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ShareCast News - Broker Recommendations
Broker tips: RBS, Imperial, Direct Line
Shares in Royal Bank of Scotland (RBS) were under heavy selling pressure on Friday as the bank's first-quarter results are likely to prompt earnings downgrades to consensus estimates, according to Nomura which kept its 'reduce' rating and 300p target price for the stock.[3 May '13]
Broker snap: Direct Line a 'buy' but market becoming challenging, says Investec
Investec has kept its 'buy' rating and 237p target price for insurance group Direct Line despite the company's first-quarter update disappointing the market on Friday.[3 May '13]
Broker snap: Panmure upbeat about Imperial as UK drops plain packaging plans
Imperial Tobacco has been labelled as a 'buy' by Panmure Gordon after reports said that the UK government is to abandon its plan to introduce plain packaging for tobacco products.[3 May '13]
Broker snap: Earnings downgrades in order at RBS, says Nomura
Shares in Royal Bank of Scotland (RBS) were under heavy selling pressure on Friday as the bank's first-quarter results are likely to prompt earnings downgrades to consensus estimates, according to Nomura which kept its 'reduce' rating and 300p target price for the stock.[3 May '13]
Broker tips: Lloyds, Legal & General, Sainsbury
Investec has downgraded its recommendation for Lloyds Banking Group from 'hold' to 'sell' and left its target price at 50p following the bank's first-quarter results this week.[2 May '13]
Broker snap: Legal & General undervalued, says Panmure Gordon
Financial services group Legal & General is currently undervalued on all valuation metrics, according to Panmure Gordon which kept its 'buy' rating for the stock following a strong first-quarter result.[2 May '13]
Broker snap: UBS hikes forecasts for Sainsbury ahead of results
Another solid increase in profits is expected from Sainsbury when it reports its full-year report on May 8th, according to UBS which lifted its estimates for the supermarket giant on Thursday.[2 May '13]
Broker snap: Investec downgrades Lloyds to 'sell'
Investec has downgraded its recommendation for Lloyds Banking Group from 'hold' to 'sell' and left its target price at 50p following the bank's first-quarter results this week.[2 May '13]
Broker tips: Antofagasta, Reed Elsevier, Cineworld
FIrst-quarter production results from copper miner Antofagasta were well-received by the market on Wednesday but Investec has kept its 'reduce' rating for the stock given a weaker commodity price environment.[1 May '13]
Broker snap: Canaccord upbeat about Cineworld despite OFT referral
Canaccord Genuity has kept its 'buy' rating and 360p target price for cinema chain Cineworld saying that the Office of Fair Trading's (OFT) referral of the Picturehouse takeover to the Competition Commission will not affect the business.[1 May '13]
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