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FTSE 250 movers: Oil stocks gush ahead while Cranswick loses out

Mon, 05th Dec 2016 15:30

(ShareCast News) - The FTSE 250 index rose 0.13% to 17,457.33 in the late afternoon.Oil prices continued their steady advance following OPEC's decision to cut its production by 1.2m barrels a day, propping up shares in Tullow Oil, Vedanta Resources (VR) and Petrofac on Monday. Goldman Sachs maintained its 'buy' recommendation for VR and kept its price target at 1,300p. Citibank on the other hand maintained its rating for VR at 'Neutral/High Risk' but upped its price target to £9.30 from £6.60.Copper miner Kaz Minerals enjoyed a boost from a 2.90% jump in copper prices. Separately, analysts at Citi rated the miner at 'Buy' with a price target of £4.50. "Following the restructuring in 2014, the group has an entirely new investment proposition for the market with high growth, low cost, long life, cash generating company," they said.The yellow metal on the other hand fell by 1.41% sending shares in gold miner Centamin down.Cranswick was on the back foot as Numis downgraded its stock to 'hold' from 'add' and cut the target price to 2,311p from 2,536p. While the company last week revealed a strong set of first half results, Numis noted the market's increased wariness of consumer-related stocks.Inter-dealer money broker Tullett Prebon was also downgraded by HSBC to 'hold' from buy' but raised the target price to 480p from 460p, sending its shares lower."While still having above-consensus forecasts, we now see relatively limited upside of 8% for the shares despite several earnings upgrades in the past several months and therefore downgrade shares to Hold," said HSBC.G4S gave back some of the gains from last week when it was rated 'neutral' by Goldman Sachs with a price target of 258p. On Friday, it announced that it had agreed to sell its Israeli arm G4S Israel to private equity firm FIMI Opportunity Funds for an estimated net consideration of 425 million new Israeli Sheqel (£88m) in cash.RisersVedanta Resources (VED) 884.00p 4.49%Kaz Minerals (KAZ) 390.90p 4.16%Tullow Oil (TLW) 325.80p 3.56%Computacenter (CCC) 753.00p 3.36%Carillion (CLLN) 253.00p 3.31%Aldermore Group (ALD) 222.70p 3.29%Morgan Advanced Materials (MGAM) 290.10p 3.24%Debenhams (DEB) 58.10p 3.20%Laird (LRD) 142.50p 3.19%Petrofac Ltd. (PFC) 809.50p 2.53%FallersEuromoney Institutional Investor (ERM) 1,100.00p -4.26%G4S (GFS) 233.90p -3.78%Grafton Group Units (GFTU) 513.00p -3.57%Fisher (James) & Sons (FSJ) 1,620.00p -3.51%Centamin (DI) (CEY) 125.70p -3.01%Cranswick (CWK) 2,166.00p -2.91%Kennedy Wilson Europe Real Estate (KWE) 967.00p -2.57%Tullett Prebon (TLPR) 436.20p -2.57%Pennon Group (PNN) 773.50p -2.46%Aberdeen Asset Management (ADN) 265.80p -2.42%
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26 Mar 2021 07:35

Nova lifts bid for Kaz Minerals to £4.1bn

(Sharecast News) - Nova Resources has lifted its offer for Kaz Minerals to 850p a share, valuing the London-listed copper miner at £4.1bn.

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25 Mar 2021 19:28

Consortium set to increase bid for Kaz Minerals -FT

March 25 (Reuters) - The consortium bidding for Kaz Minerals is set to increase its 3.7 billion pounds ($5.08 billion) offer for the London-listed copper miner, the Financial Times reported on Thursday.Nova Resources, which is controlled by Kaz Ch...

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24 Mar 2021 12:08

Kaz Minerals buyout deadline extended again as investors hold out

Kaz Minerals buyout deadline extended again as investors hold out

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18 Mar 2021 11:22

AIM WINNERS & LOSERS: Fevertree Drinks loses fizz on margin guidance

AIM WINNERS & LOSERS: Fevertree Drinks loses fizz on margin guidance

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10 Mar 2021 10:32

Offer for Kaz Minerals by Chair Novachuk has just under 20% acceptance

Offer for Kaz Minerals by Chair Novachuk has just under 20% acceptance

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25 Feb 2021 12:30

KAZ Minerals posts rise in full-year sales on the back of higher commodity prices

(Sharecast News) - KAZ Minerals reported modest full-year topline growth on the back of higher commodity prices, which more than offset lower output and sales volumes.

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25 Feb 2021 10:39

KAZ Minerals Annual Profit Rises On Prices But Guides For Output Drop

KAZ Minerals Annual Profit Rises On Prices But Guides For Output Drop

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25 Feb 2021 09:58

Kazakhstan-focused miner KAZ sees earnings rise despite output dip

Feb 25 (Reuters) - Kazakhstan-focused copper and gold miner KAZ Minerals reported on Thursday stronger annual earnings and lower debt, after rising commodity prices helped offset lower production.The London-listed miner said copper output, which d...

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18 Feb 2021 15:58

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

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8 Feb 2021 09:35

BROKER RATINGS: Flutter Raised To Buy; Fresnillo Lowered To Sell

BROKER RATINGS: Flutter Raised To Buy; Fresnillo Lowered To Sell

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8 Feb 2021 08:40

Nova Posts Offer Document For GBP3.7 Billion Kaz Minerals Acquisition

Nova Posts Offer Document For GBP3.7 Billion Kaz Minerals Acquisition

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4 Feb 2021 12:55

Thursday broker round-up

(Sharecast News) - GSK: Deutsche Bank downgrades to sell with a target price of 1,150p.

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4 Feb 2021 09:24

Kaz Minerals Secures Increased Takeover Offer From Nova Resources

Kaz Minerals Secures Increased Takeover Offer From Nova Resources

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28 Jan 2021 10:41

Kaz Minerals Beats Annual Production Guidance Despite Decline

Kaz Minerals Beats Annual Production Guidance Despite Decline

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21 Jan 2021 16:23

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

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