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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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21 Oct 2015 09:14

Ithaca Energy Says Delek Group Completes 19% Equity Investment (ALLISS)

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9 Oct 2015 10:30

Israel's Delek buys $66 mln stake in North Sea oil producer Ithaca

LONDON, Oct 9 (Reuters) - The investment arm of Israeli gas firm Delek Group has acquired a near 20 percent stake in North-Sea focused oil producer Ithaca Energy for $66 million, the companies said on Friday. The deal underlines investors still see value in North Sea related businesses, des

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9 Oct 2015 09:47

Ithaca Energy Gets USD66 Million Injection From Israeli Conglomerate (ALLISS)

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5 Oct 2015 09:02

Ithaca Energy Keeps Production Guidance On Higher Third Quarter

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28 Sep 2015 10:27

Ithaca Signs Agreement With Petrofac On Floating Production Facility

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25 Aug 2015 15:13

BUZZ-Cavendish AM digs into E&P, defence cos, Pru in selloff

** UK-focused Cavendish AM fund manager Paul Mumford goes against the crowd & snaps up shares in small E&Ps as well as blue-chip defence cos & insurer Prudential to take advantage of cheaper valuations presented by market meltdown ** Shares in EnQuest, Ithaca & Excite which, with fellow co

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13 Aug 2015 08:18

Ithaca First Half Loss Widens As It Prepares For Lower Oil Prices

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31 Jul 2015 08:21

Parkmead Group Awarded Three Offshore UK Licences Under 28th Round

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29 Jul 2015 13:33

BP, Shell, Centrica, Europa, Hurricane All Awarded Offshore Licences

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16 Jul 2015 08:18

Ithaca Energy Quarterly Production Falls But Hedging Working Wonders

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24 Jun 2015 07:31

LONDON BRIEFING: Broker Notes Move Shares As Market Awaits EU Summit

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24 Jun 2015 05:21

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23 Jun 2015 15:23

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23 Jun 2015 05:12

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22 Jun 2015 15:06

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