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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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5 Jul 2016 07:43

Amec Foster Wheeler starts work on new US project

(ShareCast News) - Amec Foster Wheeler has started work on an engineering, procurement and construction contract for Louisville Gas and Electric Company (LG&E) and Kentucky Utilities Company (KU) for a treatment project in Trimble County, Kentucky. The FTSE 250 oil and gas services company, for whic

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5 Jul 2016 06:37

Amec Foster Wheeler Starts Work On Generating Station Project In US

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29 Jun 2016 09:49

WINNERS & LOSERS SUMMARY: Investors Hammer Brammer For Profit Warning

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29 Jun 2016 07:26

Amec wins £75m UK MoD submarine contract

(ShareCast News) - Amec Foster Wheeler said it has won a £75m UK Ministry of Defence contract to supply independent nuclear propulsion safety and technical advice for the Royal Navy's submarine flotilla. The contract, awarded after a competitive tender, will run over five years. The work will be del

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29 Jun 2016 07:00

Amec Foster Wheeler Wins UK Nuclear Propulsion Safety Deal

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27 Jun 2016 15:25

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26 May 2016 14:30

FTSE 250 movers: Ibstock retreats as Pets at Home accelerates

(ShareCast News) - The FTSE 250 slipped further into the red late as Thursday wore on, despite having peeped its head above water around midday. Leading the index lower, shares in Ibstock subsided as the brick maker reported a slow start to the year for its UK clay business had lasted four months b

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