at 'outperform' with a 12-month 420p price target, implying a one-year total shareholder return of 30%.CS argued that Dixons Carphone was a rare example of a successful retail merger, pointing out that since the combination just over two years ago, it has gained significant market share in its core markets and demonstrated robust operating and best-in-class profitability metrics in what is widely considered to be one of the toughest sub-sectors in retail - consumer electricals retailing."Despite robust like-for-like growth and profit delivery this year, shares are down 33% year to date on investor concerns about weak sterling and demand next year."We argue that Dixons Carphone will pass through higher costs, while demand is likely to remain stable and the flux in the industry should help the company gain market share in the UK and Europe."The bank reckons Dixons can deliver 3-4% top-line growth and strong cash generation over the next four years thanks to additional benefits from planned synergies, the ongoing store optimisation and focus on Services.At 1430 GMT, the shares were up 2.4% to 339.60p.
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4 Jul 2016 08:05

Monday broker round-up

(ShareCast News) - Auto Trader: Barclays stays at equal-weight with a target price of 340p. Dignity: Berenberg reiterates buy with a 2825p target. Dixons Carphone: HSBC keeps at buy with a target price of 400p. Mitchels & Butlers: JP Morgan downgrades to neutral with a target of 240p. Diageo: Ber

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30 Jun 2016 08:44

BROKER RATINGS SUMMARY: Reckitt Liked By JPMorgan, Macquarie And HSBC

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29 Jun 2016 15:59

LONDON MARKET CLOSE: FTSE 100 Recoups All Post-Referendum Losses

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29 Jun 2016 11:16

LONDON MARKET MIDDAY: Political Stalling Creates Stability For Markets

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29 Jun 2016 09:49

WINNERS & LOSERS SUMMARY: Investors Hammer Brammer For Profit Warning

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29 Jun 2016 07:05

Dixons Carphone agrees major US expansion with Sprint after bumper 2016

(ShareCast News) - Profits rose 17% in the year to April at Dixons Carphone, which delivered a updated strategy and an optimistic appraisal of its chances post-Brexit as the largest player in the UK market. With much of the results largely pre-flagged by the company, the new news was chief executive

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29 Jun 2016 06:25

TOP NEWS: Dixons Carphone Profit Down, Confident On Growth Post-Brexit

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28 Jun 2016 13:18

Wednesday preview: Dixons Carphone reports full year results

(ShareCast News) - Dixons Carphone is expected to report on Wednesday an increase in pre-tax profits on the back of market share gains in its mobile phones and electricals business. In a May trading update on the group's fourth quarter, the company forecast full year pre-tax profit of £445m to £45

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23 Jun 2016 14:50

Dixons Carphone Says American Depositary Receipts Admitted For Trading

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23 Jun 2016 08:35

BROKER RATINGS SUMMARY: Berenberg Cuts BAE Systems To Hold From Buy

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22 Jun 2016 17:41

Broker tips: ABF, Dixons Carphone, RSA Insurance

(ShareCast News) - Associated British Foods was under the cosh on Wednesday after Morgan Stanley cut its stance on the stock to 'equalweight' from 'overweight' and slashed the price target to 2,650p from 3,500p as it took a fresh look at Primark. The bank said that while Primark remains a great busi

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22 Jun 2016 15:05

UK Earnings, Trading Statements Calendar - Next 7 Days

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22 Jun 2016 09:32

HSBC starts Dixons Carphone at 'buy'

(ShareCast News) - HSBC initiated coverage of Dixons Carphone at 'buy' with a 460p price target, saying it is well-place and well-run, with growth underpinned. The bank said Dixons' core prospects are supported by a robust strategic position, solid consumer backdrop and a business well-suited to pre

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26 May 2016 15:56

Thursday newspaper share tips: Dixons Carphone, Serco

(ShareCast News) - Dixons Carphone's drive to close its weakest stores helped its comparable-stores sales growth in the April quarter, but there is much more to its success, writes the Financial Times' Lex column. The mobiles, appliances and computers purveyor posted April-quarter comparable-store s

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25 May 2016 11:11

LONDON MARKET MIDDAY: Banks Rally As Investors Price In US Rate Hike

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