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FTSE 250 movers: Paragon Group jumps, AMEC sinks

Fri, 25th Nov 2016 20:13

(ShareCast News) - Paragon Group led to the upside on the back of a positive endorsement from broker Jefferies.Analyst Phil Dobbin said: "Paragon is evolving from a securitized non-bank lender to a more diversified retail funded banking group. We believe that the company has the ability to gain market share in complex underwriting and can benefit from re-gearing its balance sheet. Increased activity since the year-end and increasing clarity of guidance pushes our forecasts up, particularly from 2018 onwards."Jefferies raised its target price from 400p to 490p, while reiterating its recommendation to 'buy'.UBS also weighed in with its own upwards target price revision, from 350p to 425p.UDG Healthcare was alsho higher a day after the company posted its preliminary full-year results, which prompted analysts at N+1 Singer to reiterate their 'buy' on the shares, telling clients that "further deals should be more accretive, and this is the crux of the investment case. We stay at Buy."The broker also noted the company´s still positive outlook.Countrywide shares were close behind, bouncing back following a steep share price drop over the previous three sessions.Shares in AMEC Foster Wheeler were near the bottom of the leaderboard after analysts at UBS slashed their target on the stock from 640p to 440p, telling clients they believed there was "no clear investment case" until the company unveils its strategy in March 2017.For the investment case "to work" AMEC should be positioned as a turnaround story, analyst Amy Wong said.The fact that only 50% to 55% of its revenues were accounted for by Oil&Gas end market exposure meant the outfit was less geared to Oil&Gas upstream investment, she added. FTSE 250 - RisersUDG Healthcare Public Limited Company (UDG) 648.50p 5.53%Paragon Group Of Companies (PAG) 363.40p 5.17%Countrywide (CWD) 178.00p 5.01%Allied Minds (ALM) 369.40p 4.42%Laird (LRD) 151.00p 3.64%Ocado Group (OCDO) 274.80p 3.30%Ibstock (IBST) 185.10p 3.01%RPC Group (RPC) 1,016.00p 2.99%IP Group (IPO) 149.20p 2.93%Safestore Holdings (SAFE) 355.50p 2.48%FTSE 250 - FallersGrafton Group Units (GFTU) 556.00p -2.97%Amec Foster Wheeler (AMFW) 409.70p -2.73%Petra Diamonds Ltd.(DI) (PDL) 157.90p -2.71%Hunting (HTG) 520.50p -2.62%Petrofac Ltd. (PFC) 782.00p -2.31%Mitchells & Butlers (MAB) 240.60p -2.23%Tullow Oil (TLW) 272.70p -2.01%Evraz (EVR) 255.00p -1.92%Aggreko (AGK) 793.50p -1.67%Serco Group (SRP) 135.60p -1.60%
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1 Oct 2015 13:43

FTSE 250 movers: Tullow Oil rockets, but BBA Aviation crashes on broker downgrade

(ShareCast News) - London's FTSE 250 index was up 0.7% to 16,791.70 at 1525 BST on Thursday, as the broader market bounced back from recent losses and got a boost from better-than-expected UK manufacturing data. Shares in oil exploration and production company Tullow Oil rocketed after it said its l

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1 Oct 2015 08:44

BROKER RATINGS SUMMARY: UBS Raises Diageo To Buy From Neutral

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1 Oct 2015 07:18

LONDON BRIEFING: Miners Keep Market Rally Going

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25 Sep 2015 07:45

London pre-open: Stocks to start higher after Fed's Yellen

(ShareCast News) - Stocks will start the day higher after Fed chair Janet Yellen indicated overnight the US central bank was keeping all options on the table as regards a first hike in interest rates this year. "Most of my colleagues and I anticipate that it will likely be appropriate to raise the t

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25 Sep 2015 07:20

Franklin appointed to Amec Foster Wheeler board

(ShareCast News) - Cuadrilla chairman Roy Franklin has been appointed to the board of Amec Foster Wheeler, the consultancy, engineering and project management company said on Friday. Franklin is also currently chairman of Keller Group and deputy chairman of Statoil ASA and is a non-executive directo

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15 Sep 2015 16:22

FTSE 250 movers: Oil services stocks gush, Stagecoach hit by living wage warning

(ShareCast News) - After hitting a six-day low in early trade, the FTSE 250 index closed the session in positive territory on the back of mining and oil & gas sector gains. Vicissitudinous platinum miner Lonmin topped the mid-cap index for the second day as platinum, which is closely linked to the c

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14 Sep 2015 08:36

BROKER RATINGS SUMMARY: Jefferies Ups BHP Billiton, Cuts Antofagasta

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4 Sep 2015 08:44

BROKER RATINGS SUMMARY: Exane BNP Cuts Next, Raises Kingfisher

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3 Sep 2015 13:37

Amec Foster Wheeler Chief Heads Up New North Sea Efficiency Task Force

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30 Aug 2015 11:38

Amec Foster Wheeler gearing up for return to Iran

(ShareCast News) - Executives at Amec Foster Wheeler, the biggest oil and gas engineer in Britain, have held talks with the foreign secretary Philip Hammond about returning to Iran. The discussions come after the nuclear agreement reached with the Iranian government earlier this year. The deal is a

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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 10:17

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

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27 Aug 2015 10:08

UPDATE: Amec Foster Wheeler Reports Lower Interim Pretax Profit

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27 Aug 2015 07:36

Amec Foster Wheeler interim profit drops amid challenging market conditions

(ShareCast News) - Oil and gas services company Amec Foster Wheeler reported a 12% fall in first-half pre-tax profit amid challenging market conditions, as it said it continues to expect a reduction in trading margins. Interim pre-tax profit fell to £73m from £83m in the same period last year, altho

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27 Aug 2015 07:12

LONDON BRIEFING: CRH Leads Strong Open Following US And Asian Markets

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