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Dairy Crest Share News (DCG)

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Broker tips: Aggreko, SABMiller, Dairy Crest

Fri, 14th Nov 2014 13:17

Third-quarter results from Aggreko were well-received by the market on Friday, but analysts at Peel Hunt chose to keep a 'hold' rating on the temporary power and temperature control group due to a cautious outlook.Peel Hunt analyst Andrew Nussey said that the statement was in line with expectations but highlighted Aggreko's comments about an "uncertain" environment in the power projects division. "We are mindful that the outlook for 2015 remains uncertain, given geopolitical risks and customer hesitancy," Nussey said.Investec has reiterated its 'sell' recommendation on SABMiller after interim results from the brewing giant missed the market's expectations, with the broker saying that its valuation "looks stretched"."While we keep our below-consensus estimates intact courtesy of lower tax and interest rate guidance, the valuation still looks stretched to us in a low-growth world where competition is hotting up. In this regard, the arrival of a well-armed new entrant in SAB's most profitable market, Colombia, looks threatening. We stay sellers."Shares in Dairy Crest received a boost from Credit Suisse on Friday as the bank raised its rating for the cheese, spreads and dairy-products group and speculated about a potential takeover offer from a larger food group.Dairy Crest's move to sell its dairies division to Muller results in a far more focused business on cheese and spreads, but could leave the company "vulnerable" to outside interest, the bank said. "There are active consolidators out there in both cheese and spreads (Lactalis and Kerry leap to mind)," it said.

More News

11 Feb 2016 08:07

Dairy Crest sales bounce back but disposal proceeds disappoint

(ShareCast News) - In its first quarterly results since offloading its dairy business on Boxing Day, Dairy Crest said its cheese and spreads brands were riding out the stormy markets and remained in line to hit full year targets. Final net proceeds from the disposal are now expected to be around £30

4 Feb 2016 16:30

Earnings, Trading Statements Calendar - Week Ahead

29 Jan 2016 16:47

Friday broker round-up

(ShareCast News) - Experian: Exane BNP Paribas upgrades to outperform with a 1350p target. Mitchells & Butlers: JP Morgan downgrades to neutral with 370p target, down from 420p Dcc: Exane BNP Paribas promotes to outperform with 6200p target. Lonmin: HSBC upgrades to buy, target 76p; Deutsche reite

21 Jan 2016 16:09

Dividends Calendar - Week Ahead

31 Dec 2015 11:56

Dividends Calendar - Week Ahead

29 Dec 2015 07:25

Dairy Crest Completes Sale Of Dairies Operations To Muller

29 Dec 2015 07:02

London pre-open: Stocks seen a little higher amid holiday-thinned volumes

(ShareCast News) - London stocks are expected to open 14 points higher at 6269, with little due in the way of market-moving news and many traders still away from their desks for the Christmas holiday. There are no major UK data releases scheduled for release, but in US, the goods trade balance is

21 Dec 2015 08:09

Dairy Crest Takes Full Ownership Of Promovita Ingredients Venture

21 Dec 2015 08:00

Dairy Crest takes full ownership of Promovita joint venture

(ShareCast News) - Dairy Crest took full ownership of its galacto-oligosaccharide business on Monday. The FTSE 250 dairy company confirmed it had taken the remaining 50% share in Promovita Ingredients, which was held by Fayrefield Foods, for a cash consideration of £6m. Dairy Crest said it was fund

26 Nov 2015 09:45

BROKER RATINGS SUMMARY: OneSavings Upped To Buy, Aldermore Cut To Hold

19 Nov 2015 09:36

BROKER RATINGS SUMMARY: Merrill Lynch Downgrades Challenger Banks

10 Nov 2015 08:31

Jefferies downgrades Dairy Crest on valuation

(ShareCast News) - Jefferies downgraded Dairy Crest to 'hold' from 'buy' on valuation grounds, following confirmation of the Dairies unit sale and last week's first half results. "DCG is on course to be a more profitable, faster growing, cash-generative business. Against which, the shares are up 45%

5 Nov 2015 10:06

Dairy Crest profit drops on lower cheese sales

(ShareCast News) - Dairy Crest Group has posted a first half drop in profit as it struggles with lower selling prices across the business and reduced product volumes. The FTSE 250 company released its interim results for the six months to 30 September on Thursday. Revenue dipped by 5% on the previo

5 Nov 2015 08:57

Dairy Crest Profit Down As Sale Of Dairy Operations Clears Future Path

29 Oct 2015 16:23

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Broker tips: Aggreko, SABMiller, Dairy Crest

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