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Thursday broker round-up UPDATE

Thu, 06th Nov 2014 10:01

Amec: UBS cuts target price from 1185p to 1150p, while its buy recommendation remains unchanged.Afren: Liberum Capital cuts target price from 121p to 95p and stays with its hold recommendation.Antofagasta: Canaccord cuts target price from 790p to 760p and reiterates a hold recommendation.Associated British Foods: Berenberg ups target price from 2850p to 2900p and leaves its hold recommendation unchanged.Bank of Georgia: Numis ups target price from 2708p to 2745p, while downgrading from buy to add.Beazley: Numis downgrades from buy to add with a target price of 305p.BG Group: Liberum Capital reduces target price from 1347p to 1203p and leaves its hold recommendation unchanged.Big Yellow Group: Berenberg starts with a target price of 550p and a hold recommendation.BP: Liberum Capital cuts target price from 485p to 455p and reiterates a hold recommendation.Cairn Energy: Liberum Capital cuts target price from 223p to 201p and retains a hold recommendation.Circle Oil: Liberum Capital lowers target price from 45p to 42p and keeps a buy recommendation.Croma Security Solutions: WH Ireland shifts target price from 50p to 55p, leaving its buy recommendation unchanged.Domino's Pizza: Berenberg initiates with a target price of 770p and a buy recommendation.EnQuest: Liberum Capital cuts target price from 148p to 115p and reiterates a buy recommendation.esure Group: Deutsche Bank cuts target price from 303p to 275p and keeps a buy recommendation. Numis lowers target price to 255p, leaving its add rating unchanged. Berenberg cuts target price from 281p to 261p and reiterates a buy recommendation.Faroe Petroleum: Liberum Capital lowers target price from 169p to 150p and stays with its buy recommendation.Fidessa: FinnCap reduces target price to 2100p and reiterates a hold recommendation.Genel Energy: Liberum Capital reduces target price from 1000p to 864p and keeps a hold recommendation.Hangar8: Cantor Fitzgerald places its target price (prev.: 310p) under review, keeping its buy recommendation.Hargreaves Lansdown: Jefferies reduces target price from 1250p to 1140p, but upgrades to buy.Howdens Joinery: Canaccord raises target price from 410p to 500p and stays with its buy recommendation.Hunting: Deutsche Bank reduces target price from 1000p to 900p and reiterates a buy recommendation. UBS reduces target price from 900p to 735p and stays with its neutral rating.Imperial Tabacco: Jefferies increases target price from 2750p to 2875p, leaving its hold recommendation unchanged.Ithaca Energy: Liberum Capital cuts target price from 178p to 152p and stays with its buy recommendation.Kingfisher: Citi cuts target price from 340p to 310p and reiterates a neutral rating. Credit Suisse cuts target price from 410p to 370p and keeps an outperform rating.Lancashire: Citi reduces target price from 852p to 701p, maintaining its buy recommendation.Lookers: Berenberg initiates with a target price of 175p and a buy recommendation.Marks & Spencer: Citi ups target price from 400p to 450p, leaving its neutral rating unaltered. Deutsche Bank ups target price from 470p to 510p and upgrades to buy. UBS ups target price from 465p to 500p and upgrades from neutral to buy.Meggitt: Citi ups target price from 470p to 485p and retains a neutral rating. JP Morgan ups target price from 435p to 460p, but stays with its underweight rating. Deutsche Bank shifts target price from 455p to 460p and reiterates a hold recommendation.Menzies (John): Numis reduces target price from 761p to 450p, staying with its add rating.Morrison: Cantor Fitzgerald restarts with a target price of 185p and a buy recommendation.Ophir Energy: Liberum Capital cuts target price from 222p to 171p and keeps a hold recommendation.Pendragon: Berenberg starts with a target price of 40p and a buy recommendation.Petroceltic: Liberum Capital lowers target price from 190p to 180p and reiterates a hold recommendation.Premier Foods: Investec cuts target price from 67p to 45p and keeps a hold recommendation.Premier Oil: Liberum Capital reduces target price from 380p to 297p and stays with its hold recommendation.Promethean World: Investec lowers target price from 38p to 30p and retains a hold recommendation.Providence Resources: Liberum Capital reduces target price from 811p to 648p and maintains a buy recommendation.Punch Taverns: Numis upgrades from hold to add with a target price of 175p.Restaurant Group: Berenberg initiates with a target price of 800p and a buy recommendation.Rockhopper: Liberum Capital cuts target price from 272p to 236p, while keeping its buy recommendation.Rolls Royce: Westhouse reduces target price from 1400p to 800p, retaining its neutral rating.Royal Dutch Shell: Liberum Capital cuts target price from 2290p to 2240p and keeps a hold recommendation.Safestore: Berenberg starts with a target price of 260p and a buy recommendation.Spire Healthcare: Investec ups target price from 285p to 307p, maintaining a buy recommendation.Stock Spirits: JP Morgan reduces target price from 335p to 270p and keeps an overweight rating. Jefferies reduces target price from 330p to 260p and retains a buy recommendation. Berenberg reduces target price from 340p to 270p and maintains a buy recommendation.Sweett Group: Westhouse cuts target price from 80p to 50p and maintains a buy recommendation.Tullett Prebon: Citi cuts target price from 340p to 300p and keeps a neutral rating.Tullow Oil: Liberum Capital reduces target price from 1125p to 888p and retains a buy recommendation.Wetherspoon (JD): Deutsche Bank cuts target price from 765p to 700p, reiterating a hold recommendation.Whitbread: Deutsche Bank ups target price from 4567p to 4590p and stays with its hold recommendation.Wincanton: JP Morgan ups target price from 170p to 201p and reiterates an overweight rating.Xcite Energy: Liberum Capital cuts target price from 263p to 199p, maintaining its buy recommendation.888 Holdings: Morgan Stanley ups target price from 185p to 210p and retains an overweight rating.
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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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