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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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29 Nov 2019 09:51

Countrywide to sell commercial business, announces share consolidation

(Sharecast News) - Countrywide has agreed to sell its commercial business, Lambert Smith Hampton, to John Bengt Moeller for £38m in cash.

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29 Nov 2019 08:56

Countrywide To Sell Lambert Smith Hampton Business For GBP38 Million

Countrywide To Sell Lambert Smith Hampton Business For GBP38 Million

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29 Nov 2019 08:46

LONDON MARKET OPEN: Stocks Lack Spark As Trade War Damps Sentiment

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LONDON MARKET PRE-OPEN: Ocado Signs Deal In Japan; Reach Decline Slows

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16 Oct 2019 16:51

Countrywide Appoints Tesco Bank Director Amanda Rendle To Board

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8 Oct 2019 13:11

Countrywide appoints Bruce Marsh as COO

(Sharecast News) - Countrywide has appointed Bruce Marsh as its new chief operating officer.

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8 Oct 2019 09:15

Countrywide Appoints Tesco Director Marsh As Chief Operating Officer

Countrywide Appoints Tesco Director Marsh As Chief Operating Officer

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10 Sep 2019 09:32

BROKER RATINGS SUMMARY: Morgan Stanley Raises SSE To Overweight

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:----------FTSE 100----------DEUTSCHE BANK RAISES RENTOKIL INITIAL

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31 Jul 2019 11:11

Countrywide Shares Rise On Significantly Narrowed Interim Loss

(Alliance News) - Countrywide PLC said Wednesday it has continued to make financial and operational progress in the first half of 2019, marked by a substantially narrowed loss, despite a weak in a

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24 Jul 2019 16:13

UK Earnings, Trading Statements Calendar - Next 7 Days

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11 Jun 2019 17:54

Countrywide Hires Ex-LSL Property Executive Charles-Jones As Non-Exec

(Alliance News) - Countrywide PLC said Tuesday it hired former LSL Property Services PLC executive Lisa Charles-Jones as non-executive director of the estate agent from late will join Countrywide

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30 Apr 2019 10:42

WINNERS & LOSERS SUMMARY: Standard Chartered Rises On Buyback Plans

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30 Apr 2019 10:03

Countrywide Expects First-Half Earnings Drop, Quarterly Income Down

LONDON (Alliance News) - Property services group Countrywide PLC on Tuesday reiterated its expectations of a drop in earnings, as well as reporting a fall in first quarter income due to continued

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30 Apr 2019 09:43

Countrywide's H1 earnings to take ?5m hit from Brexit uncertainty

(Sharecast News) - Integrated property services group Countrywide warned on Tuesday that first-half adjusted earnings will be down around £5m on the year as markets take a hit from Brexit uncertainty, but adjusted earnings for the year should be in line with the board's expectations.

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23 Apr 2019 16:04

UK Shareholder Meetings Calendar - Next 7 Days

Wednesday 24 AprilCroda International SthreeTribal GroupAIB China 25 Bank of 26

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