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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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WINNERS & LOSERS SUMMARY: Dixons Carphone And SuperGroup Rise

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16 Dec 2015 07:49

Superdry owner reports jump in first-half profit 

LONDON, Dec 16 (Reuters) - SuperGroup, the owner of British fashion brand Superdry, reported a 54 percent rise in first-half profit on Wednesday in what it termed strong trading at its stores and online, and said it was well-placed for Christmas. The company, which tied up with actor Idris

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16 Dec 2015 07:45

New stores help propel SuperGroup's first half

(ShareCast News) - Strong first half trading from SuperGroup saw positive sales growth in its half-year report on Wednesday. The FTSE 250-listed owner of popular faux-Japanese fashion brand Superdry saw revenue rise 22.3% to £254.7m in the 26 weeks to October 24. Underlying profit before tax was up

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16 Dec 2015 07:44

SuperGroup Profit Dips On One-Off Costs But Underlying Trading Strong

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15 Dec 2015 13:59

Broker tips: Glencore, SuperGroup, Meggitt

(ShareCast News) - Glencore got a boost after JPMorgan Cazenove upgraded it to 'overweight' from 'neutral' with an unchanged price target of 160p, as it pitched the stock against rival Anglo American. It pointed out that Glencore and Anglo American provided strategy updates last week. "In our view,

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WINNERS & LOSERS SUMMARY: AVEVA Slides On Schneider Deal Termination

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15 Dec 2015 09:46

BROKER RATINGS SUMMARY: Berenberg Upgrades Meggitt To Buy From Hold

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15 Dec 2015 09:18

SuperGroup tumbles as Liberum recommends taking profits

(ShareCast News) - SuperGroup traded sharply lower after Liberum downgraded the stock to 'hold' from 'buy', noting that the shares are up 85% since it upgraded them last December. "With the stock now trading on 24x 2016 earnings, a 50% premium to its long-term average, we downgrade to hold and advis

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