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LONDON BROKER RATINGS: UBS raises GSK and cuts AstraZeneca
(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:
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Barclays Information
Share Price Information for Barclays (BARC)
Share Price is delayed by 15 minutes
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Share Price:
214.90
Bid:
214.40
Ask:
214.50
Change:
1.80 (0.84%)
Spread:
0.10 (0.047%)
Open:
213.30
High:
215.55
Low:
213.25
Prev. Close:
213.10
Last checked at -
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Don't have an account? Click here to register.Broker tips: Barclays, Man Group, Avocet Mining
Tue, 03rd Jul 2012 10:54
Investec has reiterated its 'buy' recommendation and 240p target price for UK banking group Barclays, but said it is disappointed with the news that Chief Executive Officer Bob Diamond has resigned."We are disappointed by Bob's resignation this morning. That said, it is undeniable that the unrelenting political/media campaign had centred on Bob personally, and this was leading to a persistent misrepresentation of Barclays' position in relation to the multi-bank LIBOR investigations, and a clear distraction from the execution of Barclays' strategic repositioning," said analyst Ian Gordon.The broker says that, given Diamond's departure, it expects the pressure on Barclays to ease slightly due to the increased recognition that the LIBOR investigation is a multi-bank issue "rather than Barclays-specific". "We expect Barclays's sharp share price underperformance to reverse as the market takes a more dispassionate look at the facts."Credit Suisse has downgraded its rating for hedge fund manager Man Group from 'outperform' to 'neutral' and slashed its target price from 130p to just 88p, saying that the market environment remains 'tough'."We believe Man Group's diverse product suite and strong distribution platform offer medium-term opportunities. However in the near term, we believe market conditions are not conducive for significant asset growth and weakness in AHL pushes out further the timing for material performance fees and new fund launches," the broker said.Nomura has slashed its target price for FTSE 250 west Africa-focused gold miner Avocet Mining by nearly a half following the recent production downgrade and news of delayed project expansion."After a positive commissioning phase in which nearly all production and cost targets were met, the Inata mine is now going through significant teething problems." As such, the broker has reduced its full-year production estimates by 15% to 131k ounces of gold and increased its cash cost estimates by 25% to $1,081 per ounce.Nomura said: "Due to the collapse in margins and the increasing impact of hedged ounces, our earnings per share (EPS) forecasts fall by 64% to 6.6 cents." Next year's EPS forecast is cut by 16% to 15.7 cents. As such, the target price comes down to 120p, form 220p previously. A 'neutral' rating is kept.BC
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16 Jan 2024 08:21
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*Read more10 Jan 2024 13:00
Global activist investors pressed companies to sell or spin in 2023 as M&A dropped off
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Read more5 Jan 2024 09:50
IN BRIEF: Prudential to buy back 4 million shares to offset awards
Prudential PLC - London-based, Asia-focused life and health insurer and asset manager - Contracts Barclays Capital Securities Ltd, part of Barclays PLC, to conduct a share buyback programme that will repurchase about 3.9 million shares at a maximum cost of GBP38 million. At the current market price, 3.9 million Prudential shares are worth GBP32.3 million. The buybacks are intended to offset the dilution that will be caused by the vesting of awards under Prudential's employee and agent share schemes.
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Barclays extends lease on Canary Wharf headquarters until 2039
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Read more20 Dec 2023 09:25
LONDON BROKER RATINGS: UBS cuts DS Smith; Kepler likes Genus
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:
Read more20 Dec 2023 08:48
LONDON MARKET OPEN: Stocks feeling festive on UK, US rate cut hopes
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UK banks face 'step change' rule to reimburse defrauded customers
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Read more19 Dec 2023 15:11
UK banks face 'step change' rule to reimburse defrauded customers
LONDON, Dec 19 (Reuters) - Britain's banks must reimburse defrauded customers to a maximum of 415,000 pounds ($529,000) from October next year to help combat scams, the Payment Systems Regulator (PSR) said on Tuesday.
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