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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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20 Feb 2020 10:46

Kaz Minerals reports on solid year of production

(Sharecast News) - Kaz Minerals reported a 5% improvement in revenue in its final results on Thursday, to $2.27bn (?1.76bn), as higher production and sales offset lower copper prices.

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20 Feb 2020 09:58

KAZ Minerals Earnings Surge In 2019 Amid Accelerated Production

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13 Feb 2020 16:12

UK Earnings, Trading Statements Calendar - Next 7 Days

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5 Feb 2020 13:17

Wednesday broker round-up

(Sharecast News) - Antofagasta: Deutsche Bank upgrades to hold with a target price of 850p.

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5 Feb 2020 12:19

Deutsche Bank upgrades Antofagasta, Kaz after coronavirus correction

(Sharecast News) - Deutsche Bank upgraded its stance on shares of Antofagasta and Kaz Minerals on Wednesday following the recent correction on concerns about the impact of the coronavirus.

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5 Feb 2020 09:35

UK BROKER RATINGS SUMMARY: SocGen Raises easyJet To Hold From Sell

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30 Jan 2020 10:43

UK WINNERS & LOSERS SUMMARY: BT Falls After Third Quarter Disappoints

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30 Jan 2020 09:49

Kaz Minerals Beats Production Guidance As Mines Perform Strongly

Kaz Minerals Beats Production Guidance As Mines Perform Strongly

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30 Jan 2020 08:33

Kaz Minerals Q4 copper production beats forecasts

(Sharecast News) - Kaz Minerals reported a better-than-forecast rise in annual copper production as its Aktogay mine in East Kazakhstan outperformed.

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29 Jan 2020 11:55

Kaz Minerals Secures Increase In Loan Facility To USD1 Billion

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23 Jan 2020 16:10

UK Earnings, Trading Statements Calendar - Next 7 Days

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21 Jan 2020 09:27

UK BROKER RATINGS SUMMARY: UBS Downgrades Pearson And Card Factory

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14 Jan 2020 11:54

Tuesday broker round-up

(Sharecast News) - DFS: Jefferies downgrades to hold with a target price of 275p.

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14 Jan 2020 09:38

UK BROKER RATINGS SUMMARY: Berenberg Downgrades BP And Raises Shell

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9 Jan 2020 13:11

Thursday broker round-up

(Sharecast News) - Computacenter: UBS downgrades to sell with a target price of 1,800p.

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