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Monday broker round-up UPDATE

Mon, 31st Mar 2014 10:41

African Minerals: Credit Suisse cuts target price from 280p to 200p maintaining a neutral rating.Anglo American: Credit Suisse reduces target price from 1900p to 1800p and retains an outperform rating.ARM Holdings: Barclays takes target price from 1125p to 1200p and reiterates an overweight recommendation.ASOS: Barclays increases target price from 6000p to 8000p, while its overweight rating remains unchanged.Berendsen: UBS raises target price from 950p to 1100p keeping a neutral rating.Cello Group: N+1 Singer lowers target price from 123p to 122p and retains a buy recommendation.Clinigen Group: Numis takes target price from 620p to 650p upgrading to buy.Daily Mail & General Trust: Westhouse Securities upgrades from neutral to add with a target price of 960p.Darty: N+1 Singer ups target price to 140p and upgrades to buy.easyJet: Numis raises target price from 1900p to 2100p upgrading to buy.Ferrexpo: Barclays shifts target price from 170p to 175p and keeps a neutral rating.Filtronic: Panmure Gordon reduces target price from 84p to 54p downgrading from buy to hold.Glencore Xstrata: Credit Suisse cuts target price from 400p to 380p and retains an outperform rating.Grainger: Jefferies ups target price from 239p to 260p and maintains a buy recommendation.ITE Group: Westhouse Securities cuts target price from 215p to 206p and maintains a neutral rating.Johnson Matthey: UBS raises target price from 3215p to 3275p and reiterates a neutral rating.London Mining: Credit Suisse cuts target price from 170p to 140p leaving its outperform rating unaltered.Majestic Wine: N+1 Singer cuts target price to 470p, while keeping its buy recommendation.Morrison (Wm): Societe Generale cuts target price from 200p to 170p and stays with its sell recommendation.Petards: Northland Capital reinitiates with a target price of 18p and a buy recommendation.Phoenix Group: canaccord Genuity cuts target price from 865p to 800p, while leaving its buy recommendation unchanged.Reckitt Benckiser: Deutsche Bank raises target price from 5100p to 6000p and retains its buy recommendation.Regenersis: Panmure Gordon places both its target price and its buy recommendation under review.Sage Group: Numis raises target price from 383p to 420p, while keeping its hold recommendation.Sainsbury: Societe Generale cuts target price from 370p to 330p reiterating its hold recommendation.Shanks Group: Investec downgrades from buy to add with a target price of 120p.Sportech: Panmure Gordon ups target price from 153p to 184p maintaining a buy recommendation.Travis Perkins: UBS moves target price from 2090p to 2100p and keeps a buy recommendation.Vedanta Resources: Credit Suisse cuts target price from 1270p to 1150p, while staying with its outperform rating.YouGov: Numis ups target price from 109p to 142p maintaining a buy recommendation.Zambeef: Panmure Gordon places both its target price (prev.: 28p) and its sell recommendation under review.
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16 Mar 2010 14:49

London afternoon: G4S locked out of market rally

The Footsie stopped just short of dipping into negative territory over the lunchtime session before buyers moved back in just before 2pm. Banks and miners continue to provide many of the bright spots, with the latter benefitting from higher metal prices. In banking, Royal Bank of Scotland is want

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16 Mar 2010 12:03

London midday: Early gains trimmed

The FTSE 100 was clinging on to positive territory at the start of the lunchtime session after share prices went into a late morning swoon. Banks and miners continue to provide most of the bright spots, with the latter benefitting from higher metal prices. In banking, Royal Bank of Scotland is wa

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16 Mar 2010 09:05

Cello profit shrinks, ups divi

Shares in marketing services group Cello surged 9% as it said 2009 profit fell as clients cut spending but trading since the start of 2010 has been good. Headline pre-tax profit fell to £5.1m for the year to 31 December 2009 from £7.3m the year before. Revenue from continuing operations dropped 8%

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19 Jan 2010 08:44

Cello says activity picking up, remains cautious

Cello, a marketing services group, said it is seeing refreshed levels of spend across its major research clients but remains cautious about the current outlook. Shares in the group rose nearly 2%. "Whilst the board remains realistically cautious about the current outlook and it is too early to give

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15 Sep 2009 13:52

Small caps round-up: China Shoto, Resources in Insurance, Cello...

Continued growth in the Chinese economy despite the global downturn helped China Shoto, which makes batteries for mobile phones, post a 41% rise in revenues in the half year to June 30. Pre-tax profits climbed to £6.4m from £4.4m over the same period the previous year as revenue rose to £96.5m from

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3 Jul 2009 07:50

Cello cuts costs to offset slowdown

A slowdown at its qualitative research business has prompted Cello to caution like for like gross profits are down by around 10% year on year, with operating margins also squeezed. The market research group has cut costs to offset the downturn. Like for like professional costs have been reduced by

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