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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.
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3 May 2016 08:33

Ithaca Energy Completes Reserves-Based Lending Facilities Review

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30 Mar 2016 08:41

BROKER RATINGS SUMMARY: Jefferies Adjusts Ratings On Retailers

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29 Mar 2016 16:51

Tuesday broker round-up

(ShareCast News) - Synthomer: Berenberg downgrades to hold with a target price of 345p. Next: Goldman Sachs downgrades to neutral, 6400p target, Canaccord downgrades to hold with a target price of 6025p, Deutsche Bank reiterates buy with a target of 6850p and Credit Suisse stays at underperform, 560

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23 Mar 2016 08:32

Ithaca Energy Loss Stays Broadly Flat Despite Large Revenue Drop

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16 Mar 2016 14:38

2nd UPDATE: UK Govt To Scrap Oil Tax And Support Small Nuclear Plants

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2 Feb 2016 12:33

Liberum cuts targets on wide swathe of oil sector firms

(ShareCast News) - Analysts at Liberum cut their share price targets for a wide swathe of the London-listed oil sector after taking into account the sharp shift lower in futures prices over the last four months. Worries about demand conditions in China and Europe, together with the threat of growing

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2 Feb 2016 09:36

BROKER RATINGS SUMMARY: Citigroup And Liberum Upgrade Shell To Buy

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12 Jan 2016 08:44

Ithaca Energy Hit By Delay With Stella Production Now In 3rd Quarter

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5 Jan 2016 15:56

Ithaca appoints new chief commercial officer

(ShareCast News) - Ithaca Energy announced the appointment of a new Chief Commercial Officer on Tuesday, in long-serving staff member Richard Smith. The AIM-listed North Sea oil and gas operator confirmed Dr Smith's appointment was effective from January 1. "Dr Smith has held the position of corpor

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17 Dec 2015 14:32

2nd UPDATE: UK Begins Fracking Push As New Onshore Licences Awarded

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17 Dec 2015 14:08

UPDATE: UK Begins Fracking Push As New Onshore Licences Are Awarded

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17 Dec 2015 13:39

UK Government Begins Fracking Push As It Awards New Onshore Licences

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26 Nov 2015 11:08

DIRECTOR DEALINGS: Ithaca Energy Chairman Buys Shares In Toronto

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16 Nov 2015 10:26

Ithaca Energy Achieves Rise In Average Production In Year So Far

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2 Nov 2015 09:45

Ithaca Energy Completes Reserves-Based Lending Redetermination

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