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Wednesday broker round-up UPDATE

Wed, 26th Mar 2014 08:51

Aberdeen Asset Management: Citi reduces target price from 455p to 390p and stays with its neutral rating.Acta: Cantor Fitzgerald places both its target price (prev.: 16p) and its buy recommendation under review.Alliance Pharma: Numis shifts target price from 38p to 39p upgrading to add.APR Energy: Investec places its target price (prev.: 1150p) under review, while leaving its hold recommendation unchanged.Ashmore Group: Citi cuts target price from 355p to 300p maintaining a neutral rating.Betfair: Goldman Sachs ups target price from 1260p to 1290p and reiterates a buy recommendation.Carnival: Numis reduces target price from 3000p to 2550p downgrading to hold.Cobham: Barclays upgrades to equal-weight with a target price of 315p.easyJet: Deutsche Bank raises target price from 1560p to 1935p and stays with its buy recommendation. Citi takes target price from 1800p to 1840p and retains its neutral rating.Faroe Petroleum: Credit Suisse shifts target price from 125p to 126p reiterating an underperform rating.First Group: Liberum Capital ups target price from 135p to 160p upgrading to buy.Go-Ahead Group: Liberum Capital increases target price from 2000 to 2120p, while keeping a hold recommendation.iomart: FinnCap lowers target price from 340p to 330p, while staying with its buy recommendation.ITE Group: Westhouse Securities reduces target price from 295p to 215p, while staying with its neutral rating.ITV: UBS cuts target price from 230p to 210p and downgrades from buy to neutral.Jarvis Securities: WH Ireland raises target price from 535p to 550p maintaining a buy recommendation.Jupiter Fund Management: Citi moves target price from 430p to 440p and keeps a buy recommendation.Kingfisher: Jefferies ups target price from 440p to 480p and keeps a buy recommendation. Deutsche Bank raises target price from 415p to 475p and upgrades to buy. Nomura increases target price from 380p to 420p retaining a neutral rating. Citi ups target price from 450p to 490p and maintains a buy recommendation.Ladbrokers: Investec cuts target price from 160p to 130p and stays with its hold recommendation. Nomura lowers target price from 135p to 110p and retains a reduce rating. Goldman Sachs cuts target price from 125p to 112p keeping a sell recommendation.Lamprell: Investec places its target price (prev.: 155p) under review, while keeping its hold recommendation.Man Group: Citi lowers target price from 90p to 85p downgrading to sell.Moss Bross: WH Ireland moves target price from 110p to 120p and reiterates a buy recommendation. Cantor Fotzgerald takes target price from 95p to 115p and keeps a buy recommendation.National Express: Liberum Capital ups target price from 255p to 290p, while staying with its hold recommendation.Petrofac: Credit Suisse raises target price from 1535p to 1600p maintaining an outperform rating.Royal Bank of Scotland: Numis cuts target price from 374p to 300p and downgrades to hold.Royal Mail Group: Investec moves target price from 550p to 560p maintaining a hold recommendation.RSA Insurance: Nomura lowers target price from 96p to 89p and reiterates a neutral rating. Canaccord Genuity lowers target price from 95p to 92p and retains its hold recommendation.SAB Miller: Nomura reduces target price from 2600p to 2500p leaving its reduce rating unaltered.Schroders: Citi raises target price from 2760p to 2880p maintaining a buy recommendation.Stagecoach Group: Liberum Capital ups target price from 350p to 385p, while maintaining a hold recommendation.Standard Chartered: Goldman Sachs cuts target price from 1450p to 1390p and retains a neutral rating.William Hill: Investec reduces target price from 535p to 490p, while its buy recommendation remains unchanged. Nomura cuts target price from 505p to 497p, while staying with its buy recommendation. Goldman Sachs reduces target price from 425p to 385p, while its buy recommendation is kept.Wolseley: Jefferies takes target price from 2720p to 2760p retaining its underperform rating. UBS ups target price from 3470p to 3490p and keeps a neutral rating.
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3 Apr 2020 08:14

UPDATE 1-Go-Ahead chiefs take pay cut as govt throws lifeline to UK bus providers

(Adds FirstGroup, Stagecoach, details on sector, background)April 3 (Reuters) - Management at London bus and train operator Go-Ahead Group on Friday said it was taking a 20% pay cut as it and other bus companies welcomed 167 million pounds ($206.6...

