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Deutsche Bank ups Aldermore target price, sees further upside

Tue, 20th Dec 2016 09:06

(ShareCast News) - Deutsche Bank upped its price target on challenger bank Aldermore to 257p from 194p as it reiterated its 'buy' rating on the stock.It noted the shares are up 38% since the beginning of September amid an improved perception of the UK economy and following a better-than-expected third quarter."We think there is still upside from here, driven in particular by falling funding costs," Deutsche said."On today's advertised deposit rates, we estimate a flow cost of deposits of around 1%, compared with 1.8% at 1H16. We expect the majority of this benefit to flow through over the next two years, helping offset asset pricing pressure and providing Aldermore with a stronger buffer against falling margins than other UK peers."The bank said key downside risks include deterioration in the UK economy or market sentiment, slower loan growth, asset price compression, higher loan losses/UK recession, a material fall in house prices and higher capital requirements.At 0915 GMT, the shares were up 3.7% to 236.70p.
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8 Sep 2015 14:31

FTSE 250 movers: Amlin surges on Sumitomo deal, Home Retail drops on downgrade

(ShareCast News) - London's mid-cap index was up 1.2% to 17,037.67 on Tuesday, tracking broader gains in the market as investors took comfort from a better-than-expected report on Chinese exports. Shares in Amlin surged after Japan's Mitsui Sumitomo Insurance Company said it has agreed to buy the UK

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7 Sep 2015 13:30

Bank surcharge forecasts "vastly understate" pain on sector, says EY

(ShareCast News) - The banking sector will have to pay out vastly more than expected from George Osborne's new profits surcharge, which was introduced to reduce the pain of the Bank Levy on lenders such as HSBC. When the Chancellor unveiled the new 8% surcharge on bank profits and plans to lower the

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1 Sep 2015 08:44

BROKER RATINGS SUMMARY: Merrill Resumes Insurers With Underperform

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28 Aug 2015 08:35

BROKER RATINGS SUMMARY: Credit Suisse Cuts Next And Raises IHG

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27 Aug 2015 16:03

LONDON MARKET CLOSE: Stocks Rally But Not Everyone Convinced

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27 Aug 2015 15:57

FTSE 250 movers: Hunting, Petrofac, Aldermore, OneSavings Bank

(ShareCast News) - The oil patch was on fire on Thursday as crude futures jumped on both sides of the Atlantic in the wake a much stronger than expected reading on the rate of growth in US gross domestic product. As of 16:30 front month Brent crude futures were up by 6,14% on the ICE at $45.96 per b

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27 Aug 2015 11:20

REPEAT: LONDON MARKET MIDDAY: US Stocks Seen Higher Amid Market "Euphoria"

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27 Aug 2015 10:17

TOP NEWS SUMMARY: CRH Buys US's CR Lawrence For USD1.3 Billion

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27 Aug 2015 09:35

WINNERS & LOSERS SUMMARY: CRH Rises On Robust Results, US Acquisition

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27 Aug 2015 07:55

Aldermore chief excited by growth opportunities, interims please

(ShareCast News) - Aldermore Group saw profits almost double in the first six months of the year on the back of strong growth in loans to small and medium-sized enterprises and at its residential mortgage arm. Underlying profits before tax more than doubled in comparison to the year ago period, jump

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27 Aug 2015 07:31

LONDON MARKET OPEN: Stocks Rally With CRH Leading FTSE 100 Gainers

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27 Aug 2015 06:55

Aldermore On Track As Lending Boosts Profit In Half

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27 Aug 2015 05:15

Earnings, Trading Statements Calendar - Week Ahead

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26 Aug 2015 15:19

Earnings, Trading Statements Calendar - Week Ahead

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26 Aug 2015 05:17

Earnings, Trading Statements Calendar - Week Ahead

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