Less Ads, More Data, More Tools Register for FREE

Pin to quick picksIAE.L Share News (IAE)

  • There is currently no data for IAE

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Broker tips: Standard Life, Serco, Oil stocks

Fri, 20th Feb 2015 11:54

Panmure Gordon has reiterated its 'buy' recommendation for Standard Life after the insurer beat forecasts with its 2014 results on Friday, saying it expects the shares to rally."These results were ahead of expectations and we anticipate that the strong underlying performance that suggests that there is real momentum within the business should see the shares rally in the short to medium term."The share price of Serco was given a boost on Friday after analysts at Credit Suisse lifted their recommendation for the outsourcing group from 'underperform' to 'neutral'.The bank, which hiked its target price for the shares from 142p to 208p, said that upgrade "reflect[s] strong reported progress in the disposal process for non-core private sector business process outsourcing assets". This should lead to a drop in the assumed dilution from a proposed rights issue.Despite the recent rally in oil prices uncertainties still remain for the sector, according to Westhouse Securities which picked out Faroe Petroleum, Genel Energy and Ithaca Energy as its key recommendations in the face of ongoing volatility.Analyst Jamal Orzabayeva recommended investors build positions now and have a "realistic" investment horizon at least for the next 12-18 months. Investors should also "cherry-pick" stocks that are protected by hedging or those with a low cost base or healthy balance sheet. He also suggested that investors should choose stocks that can deliver upside on the current futures curve and have near-term operational catalysts coming up.
More News
6 Feb 2017 14:20

UPDATE 3-Israel's Delek expands in North Sea with Ithaca Energy deal

* Delek agrees deal to take full control of Ithaca * Ithaca investor Cavendish says offer too low * Latest deal to target North Sea assets * Israel's Delek prepares London listing (Adds shareholder comment) By Tova Cohen and Karolin Schaps TEL AVIV/LONDON, Feb 6 (R

Read more
6 Feb 2017 09:43

Ithaca Energy agrees Delek takeover

(ShareCast News) - AIM-listed Ithaca Energy has entered into a definitive support agreement with Israel's Delek Group on the terms of a cash takeover bid for all the shares of Ithaca it does not already own. The offer, which has been unanimously recommended by Ithaca's board of directors, values the

Read more
25 Nov 2016 10:37

WINNERS & LOSERS SUMMARY: AstraZeneca Up As Liberum Says Undervalued

Read more
23 Aug 2016 09:19

Tuesday broker round-up

(ShareCast News) - Ithaca Energy: Barclays reiterates underweight with a target price of 70p. Mediclinic: JP Morgan maintains neutral with a 1160p target. Premier Oil: Barclays reiterates overweight with a 100p target. South 32: Jefferies reiterates hold with a 110p target. Mondi: Citigroup keeps

Read more
15 Aug 2016 15:28

Ithaca Energy reports better than expected average production at half-year stage

(ShareCast News) - Ithaca Energy reported a sharp increase in cash flows and reduction in net debt at the half-year stage ahead of the start of production at its Stella field, which management forecast would lead to a step-change in production and hence cash flows. On a hedged basis, during the peri

Read more
2 Aug 2016 15:53

Ithaca Energy expands footprint in the Greater Stella Area

(ShareCast News) - Ithaca Energy took another step in its 'hub and spoke' strategy in the Greater Stella Area of the North Sea after signing four agreements to acquire further interests in the Vorlich and Austen discoveries. In parallel, the company had completed the majority of the deep water marin

Read more
22 Jul 2016 07:48

Ithaca Energy Says Stella Production Vessel Has Finally Left Shipyard

Read more
11 Jul 2016 08:37

Ithaca Energy Production In Line But Faces New Delay At Stella Field

Read more
22 Jun 2016 07:28

Ithaca Gets Access To Norpipe System Ahead Of Greater Stella Start Up

Read more
21 Jun 2016 14:46

Barclays names Ophir Energy 'top-pick', upgrades Premier Oil

(ShareCast News) - Analysts at Barclays re-jigged their recommendations on European Exploration and Production companies in order to take into account the recent rise in crude oil prices and improved investor sentiment regarding companies´ ability to execute to plan operationally. In the process

Read more
15 Jun 2016 15:13

UK Shareholder Meetings Calendar - Next 7 Days

Read more
31 May 2016 16:02

DIRECTOR DEALINGS SUMMARY: Ithaca Energy Chair Buys Before Retirement

Read more
31 May 2016 11:15

DIRECTOR DEALINGS: Ithaca Energy Chairman Ups Interest

Read more
27 May 2016 06:56

Ithaca Energy Chairman Jack Lee To Retire At AGM In June

Read more
16 May 2016 09:12

Ithaca Operations Remains Unprofitable As Stella Edges Near Production

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.