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3 Apr 2020 08:04

FirstGroup and Go-Ahead shares rise on DfT support for bus services

(Sharecast News) - Both FirstGroup and Go-Ahead Group released statements on Friday in favour of a newly-announced financial support for crucial regional bus services in England, from the Department for Transport.

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3 Apr 2020 07:40

LONDON MARKET PRE-OPEN: Bus Firms Welcome Help; Ryanair Numbers Halve

LONDON MARKET PRE-OPEN: Bus Firms Welcome Help; Ryanair Numbers Halve

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30 Mar 2020 10:58

Go-Ahead's Govia Signs Direct Award For Operation Of Southeastern Rail

Go-Ahead's Govia Signs Direct Award For Operation Of Southeastern Rail

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30 Mar 2020 07:56

Go-Ahead directly awarded Southeastern rail franchise

(Sharecast News) - Train operator Go-Ahead Group said it had been directly awarded a contract to run the UK's Southeastern franchise until October 2021.

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23 Mar 2020 12:03

LONDON MARKET MIDDAY: Traders Await US Stimulus Agreement, FTSE Flops

LONDON MARKET MIDDAY: Traders Await US Stimulus Agreement, FTSE Flops

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23 Mar 2020 11:31

UK Rail Franchise Agreements To Be Suspended Due To Coronavirus

UK Rail Franchise Agreements To Be Suspended Due To Coronavirus

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23 Mar 2020 11:27

UK WINNERS & LOSERS SUMMARY: Shell Rises After Protecting Dividend

UK WINNERS & LOSERS SUMMARY: Shell Rises After Protecting Dividend

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23 Mar 2020 10:48

Go-Ahead Postpones Dividend Payment As Covid-19 Hurts Travel Demand

Go-Ahead Postpones Dividend Payment As Covid-19 Hurts Travel Demand

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23 Mar 2020 08:53

Covid-19: UK govt suspends rail franchises to stop firms collapsing

(Sharecast News) - The UK government effectively renationalised the railways on a temporary basis as it suspended all franchise agreements to help train companies avoid collapse due to the coronavirus pandemic.

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23 Mar 2020 07:57

UPDATE 1-Britain brings in emergency measures to prop up rail network

(Adds detail, background)LONDON, March 23 (Reuters) - Britain said on Monday it was taking emergency measures to help its rail network survive a 70% drop in passenger numbers as coronavirus stops many people from travelling.The Department for Tran...

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23 Mar 2020 07:55

Go Ahead suspends divi; says govt to reveal train franchise changes

(Sharecast News) - Rail and bus operator Go-Ahead Group said the UK's Department for Transport would on Monday announce temporary changes to rail franchise agreements across the UK to support the sector during the coronaviruis crisis and added that it would be suspending its dividend.

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23 Mar 2020 07:48

LONDON MARKET PRE-OPEN: Dividend, Share Buybacks And Spending On Hold

LONDON MARKET PRE-OPEN: Dividend, Share Buybacks And Spending On Hold

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23 Mar 2020 07:22

Britain brings in emergency measures to prop up rail network

LONDON, March 23 (Reuters) - Britain said it was taking emergency measures to help its rail network survive a 70% drop in passenger numbers as coronavirus forces people to work from home and not travel.Britain said on Monday it was temporarily sus...

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20 Mar 2020 07:48

Britain's rail network cuts services, Heathrow shrinks

LONDON, March 20 (Reuters) - Britain's rail network will operate half its normal service during the coronavirus crisis, the government and rail industry body said on Friday, and Heathrow Airport's operations will shrink as more of the country goe...

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