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Thursday broker round-up UPDATE

Thu, 16th Oct 2014 08:57

Afren: Investec cuts target price from 195p to 120p and reiterates its hold recommendation.Amerisur Resources: Investec lowers target price from 75p to 65p and maintains a buy recommendation.Antofagasta: UBS upgrades from sell to neutral with a target price of 710p.ARM Holdings: Credit Suisse reduces target price from 1100p to 1000p reiterating an outperform rating.ASOS: Goldman Sachs reduces target price from 4300p to 3000p and keeps a buy recommendation.AVEVA: Jefferies upgrades from hold to buy with a target price of 1760p.Bank of Georgia: Numis upgrades from hold to buy with a target price of 2708p.Bellway: UBS ups target price from 1870p to 1910p keeping a buy recommendation.Bunzl: Investec upgrades from add to buy with a target price of 1685p.bwin.party: PeelHunt places its target price (prev.: 110p) under review, while keeping a hold recommendation.Cairn Energy: Investec ups target price from 245p to 260p and reiterates a buy recommendation.Circle Oil: Investec lowers target price from 70p to 60p maintaining a buy recommendation.Consort Medical: PeelHunt reduces target price from 1187p to 916p staying with its buy recommendation.Diageo: Numis reduces target price from 1900p to 1800p retaining its hold recommendation.e2v technologies: Investec lowers target price from 225p to 220p, while staying with its buy recommendation.Faroe Petroleum: Investec cuts target price from 145p to 115p retaining a hold recommendation.GAME Digital: Canaccord Genuity shifts target price from 300p to 308p and leaves its buy recommendation unchanged. Liberum Capital raises target price from 265p to 350p and keeps a buy recommendation.Genel Energy: Investec reduces target price from 1060p to 900p, while its hold recommendation is kept.GKN: Exane cuts target price from 360p to 340p, while upgrading to outperform.Henderson Group: JP Morgan cuts target price from 245p to 222p leaving its neutral rating unchanged.IMI: Exane reduces target price from 1200p to 1100p and reiterates an underperform rating.Ithaca Energy: Investec cuts target price from 175p to 140p staying with its buy recommendation.Lekoil: Investec initiates with a target price of 90p and a buy recommendation.Mears Group: Investec upgrades from add to buy with a target price of 520p.Ophir Energy: Investec cuts target price from 250p to 215p leaving its hold recommendation unchanged.Polymetal: RBC Capital ups target price from 600p to 625p retaining an outperform rating.Premier Oil: Investec initiates with a target price of 350p and a buy recommendation.Restaurant Group: Numis upgrades from add to buy.Rolls-Royce: Berenberg reduces target price from 1216p to 1160p retaining a buy recommendation.Rotork: Exane reduces target price from 2575p to 2300p and maintains an underperform rating.SABMiller: JP Morgan raises target price from 3470p to 3600p and maintains an overweight rating.Shire: Panmure Gordon reduces target price from 5300p to 4200p, while upgrading to buy.Smiths Group: Exane reduces target price from 1255p to 1160p leaving its neutral rating unchanged.SOCO International: Investec initiates with a target price of 350p and a hold recommendation.Spectris: Exane reduces target price from 2070p to 1740p and stays with its neutral rating.Spirax-Sarco Engineering: Exane reduces target price from 2600p to 2450p and stays with its underperform rating.Trinity Exploration: Investec reduces target price from 215p to 145p staying with its buy recommendation.Tullow Oil: Investec reduces target price from 800p to 545p and reiterates a hold recommendation.Vesuvius: Exane reduces target price from 510p to 440p retaining a neutral rating.Weir Group: Exane reduces target price from 2950p to 2400p keeping an outperform rating.Wentworth Resources: Investec moves target price from 65p to 75p keeping a buy recommendation.Whitbread: Numis upgrades from hold to add with a target price of 4500p.
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Longboat Energy upbeat on drilling at OMV licence

(Sharecast News) - Emerging explorer and producer Longboat Energy announced the encounter of hydrocarbons in the OMV-operated exploration well 30/5-4S on Friday, where it has a 20% interest.

