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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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7 Jun 2016 16:27

Tuesday broker round-up

(ShareCast News) - Countrywide: Jefferies reiterates buy with a target price of 600p. Coca-Cola Hbc: Credit Suisse keeps at neutral with a 1500p target. Weir Group: Canaccord upgrades to hold with a target price of 1200p. Johnson Matthey: Berenberg Bank keeps at neutral with a target of 2880p. Sa

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23 May 2016 14:14

FTSE 250 movers: Easing Brexit fears lift Redrow and Countrywide

(ShareCast News) - The FTSE 250 was not far off its three-month high on Monday afternoon, up 0.71% at 17,042.61 as a buoyant handful of challenger banks and property-related stocks outweighed those hit by the oil price retreat. The Treasury weighed into the Brexit debate, aiming to convince Britain

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19 May 2016 14:48

Thursday newspaper share tips: HICL and residential property

(ShareCast News) - Shares in boring and mostly UK-focused investment fund HICL Infrastructure Company are worth holding on to, says The Daily Telegraph's Questor column, citing its income-play appeal. HICL raises money from investors and then buys infrastructure assets around the world, such as hosp

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28 Apr 2016 15:00

Dividends Calendar - Week Ahead

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26 Apr 2016 08:16

Countrywide warns Brexit uncertainty will lead to property slowdown in Q2

(ShareCast News) - Listed real-estate agency Countrywide warned that it expected the housing market to slow down in the second quarter on the back of uncertainty over June's EU referendum. In a trading statement, Countrywide said it had begun 2016 with real momentum as it saw acceleration in transac

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26 Apr 2016 06:55

TOP NEWS: Countrywide Starts Well, But Warns Of Slowing Housing Market

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20 Apr 2016 15:17

AGM, EGM Calendar - Week Ahead

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19 Apr 2016 15:05

Earnings, Trading Statements Calendar - Week Ahead

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24 Mar 2016 09:32

BROKER RATINGS SUMMARY: JPMorgan Starts Countryside At Overweight

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22 Mar 2016 11:44

Mortgage Advice Bureau Plans Special Dividend After Stake Sale

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17 Mar 2016 16:17

Dividends Calendar - Week Ahead

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11 Mar 2016 11:53

UPDATE: Harwood Wealth To Join AIM As Watkin Jones Details Float (ALLIPO)

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11 Mar 2016 08:49

Harwood Wealth To Join AIM, Watkin Jones Provides More Detail (ALLIPO)

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3 Mar 2016 10:16

FCA to investigate six life insurers over exit fees

(ShareCast News) - The Financial Conduct Authority has launched an investigation into six insurers following a review of the fair treatment of long-standing life insurance customers in relation to what they disclose about exit fees. The City regulator said on Thursday that Abbey Life, Countrywide, O

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26 Feb 2016 17:07

DIRECTOR DEALINGS SUMMARY: New Countrywide Chairman Buys First Shares

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