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Wednesday broker round-up UPDATE

Wed, 24th Apr 2013 08:25

Archipelago Resources: Canaccord Genuity lowers target price from 75p to 68p keeping a buy recommendation.ARM Holdings: Morgan Stanley ups target price from 911p to 925p maintaining an equal-weight rating. Deutsche Bank takes target price from 445p to 460p, but still recommends selling. Citigroup raises target price from 1070p to 1120p and stays with its buy recommendation.Associated British Foods: Deutsche Bank revises target price from 1500p to 1750p staying with its hold recommendation. Societe Generale downgrades from hold to sell with a target price of 1900p. Canaccord Genuity increases target price from 1450p to 1630p, but still recommends selling.AVEVA Group: Sanlam Securities raises target price from 1980p to 2200p and keeps a hold recommendation.Bodycote: Investec lowers target price from 635p to 600p keeping its buy recommendation.British Sky Broadcasting: Investec downgrades from buy to hold with a target price of 870p.Brown (N) Group: Panmure Gordon ups revises target price from 400p to 460p maintaining a hold recommendation.Capital & Counties Properties: Morgan Stanley increases target price from 290p to 340p and retains an overweight rating.Carpetright: Deutsche Bank moves target price from 465p to 510p, while leaving its sell recommendation unaltered.Computacenter: Investec reduces target price from 565p to 480p, while its buy recommendation remains unchanged. Credit Suisse cuts target price from 580p to 517p reiterating an outperform rating.DS Smith: Investec moves target price from 300p to 310p retaining a buy recommendation.Eurasian Natural Resources: JP Morgan shifts target price from 295p to 300p and reiterates a neutral rating.Evraz: Morgan Stanley reduces target price from 355p to 185p and downgrades to equal-weight.Experian: Cantor Fitzgerald ups target price from 1100p to 1250p reiterating an add rating.Fenner: Investec cuts target price from 455p to 380p, while upgrading from hold to buy. Canaccord Genuity lowers target price from 471p to 462p and retains a buy recommendation.First Group: HSBC Holdings shifts target price from 180p to 185p retaining an underweight rating.Glencore: Jefferies cuts target price from 450p to 400p and reiterates its buy recommendation.Highland Gold Mining: Westhouse Securities lowers target price from 160p to 135p, but keeps its buy recommendation. Fox Davies cuts target price from 173p to 157p maintaining a buy rating.International Consolidated Airlines Group: Liberum Capital upgrades to hold. Credit Suisse raises target price from 295p to 328p keeping an outperform rating.Ladbrokers: Citigroup reduces target price from 240p to 190p, while its neutral rating remains unchanged. JP Morgan cuts target price from 240p to 195p retaining a neutral rating.Man Group: Credit Suisse ups target price from 104p to 115p and stays with its neutral rating.Moneysupermarket.com: Jefferies raises target price from 150p to 248p upgrading to buy.Ophir Energy: Canaccord Genuity reduces target price from 525p to 425p and downgrades from buy to hold.Petroceltic International: Liberum Capital shifts target price from 11p to 11.40p keeping a buy recommendation.Petropavlovsk: Westhouse Securities cuts target price from 365p to 250p and maintains a buy recommendation. Canaccord Genuity reduces target price from 600p to 510p leaving its buy recommendation unchanged.Polyus Gold International: JP Morgan lowers target price from 270p to 250p and reiterates an overweight rating.Reckitt Benckiser: HSBC Holdings raises target price from 4700p to 4900p, while leaving its neutral rating unchanged. HB Markets upgrades to hold.Redrow: Panmure Gordon shifts target price from 175p to 180p and keeps a hold recommendation.Spectris: Jefferies reduces target price from 2675p to 2265p keeping a buy recommendation.Spirent Communications: Morgan Stanley moves target price from 155p to 120, while its equal-weight rating remains unchanged.Steppe Cement: Westhouse Securities shifts target price from 40p to 42p and leaves its buy recommendation unaltered.Thorntons: Panmure Gordon raises target price from 50p to 100p staying with its buy recommendation. Investec ups target price from 80p to 100p and leaves its buy recommendation unaltered.UBM: Investec places its target price (prev.: 745p) under review and reiterates a hold recommendation.Vedanta Resources: Societe Generale ups target prie from 949p to 967p, but still recommends selling.
More News
26 Jan 2011 08:47

Highland Gold predicts output hike

Highland Gold Mining matched production guidance in 2010 and thinks it will increase output by up to 10% this year. The company's three Russian mines - Mnogovershinnoye, Novoshirokinskoye and newly commissioned Belaya Gora - produced 200,028 ounces of gold and gold equivalents during the 12 months,

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9 Nov 2010 12:45

Round-up: Highland Gold, Oxford Biomedica, Safestore...

