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Monday broker round-up UPDATE

Mon, 17th Nov 2014 10:32

African Barrick Gold: Investec reduces target price from 262p to 170p and downgrades to sell.Associated British Foods: Liberum initiates with a target price of 3470p and a buy recommendation.Bodycote: Investec lowers target price from 750p to 745p and maintains its buy recommendation.Centamin: Investec cuts target price from 68p to 49p and downgrades to sell.Coca-Cola HBC: Numis reduces target price from 1357p to 1286p and stays with its hold recommendation.Genel Energy: Credit Suisse raises target price from 1210p to 1300p, leaving its outperform rating unchanged.Grafton Group: Berenberg ups target price from 620p to 690p and reiterates a hold recommendation.IMI: Jefferies shifts target price from 1415p to 1420p and keeps a buy recommendation. Credit Suisse cuts target price from 1500p to 1450p and maintains a neutral rating. JP Morgan reduces target price from 1720p to 1522p and stays with its overweight rating.ITE Group: Numis cuts target price from 335p to 318p and maintains a buy recommendation.Legal & General: Credit Suisse moves target price from 250p to 265p and reiterates a neutral rating.LSE: Morgan Stanley ups target price from 2210p to 2280p and maintains an overweight rating.Majestic Wine: Investec cuts target price from 460p to 410p, while upgrading to buy.Meggit: Berenberg lowers target price from 510p to 500p and keeps a hold recommendation.Mitchells & Butlers: Numis upgrades to add with a target price of 420p.Morrison (Wm): Goldman Sachs ups target price from 172p to 207p and upgrades to buy.Premier Farnell: Barclays lowers target price from 216p to 205p and reiterates an equal-weight rating.Randgold Respurces: Investec reduces target price from 4888p to 3757p, downgrading to sell.Reckitt Benckiser: Liberum initiates with a target price of 5860p and a buy recommendation.Record: JP Morgan shifts target price from 38p to 40p and maintains an overweight rating.Restaurant Group: Deutsche Bank cuts target price from 700p to 675p and retains a hold recommendation. JP Morgan lowers target price from 755p to 745p and stays with its overweight rating.Sainsbury: Nomura reduces target price from 270p to 220p, keeping a neutral rating.Salamander Energy: Canaccord cuts target price from 140p to 121p and downgrades to hold.Shire: Berenberg raises target price from 3400p to 4100p and stays with its hold recommendation.Standard Chartered: Canaccord reduces target price from 1000p to 850p and retains a sell recommendation.Stellar Diamonds: Sanlam Securities lowers target price from 2.1p to 1.8p and keeps a buy recommendation.Tate & Lyle: Liberum initiates with a target price of 560p and a sell recommendation.Tesco: Goldman Sachs reduces target price from 250p to 155p and keeps a sell recommendation.Unilever: Liberum initiates with a target price of 2240p and a sell recommendation.Victoria: Cantor Fitzgerald ups target price from 490p to 520p and stays with its buy recommendation.Workspace: Liberum increases target price from 752p to 836p and keeps a buy recommendation.
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ITE Group Says First Half In Line As Russia, Ukraine Drag Down Revenue

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1 Apr 2015 06:27

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

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