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Friday broker round-up UPDATE

Fri, 28th Mar 2014 12:35

888 Holdings: Deutsche Bank lowers target price from 166p to 160p retaining its hold recommendation.Aberdeen Asset Management: JP Morgan cuts target price from 529p to 509p and stays with its overweight rating.Advanced Medical Solutions: Investec shifts target price from 121p to 129p, while downgrading from buy to add.Amlin: Citi shifts target price from 448p to 452p and retains a neutral rating.Aviva: RBC Capital lowers target price from 500p to 495p and maintains its neutral rating.Avon Rubber: Investec ups target price from 660p to 680p and upgrades to buy.Balfour Beatty: Jefferies initiates with a target price of 406p and a buy recommendation.Beacon Hill Resources: Canaccord Genuity lowers target price from 1.5p to 1.5p and downgrades to a speculative buy recommendation.British American Tabacco: Goldman Sachs ups target price from 3408p to 3470p maintaining a neutral rating.Carillion: Jefferies starts with a target price of 518p and a buy recommendation.Catlin Group: Citi cuts target price from 635p to 605p staying with buy recommendation.Chesnara: Panmure Gordon ups target price from 322p to 355p and retains a buy recommendation. canaccord Genuity takes target price from 300p to 320p staying with its hold recommendation.Coca-Cola HBC: Goldman Sachs cuts target price from 1690p to 1618p reiterating its neutral rating.Costain Group: Jefferies initiates with a target price of 289p and a hold recommendation.Devro: Societe Generale cuts target price from 250p to 220p and leaves its sell recommendation unchanged.Diageo: Goldman Sachs cuts target price from 1875p to 1855p leaving its neutral rating unaltered.Elementis: JP Morgan raises target price from 284p to 320p reiterating an overweight rating.Galliford Try: Jefferies increases target price from 1303p to 1441p and stays with its hold recommendation.Hiscox: Citi shifts target price from 673p to 679p and reiterates a neutral rating.HSBC Holdings: Barclays cuts target price from 780p to 700p maintaining its overweight rating.Imperial Tabacco: Goldman Sachs reduces target price from 2810p to 2780p leaving its strong buy recommendation unaltered.Interserve: Jefferies initiates with a target price of 813p and a buy recommendation.ISG: Jefferies starts with a target price of 381p and a buy recommendation.ITE Group: Investec reduces target price from 340p to 260p, while leaving its buy recommendation unchanged. Numis cuts target price from 380p to 330p, while keeping its buy recommendation.Judges Scientific: WH Ireland raises target price from 2150p to 2370p and reiterates a neutral rating.Kier Group: Jefferies initiates with a target price of 2093p and a buy recommendation.Kromek Group: Panmure Gordon cuts target price from 92p to 50p and stays with its hold recommendation.Lancashire Holdings: Citi shifts target price from 850p to 852p and keeps a buy recommendation.London Stock Exchange: Numis raises target price from 1690p to 1881p, while retaining a hold recommendation.Micro Focus: Panmure Gordon ups target price from 851p to 878p maintaining its buy recommendation.Motivcom: Numis reduces target price to 197p, while reiterating its buy recommendation.Optimal Payments: Canaccord Genuity raises target price from 460p to 575p and keeps a buy recommendation.Paragon Group: Berenberg takes target price from 395p to 450p and keeps its buy recommendation.PZ Cussons: Goldman Sachs cuts target price from 450p to 430p retaining a buy recommendation.Reckitt Benckiser: Nomura increases target price from 5000p to 5200p and maintains a buy recommendation.Resolution: RBC Capital lowers target price from 400p to 390p, while leaving its outperform rating unchanged.RPC Group: JP Morgan raises target price from 605p to 675p and keeps its overweight rating.Royal Mail: RBC Capital ups target price from 625p to 650p upgrading to outperform.Smith & Nephew: Investec raises target price from 832p to 1100p and upgrades from add to buy.Sports Direct International: Jefferies initiates with a target price of 1000p and a buy recommendation.Standard Life: RBC Capital lowers target price from 450p to 440p and reiterates an outperform rating.Synthomer: JP Morgan takes target price from 244p to 260p and retains a neutral rating.Tate & Lyle: Societe Generale lowers target price from 750p to 740p, while its buy recommendation remains unchanged.Unilever: Goldman Sachs cuts target price from 2800p to 2775p staying with its buy recommendation.Victrex: JP Morgan increases target price from 1550p to 1704p maintaining a neutral rating.
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ITE Group warns on H1 revenue due to weak trading in Ukraine, Russia

April 1 (Reuters) - ITE Group Plc, a trade exhibition and conference organiser, said it expected its first-half revenue to be about 21 percent lower than a year earlier due to weaker trading conditions in Ukraine and Russia. The company, which has been hurt by tensions between Russia and Uk

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6 Mar 2015 14:33

ITE Group acquires portfolio of events in Africa

Exhibitions group ITE has acquired a major stake of a portfolio of events for £16m, funded by a placing of new shares. ITE now holds 50.1% of the portfolio, which includes the Africa Oil Week event, while GPP Energy Advisors holds the remaining stake. The group said put and call options were in pla

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6 Mar 2015 13:33

UPDATE 2-ITE Group dials in to Africa events market

* Deal to add 4 mln stg to 2016 pretax profit - CEO * Says ITE to look at small deals in Africa, India and China * Shares up 5.4 pct (Adds CEO comments, updates share movement) By Noor Zainab Hussain March 6 (Reuters) - Trade exhibition organiser ITE Group Plc bought a

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6 Mar 2015 07:52

ITE Group moves into Africa; buys stake in Africa Oil Week conference

March 6 (Reuters) - ITE Group Plc, a trade exhibition and conference organiser, said it had acquired a majority stake in a portfolio of events from GPP Energy Advisors Ltd for 16 million pounds ($24 million). The deal will be funded in part via an institutional placing to raise 12 million p

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6 Mar 2015 07:37

ITE To Buy Stake In Events Portfolio, Part Funded By Share Placing (ALLISS)

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