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Tuesday broker round-up UPDATE

Tue, 28th Oct 2014 09:18

Afren: Credit Suisse lowers target price from 132p to 115p staying with its outperform rating.African Barrick Gold: Westhouse moves target price from 230p to 240p and keeps an add rating.Anglo American: Investec reduces target price from 1603p to 1588p and keeps a buy recommendation.APR Energy: Liberum Capital upgrades to hold with a target price of 385p. Jefferies reduces target price from 1250p to 670p, while its buy recommendation remains unchanged. JP Morgan reduces target price from 1008p to 801p and leaves its overweight rating unchanged.Aviva: Societe Generale raises target price from 580p to 650p maintaining a buy recommendation.Cairn Energy: Credit Suisse cuts target price from 288p to 266p and retains an outperform rating.Croda International: Goldman Sachs reduces target price from 2750p to 2675p, while leaving its buy recommendation unaltered.Direct Line: UBS cuts target price from 304p to 282p and stays with its buy recommendation.Dunelm: Canaccord initiates with a target price of 925p and a buy recommendation.easyJet: Deutsche Bank reduces target price from 1935p to 1830p keeping a buy recommendation.Elementis: Goldman Sachs cuts target price from 345p to 330p and stays with its neutral rating.EnQuest: Credit Suisse cuts target price from 150p to 122p reiterating an outperform rating.Essentra: Goldman Sachs reduces target price from 970p to 880p and retains a buy recommendation.Faroe Petroleum: Credit Suisse lowers target price from 138p to 133p and reiterates a neutral rating.GKN: Westhouse cuts target price from 450p to 400p and leaves its buy recommendation unchanged.GlaxoSmithKline: Jefferies cuts target price from 1400p to 1350p and reiterates a hold recommendation.HSBC Holdings: Deutsche Bank lowers target price from 640p to 638p and retains its hold recommendation.ICAP: Morgan Stanley ups target price from 386p to 408p staying with its equal-weight rating.LSE: Morgan Stanley raises target price from 2098p to 2210p and keeps an overweight rating.Mothercare: JP Morgan cuts target price from 267p to 238p maintaining an overweight rating.Old Mutual: Barclays downgrades to equal-weight with a target price of 205p. JP Morgan shifts target price from 223p to 225p and reiterates an overweight rating.Petra Diamonds: Panmure Gordon cuts target price from 171p to 155p leaving its sell recommendation unchanged.Premier Foods: Societe Generale cuts target price from 70p to 35p and retains its hold recommendation.Premier Oil: Credit Suisse reduces target price from 392p to 355p and reiterates an outperform rating.Shire: Cenkos increases target price from 5200p to 5347p keeping its buy recommendation.SIG: Numis cuts target price from 230p to 200p maintaining its buy recommendation.Standard Chartered: Numis reduces target price from 1400p to 1200p downgrading from add to hold. Investec reduces target price from 1450p to 1350p and stays with its buy recommendation.Stratex: Northland lowers target price from 9.3p to 7.7p and stays with its buy recommendation.Synthomer: Goldman Sachs lowers target price from 260p to 250p and reiterates its neutral rating. Canaccord cuts target price from 283p to 258p and retains a buy recommendation.Tullett Prebon: Morgan Stanley ups target price from 254p to 270p and retains its equal-weight rating.Tullow Oil: Credit Suisse lowers target price from 800p to 790p and keeps a neutral rating.UBM: Canaccord ups target price from 600p to 620p upgrading from hold to buy.Vedanta Resources: Deutsche Bank reduces target price from 1215p to 1180p maintaining a buy recommendation.Victrex: Goldman Sachs reduces target price from 2110p to 2010p and keeps a buy recommendation.Wetherspoon (JD): Numis ups target price from 900p to 950p leaving its add rating unchanged.
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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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