Bank Of Georgia Group Share News (BGEO)

Vodafone's 7.2bn-euro offer for Spanish telecoms group Ono is a "vital strategic move", according to Jefferies, which said that a stabilisation of the UK group's business in Spain is now possible. "The clear positive from this morning [...] is that VOD is addressing a key strategic weakness proactively, delivering on management's commitment to be credible in fibre convergence in key markets on a five-year view," the broker said. Credit Suisse has lifted its target price for oil major Royal Dutch Shell from 2,350p to 2,450p and reiterated an 'outperform' rating following the company's strategic update announced last week."Following a review of our model, our operating cash flow estimates rise for the period beyond 2016; we previously have been somewhat too conservative on a number of regions/areas in Upstream/Integrated Gas (e.g. Canada, Europe, liquefied natural gas), while we think Oil Products (now adjusted for Australia Downstream) should improve more," the bank said.Berenberg has downgraded its rating for publishing and information services group Reed Elsevier from 'buy' to 'hold', saying that while it has kept a positive stance on the stock upside is limited."Amid warnings from Pearson and WPP, a raging debate around BSkyB, and what looks like the end of upgrades for ITV, Reed Elsevier should retain its appeal for UK investors, although valuation is up with events, we think," the broker said.Credit Suisse has lifted its target price for B&Q owner Kingfisher from 440p to 460p and reiterated its 'outperform' rating, raising hopes for demand amid an improving environment for DIY retail.Trading at 15.6 times forward earnings, the bank said Kingfisher remains "cheap" relative to the UK retail sector despite increasing evidence that the nine-year downturn in UK DIY is ending.The recent sell-off in Bank of Georgia shares due to the Ukraine crisis is a good reason to buy the stock, according to Panmure Gordon."The shares have fallen 12% from the high of 2,500p on concerns over the Ukraine situation, combined with an attempted placing last week which was pulled [...] This is a good buying opportunity," Panmure said.BC