Highland Gold has started mining at its Belaya Gora open pit. Select oxide ores will be hauled to and processed as planned at the Mnogovershinnoye. This marks the initial production at Highland Gold's third producing mine. Oxford BioMedica has received approval from the US Food and Drug Administrat

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21 Sep 2010 07:42

Highland Gold H1 profit falls, production on track

Russian gold producer Highland Gold said half year net profit fell but gold and gold equivalents production is still on track to reach 200,000 to 210,000 ounces this year. Net profit from continuing operations fell to $23.3m in the half year ended 30 June 2010 from $39.6m the year before. Reve

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2 Aug 2010 07:36

Highland Gold Mining Activities At Unkurtash, Kassan Progressing Well

LONDON (Dow Jones)--Highland Gold Mining Limited (HGM.LN), a gold exploration company announced Monday that exploration programs at its two properties, Unkurtash and Kassan, in Kyrgyzstan are progressing well and according to plan. MAIN FACTS: -The drilling program target of 17,000 meters in

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19 Jul 2010 07:48

Highland Gold Mining Buys Exploration Rights Near Belaya Gora Deposit

LONDON (Dow Jones)--Highland Gold Mining Ltd (HGM.LN) said Monday it has acquired a license for exploration and mining rights for an area of 33 square kilometer, or km sq, surrounding the company's Belaya Gora deposit in the Khabarovsk region. MAIN FACTS: -The acquisition was made in an open

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19 Jul 2010 07:00

Highland Gold Mining Acquisition Of Exploration And Production Rights

TIDMHGM RNS Number : 5069P Highland Gold Mining Limited 19 July 2010 ? HIGHLAND GOLD ACQUIRES EXPLORATION AND PRODUCTION RIGHTS FOR FLANKS OF ITS BELAYA GORA DEPOSIT 19 July 2010 - Highland Gold Mining Limited ("Highland Gold", or the "Company") is pleased to announce that the Company has acquired

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22 Feb 2010 14:32

Highland Gold buys Blagodatnoye prospect

Russian gold miner Highland Gold has bought a license for exploration and mining rights for the Blagodatnoye prospect in the Khabarovsk region. The company, part-owned by Russian billionaire Roman Abramovich, paid 3.25m roubles ($107,794) for Blagodatnoye which has a reported prognostic resource o

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3 Feb 2010 13:22

Small caps round-up: Quadnetics, Angel, Dawson, ...

Video surveillance technology company Quadnetics is settling down after a turbulent period marked by restructuring, and is expecting a strong second half after falling into the red at the interim stage. Loss before tax in the six months to 30 November 2009 was £0.19m, versus a profit the year befor

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3 Nov 2009 09:06

Highland Gold regains lustre

The share price of Highland Gold has been flagging of late but it recovered its momentum on Tuesday after the Russian gold miner announced positive exploration results from its Mnogovershinnoye (MNV) and Lyubov properties. The company said further exploration at Valunistoye, just north of its MNV f

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22 Sep 2009 16:39

London close: Shares end up but down from highs

London's leading shares finished with slight gains but were well below earlier highs as miners eased back slightly. Eurasian Natural Resources, Lonmin, Xstrata and Vedanta Resources still posted healthy gains, while precious metals miners Fresnillo and Randgold Resources were also on the climb. R

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22 Sep 2009 14:07

London afternoon: Shares off the top

Shares drifted lower over the lunchtime session but are still up on the day, helped in no small part by the strength of miners, which are rising in line with firmer metals prices. Rio Tinto is wanted after it sold off another chunk of Alcan. The heavily indebted miner sold Alcan Composites, part of

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22 Sep 2009 12:10

London midday: Rio's assets sale continues

Miners continue to lead the market higher as investors return to the market after yesterday's pause for breath. Rio Tinto is wanted after it sold off another chunk of Alcan. The heavily indebted miner sold Alcan Composites, part of the Alcan Engineered Products division, to Swiss firm Schweiter Tec

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22 Sep 2009 09:29

Sector movers: Miners resume rally

Mining stocks are going well as metals prices resume their rally after a pause yesterday. Among the risers is the FTSE 100 giant Rio Tinto, which said today that it is to continue its selling spree by selling Alcan Composites, part of its Alcan Engineered Products division. Selling news also boo

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22 Sep 2009 07:59

Profit soars at Highland Gold

Russian gold miner Highland Gold said profit soared 70% for the half year ended 30 June 2009. Profit for the period rose to US$38.1m from $22.4m the year before. Turnover increased to $78.8m from $76.5m. Mnogovershinnoye produced 78,421 oz of gold, up 14% from the first half of 2008 and Novoshiro

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6 Aug 2009 11:46

Small caps round-up: IndigoVision, Minorplanet, Highland Gold...

IP security systems provider IndigoVision said improving operating margins for the year will help operating profits for the year to finish "materially ahead" of market expectations. The group said it experienced strong sales, particularly in the final month. As a result, it estimates turnover for t

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