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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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24 Apr 2024 10:36

IN BRIEF: Wincanton takeover by GXO cleared by UK national security

Wincanton PLC - Chippenham, UK-based supply chain logistics specialist - GXO Logistics Inc notes that the UK Secretary of State in the Cabinet Office informed it that the UK Government will not take any further action over its planned GBP753.5 million takeover of Wincanton. The agreed deal had triggered a mandatory notification to the UK Government under the UK National Security & Investment Act 2021. GXO Logistics says the acquisition still remains subject to other remaining conditions.

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LONDON BRIEFING: Astra promises dividend hike; Darktrace ups guidance

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10 Apr 2024 18:58

Wincanton shareholders approve GBP750 million GXO Logistics takeover

(Alliance News) - Wincanton PLC on Wednesday said shareholders voted in favour of the proposed GBP750 million acquisition by by GXO Logistics Inc.

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5 Apr 2024 12:00

LONDON MARKET MIDDAY: Stocks drop on Israel-Iran tensions and Fed talk

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5 Apr 2024 09:47

Wincanton set for GXO takeover as Ceva fails to raise offer price

(Alliance News) - Wincanton PLC on Friday said that the period for an increased takeover offer from Ceva Logistics UK Rose Ltd had passed, leaving the company open for an acquisition by GXO Logistics Inc in a GBP750 million deal.

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3 Apr 2024 12:58

UK shareholder meetings calendar - next 7 days

Thursday 4 April 
Rio Tinto PLCAGM
Scottish American Investment Co PLCAGM
TheWorks.co.uk PLCGM re Main Market delisting and AIM admission
Friday 5 April 
Faron Pharmaceuticals LtdAGM
VPC Specialty Lending Investments PLCGM re capital return via B share scheme
Monday 8 April 
Premier African Minerals LtdAGM
Tuesday 9 April 
Ethernity Networks LtdEGM re board appointments and option grants
Wednesday 10 April 
Valereum PLCAGM
Wincanton PLCGM re takeover by GXO Logistics Inc
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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2 Apr 2024 19:33

EARNINGS AND TRADING: Alba Mineral finds gold targets at Dolgellau

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Keysight outbids rival Viavi to buy UK's Spirent for $1.5 billion

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27 Mar 2024 10:18

GXO gets Guernsey financial approval for acquisition of Wincanton

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6 Mar 2024 16:06

UK shareholder meetings calendar - next 7 days

Thursday 7 March 
Asia Strategic Holdings LtdAGM
CT UK Capital & Income Investment Trust PLCAGM
Henderson Opportunities Trust PLCAGM
XPS Pensions Group PLCGM re directors' remuneration policy 2024
Friday 8 March 
Allergy Therapeutics PLCAGM
All Things Considered Group PLCAGM
Chenavari Toro Income Fund LtdAGM
Neo Energy Metals PLCAGM
Schroder UK Mid Cap Fund PLCAGM
Silverwood Brands PLCGM re proposed share capital reduction
Monday 11 March 
Ground Rents Income Fund PLCAGM
Ramsdens Holdings PLCAGM
River & Mercantile UK Micro Cap Investment Company LtdAGM
Tuesday 12 March 
Impax Asset Management Group PLCAGM
Seed Capital Solutions PLCAGM
Shoe Zone PLCAGM
Wednesday 13 March 
abrdn China Investment Co LtdGM re liquidation
Safestore Holdings PLCAGM
Wincanton PLCGM re takeover by CEVA Logistics
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.

Read more
5 Mar 2024 13:59

CEVA Logistics will not increase takeover offer for Wincanton

(Alliance News) - Wincanton PLC on Tuesday said that CEVA Logistics UK Rose is not increasing its takeover offer, amid rival bids.

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5 Mar 2024 09:34

SMALL-CAP WINNERS & LOSERS: SIG falls as swings to annual loss

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.

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5 Mar 2024 09:20

CEVA Logistics won't increase takeover offer for Wincanton

(Sharecast News) - CEVA Logistics, a unit of French shipping firm CMA CGM, said on Tuesday that it won't be upping its takeover offer for Wincanton any further, after being outdone by Clipper Logistics owner GXO Logistics last week.

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5 Mar 2024 07:45

LONDON BRIEFING: Spirent Communications agrees GBP1 billion takeover

(Alliance News) - Stocks in London are set to open down slightly on Tuesday, ahead of a slew of economic data.

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