Broker tips: Burberry, Whitbread, REITs
(Sharecast News) - Luxury fashion brand Burberry took a hit as both Morgan Stanley and Deutsche Bank cut their price targets on the stock.
Read moreThu, 28th May 2020 13:34
(Sharecast News) - Luxury fashion brand Burberry took a hit as both Morgan Stanley and Deutsche Bank cut their price targets on the stock.
Read more(Alliance News) - British Land Co PLC on Tuesday said it achieved leasing across the portfolio over a five-month period 13% ahead of estimated recovery value.
Read more(Sharecast News) - UK real estate investment trusts (REITs) offer a "compelling" investment opportunity, according to analyst at Morgan Stanley, who said that the sector could soon see a recovery as challenging macro conditions slowly begin to ease.
Read more(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:
Read more(Sharecast News) - Real estate giant British Land said it has seen "continued momentum" in the second quarter, with leasing income growth continuing to outpace estimated rental value (ERV).
Read moreBritish Land Co PLC - London-based commercial property developer and investor - Increases retail park estimated rental value growth guidance for financial 2024 to between 3% and 5% from 2% to 4%, since "we continue to lease significantly above ERV". Has leased 511,000 square feet at 15.3% above ERV in the five months to August 30, with 677,000 square foot at 19.4% above ERV under offer. Says strong demand, limited supply, company's scale and focus on operational execution are keeping occupancy at 99% and "giving us strong pricing power." Notes five deals with Frasers Group PLC including two with Sports Direct causing premises at two England retail parks to "double in size" to 21,000 and 24,000 sq ft. Also notes a 23,000 sq ft letting to Primark in Scotland and a 43,000 sq ft letting with B&M in England. Says retail parks are "an attractive and liquid investment in the direct market."
Read more(Sharecast News) - British Land upgraded its guidance for its retail park assets on Tuesday, which it said had gained favour among a broad spectrum of customers, primarily for their affordability, convenience, and adaptability with omnichannel retailing.
Read more(Sharecast News) - Investors are now backing Labour, dealing a blow to the Prime Minister's efforts to rebuild the Tories reputation for sound money. Two thirds of money managers and traders canvassed by Bloomberg said that the best outcome for markets from the next election would be either a Labour government or a coalition led by Labour.Four fifths of those polled said that confidence in British assets had yet to recover from the mini-Budget crisis under Liz Truss. - The Sunday Telegraph
Read more(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:
Read more(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:
Read more(Alliance News) - Stock prices in London faded into the close Monday after a bright start, as enthusiasm waned in the absence of fresh direction from New York.
Read more(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:
Read more(Sharecast News) - JP Morgan has cut its stance on real estate giant British Land from 'overweight' to 'neutral' and cut its target price for the shares from 505p to 410p.
Read more(Alliance News) - Stocks in London are expected to open on a positive note on Monday, amid an improvement in global risk sentiment.
Read more(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:
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