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FTSE 250 movers: Supergroup soars on RBC upgrade, Lonmin lower after Exane downgrade

Mon, 27th Apr 2015 13:43

SuperGroup was trading higher as RBC Capital Markets raised its rating on the clothing chain. The broker, which hiked its recommendation to 'outperform' from 'sector perform', also increased its price target to 1,150p on high hopes for the newly appointed management team.Vedanta Resources was boosted as investors anticipate another Chinese stimulus, which could drive construction and therefore demand for metals.Energy stocks such as Soco International and Hunting were bolstered by stronger oil prices, which remained at a four-month high.Shares in Tullow Oil reversed from early gains on weekend reports that the International Tribunal for the Law of the Seas ruled in its favour, allowing the outfit to continue with its exploration activities offshore Ivory Coast.Lonmin was also in the red as analysts at Exane BNP Paribas dramatically cut their price target for the stock from 260p to 133p. Analysts cut their platinum price estimates by 25% in the current year and 23% in the next, reflecting the view that "platinum/rhodium prices are likely to remain no more than a function of marginal production costs in the short/medium term, with recurring risks of a margin squeeze for platinum producers owing to unabated inflationary pressure in South Africa".Zoopla was trading lower on looming election uncertainty, as Labour's 'mansion tax' threatens to affect the property group's premium trade.RisersSupergroup (SGP) 992.00p +5.03%Vedanta Resources (VED) 654.50p +3.64%UBM (UBM) 567.00p +3.47%Ocado Group (OCDO) 353.20p +3.21%IMI (IMI) 1,260.00p +2.94%Balfour Beatty (BBY) 247.20p +2.40%Tate & Lyle (TATE) 619.50p +2.40%Britvic (BVIC) 759.50p +2.01%Ashmore Group (ASHM) 311.20p +1.93%Greggs (GRG) 1,116.00p +1.92%FallersTullow Oil (TLW) 405.90p -2.89%Telecom Plus (TEP) 790.00p -2.65%Polymetal International (POLY) 537.50p -2.54%Serco Group (SRP) 131.60p -2.45%Just Retirement Group (JRG) 171.00p -2.29%Centamin (DI) (CEY) 60.00p -2.20%Imagination Technologies Group (IMG) 205.80p -2.19%Acacia Mining (ACA) 286.40p -2.02%Paragon Group Of Companies (PAG) 428.60p -1.94%Saga (SAGA) 186.40p -1.89%
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30 Apr 2015 18:01

Thursday broker round-up

Schroders: Credit Suisse reiterates outperform and 2,770p target price. Tesco: UBS restarts coverage at buy with 260p target. Pearson: Westhouse Securities reiterates sell and 1,185p target price. RBS: Shore Capital reiterates hold, Numis reiterates add (with 400p target), Investec reiterates hold

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30 Apr 2015 15:10

Earnings, Trading Statements Calendar - Week Ahead

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30 Apr 2015 05:15

Earnings, Trading Statements Calendar - Week Ahead

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29 Apr 2015 14:53

Earnings, Trading Statements Calendar - Week Ahead

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28 Apr 2015 10:44

Supergroup top pick for Berenberg as investor concerns swept aside

Berenberg has chosen Supergroup as its top pick in the retail sector as the SuperDry street fashion label moves from being "a business with significant potential to one which is starting to deliver". With a 'buy' recommendation and a 1,160p price target, a 17% premium to the share price, the German

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27 Apr 2015 16:04

LONDON MARKET CLOSE: Stocks Rise As Greece Fields New Team

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27 Apr 2015 10:18

WINNERS & LOSERS: HSBC Up Again After Report It's Mulling UK Spin-Off

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27 Apr 2015 09:34

LONDON MARKET COMMENT: Stocks Trade Lower; HSBC Leads Gainers

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27 Apr 2015 09:11

BUZZ-SuperGroup: top UK midcap riser as broker gets behind stock

** SuperGroup up c.5 pct, top FTSE 250 riser as RBC Capital Mkts upgrades rating on stock to "outperform" vs "sector perform" ** Broker reckons recent mgmt changes should help co deliver more consistent growth; RBC notes alongside product & range developments, co working on improving its in

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27 Apr 2015 08:33

BROKER RATINGS SUMMARY: RBC Upgrades Sports Direct And Supergroup

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27 Apr 2015 07:28

LONDON MORNING BRIEFING: HSBC And Standard Chartered Shares Rise

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17 Apr 2015 14:54

DIRECTOR DEALINGS: SuperGroup Director Sells 182,813 Shares

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15 Apr 2015 06:59

Wednesday newspaper round-up: Chinese GDP, Google, HSBC

Economic growth in China slowed down to just 7% in the first quarter, representing the lowest pace of expansion in six years, according to the Financial Times. This compared with 7.3% growth in the fourth quarter. Europe is set to file formal charges against Google for violating antitrust laws, The

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13 Apr 2015 08:34

BROKER RATINGS SUMMARY: Citi Downgrades Anglo American And BHP

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