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4 Feb 2019 10:47

DNO Begins Compulsory Purchases As Faroe Petroleum Stake Passes 90% (ALLISS)

LONDON (Alliance News) - Norway's DNO ASA is to move to acquire the rest of Faroe Petroleum PLC's shares, with its control now standing at 96% after purchases on Friday.DNO said it

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28 Jan 2019 17:36

Faroe Petroleum Directors Resign After Takeover, New Chair Joins

LONDON (Alliance News) - Faroe Petroleum PLC on Monday said that Bjorn Dale and Orjan Gjerde have been appointed as chair and non-executive director of the company respectively, with immediate and

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17 Jan 2019 15:31

Faroe Awarded Eight New Exploration Licences In Norwegian North Sea

LONDON (Alliance News) - Faroe Petroleum PLC on Thursday said it has been awarded eight new prospective exploration licences in the Norwegian North Sea.These licences include the Edinburgh

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16 Jan 2019 10:45

Faroe Petroleum Enters Partnership With Shell Unit Ahead Of Delisting (ALLISS)

LONDON (Alliance News) - Faroe Petroleum PLC on Wednesday said it inked a partnership with subsidiaries of Royal Dutch Shell PLC and Spirit Energy Ltd for the development of the large, Edinburgh a

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11 Jan 2019 16:08

UPDATE: Faroe Petroleum Directors To Resign Following DNO Buy (ALLISS)

LONDON (Alliance News) - Norway's DNO ASA said Friday it has acquired a further 3.7% of Faroe Petroleum PLC at 160 pence per share.Taking into account the 13.7 million shares purchased

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11 Jan 2019 14:08

Faroe Petroleum To Revise Brasse Gross Volumes After Appraisal Work

LONDON (Alliance News) - Takeover target Faroe Petroleum PLC on Friday said it would be revising the range of recoverable hydrocarbons at the Brasse field.Faroe has been drilling a well at

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11 Jan 2019 08:43

DNO Passes 75% De-Listing Threshold With Latest Faroe Petroleum Buy (ALLISS)

LONDON (Alliance News) - Norway's DNO ASA said Friday it has acquired a further 3.7% of Faroe Petroleum PLC at 160 pence per share.Taking into account the 13.7 million shares purchased

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11 Jan 2019 07:44

LONDON MARKET PRE-OPEN: Flybe Agrees To Takeover By Stobart And Virgin

LONDON (Alliance News) - Stock prices in London are called higher Friday, with markets optimistic despite a lack of any concrete progress from trade talks between the US and China.In company news,

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10 Jan 2019 09:43

Faroe Petroleum De-Listing Looms After Further DNO Purchase (ALLISS)

LONDON (Alliance News) - DNO ASA on Thursday said it has bought a further 20% of Faroe Petroleum, meaning it is approaching the threshold for de-listing the stock from AIM.On Wednesday, the

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9 Jan 2019 15:44

UPDATE: Faroe Investor Sells Stake On "Unacceptable" DNO Offer (ALLISS)

LONDON (Alliance News) - Faroe Petroleum PLC investor Cavendish Asset Management Ltd said Wednesday DNO ASA's offer for the UK oil producer is "unacceptable" and has sold its stake a

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9 Jan 2019 10:57

UPDATE: Faroe Petroleum Board Accepts Latest DNO Offer Despite Concern

LONDON (Alliance News) - Faroe Petroleum PLC on Wednesday told shareholders to accept DNO ASA's latest offer, given it is set to become unconditional, despite not believing it represents a DNO

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9 Jan 2019 09:33

Acceptances For DNO's Faroe Petroleum Hostile Takeover Offer Pass 50% (ALLISS)

LONDON (Alliance News) - Norway's DNO ASA on Wednesday said it has bought a further 8.7% of Faroe Petroleum PLC, its GBP640 million takeover offer now has more than 50% acceptances.The

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9 Jan 2019 08:20

DNO ups offer for Faroe Petroleum to 160p per share

(Sharecast News) - Norwegian oil producer DNO has acquired a further 32.25m shares in AIM-listed producer Faroe Petroleum after it upped its cash offer for the group to 160p per share after the close on Tuesday.

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