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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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3 Sep 2018 12:13

Investec Ups Countrywide Holding Stake To 12.50% From 5.75% (ALLISS)

LONDON (Alliance News) - Countrywide PLC said Monday that Investec Asset Management Ltd upped its stake in the company to 12.50%.Prior to the deal, Investec held a 5.75% interest in the at

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30 Aug 2018 16:27

Hosking Partners Builds 5.5% Interest In Countrywide (ALLISS)

LONDON (Alliance News) - Countrywide PLC said Thursday Hosking Partners LLP now holds a 5.5% stake in the estate agent.Hosking Partners' holding in Countrywide prior to the transaction

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30 Aug 2018 10:35

Countrywide Admits 1.40 Billion Shares After Placing And Open Offer (ALLISS)

LONDON (Alliance News) - Countrywide PLC said Thursday it issued a total of 1.40 billion shares after a placing and open offer.Earlier this month, the estate agent announced a placing to of

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28 Aug 2018 14:10

Countrywide shareholders approve £140m cash call

(Sharecast News) - Countrywide shareholders approved a £140m emergency fundraising at the estate agency owner's annual general meeting on Tuesday.

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21 Aug 2018 16:02

UK Shareholder Meetings Calendar - Next 7 Days

Wednesday 22 AugustCollagen SolutionsJames LathamParagon 23 AugustFulham 24

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21 Aug 2018 08:25

Countrywide Receives Acceptances For 72% Of Open Offer Shares (ALLISS)

LONDON (Alliance News) - Countrywide PLC said Tuesday it received acceptances for 72% of shares under an open offer launched at the beginning of August.Earlier this month, the estate agent

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20 Aug 2018 08:57

Countrywide Withdraws Proposal To Change Remuneration Policy (ALLISS)

LONDON (Alliance News) - Estate agent Countrywide PLC said on Monday it has withdrawn its proposals to adopt a new remuneration policy.This followed a meeting with Countrywide's major a

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8 Aug 2018 12:36

Wednesday broker round-up

(Sharecast News) - Spire Healthcare Group: Berenberg downgrades to sell with a target price of 120p.

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8 Aug 2018 10:56

Credit Suisse slashes Countrywide target after heavily discounted placing

(Sharecast News) - Analysts at Credit Suisse upgraded Countrywide to 'neutral' on Wednesday, but slashed its target price on the London-listed firm from 77p all the way down to 17.2p.

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5 Aug 2018 14:44

Sunday share tips: Countrywide, Hollywood Bowl, BP

(Sharecast News) - A round-up of share tips from the Sunday newspapers, including Countrywide in the Sunday Times, Hollywood Bowl in the Sunday Telegraph and BP in the Mail on Sunday.

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2 Aug 2018 16:10

UPDATE: Countrywide Continues To Sink Upon Completion Of Fundraising (ALLISS)

LONDON (Alliance News) - Countrywide PLC on Thursday it completed a GBP140 million fundraising to support its reorganisation plans after swinging to loss in the first half of 2018.The agent

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2 Aug 2018 11:42

Countrywide Sinks As It Swings To Loss And Announces Fundraising (ALLISS)

LONDON (Alliance News) - Countrywide PLC on Thursday announced a restructuring plan and GBP140 million fundraising after it swung to loss in the first half of 2018 driven by the opening pipeline a

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2 Aug 2018 08:47

Countrywide seeks £140m to shore up finances

(Sharecast News) - Countrywide announced plans to raise £140m from investors to strengthen its finances after the estate agent lost more than £200m in the first half.

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24 Jul 2018 12:44

Countrywide delays cash call and interims, says H1 earnings 'slightly' better than guidance

(Sharecast News) - Estate agent Countrywide said on Tuesday that its adjusted earnings for the six months to 30 June were a little better than it had previously guided and that it was pushing back the cash call it announced last month and the issue of its interim results.

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24 Jul 2018 10:27

WINNERS & LOSERS SUMMARY: Investors Toast Fevertree 40% Dividend Hike

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Tuesday.----------FTSE 100 - WINNERS----------Royal up HSBC

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