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LONDON BROKER RATINGS: UBS downbeat on AJ Bell and Hargreaves Lansdown

Wed, 08th Nov 2023 09:30

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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FTSE 100

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UBS starts Hargreaves Lansdown with 'sell' - price target 650 pence

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Goldman Sachs raises Beazley price target to 820 (790) pence - 'buy'

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Goldman Sachs raises Beazley price target to 820 (790) pence - 'buy'

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UBS raises AB Foods price target to 2,200 (2,050) pence - 'neutral'

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Deutsche Bank raises AB Foods target to 2,290 (2,260) pence - 'hold'

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Berenberg cuts GSK price target to 1,650 (1,730) pence - 'buy'

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Morgan Stanley raises Rolls-Royce to 'overweight' (equal-weight) - price target 275 (166) pence

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FTSE 250

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Barclays starts LXI Reit with 'overweight' - price target 110 pence

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Barclays cuts IWG price target to 126 (135) pence - 'equal weight'

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Berenberg raises Direct Line price target to 170 (161) pence - 'hold'

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UBS starts AJ Bell with 'sell' - price target 240 pence

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Barclays cuts Rathbones price target to 1,560 (1,950) pence - 'underweight'

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Barclays cuts Watches of Switzerland target to 1,035 (1,060) pence - 'overweight'

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Goldman Sachs raises Watches of Switzerland price target to 830 (800) pence - 'buy'

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SMALL CAP

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Berenberg raises Conduit Holdings price target to 620 (610) pence - 'buy'

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Berenberg cuts ITM Power price target to 80 (90) pence - 'hold'

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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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14 Feb 2022 09:41

LXi REIT makes nine acquisitions in UK for GBP87 million

(Alliance News) - LXi REIT PLC on Monday announced the acquisition of nine assets for GBP87 million in total, at a net initial yield of 5.1% and funded by last week's GBP250 million raise.

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14 Feb 2022 07:04

LXi in nine-property deal worth £87m

(Sharecast News) - Real estate trust LXi said it had bought nine properties for £87m, funded by its recent £250m capital raise.

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18 Jan 2022 11:28

LXI Reit to raise £125m to fund pipeline deals

(Sharecast News) - LXI Reit is seeking to raise £125m to fund further investments, the FTSE 250 firm said on Tuesday.

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10 Jan 2022 08:31

LXi REIT lifts dividend target as rent collection remains strong

(Sharecast News) - LXi REIT announced its new dividend target on Monday, saying it was aiming for a fully-covered annual dividend of 6.3p per share for the 12 months starting 1 April.

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16 Dec 2021 07:07

LXI REIT acquires 16-acre long-let asset in Middlesbrough

(Sharecast News) - Commercial property investor LXI REIT has acquired a 16-acre long-let property in Middlesbrough valued at £58.9m from Knight Frank.

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24 Nov 2021 07:45

LXi REIT sees growth across sub-sectors in first half

(Sharecast News) - LXi REIT reported a total net asset value return of 9% for its first half on Wednesday, swinging from a negative return of -0.6% in the first half of last year.

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1 Nov 2021 08:09

LXi REIT agrees £19m forward funding deals

(Sharecast News) - LXi REITsaid it had agreed two long-let forward funding acquisitions worth a total £19.5m in Essex.

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11 Oct 2021 08:05

LXI REIT net asset value rises as portfolio value increases

(Sharecast News) - Real estate investment trust company LXI REIT said on Monday that independent valuer Knight Frank had valued the group's property portfolio at £1.22bn.

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1 Sep 2021 07:42

LXI REIT buys 29 UK nurseries for £34m

(Sharecast News) - Property investor LXi REIT said it had acquired a portfolio of 23 nursery schools in England for £34m.

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20 Aug 2021 07:43

LXi makes three acquisitions, sells Lidl store

(Sharecast News) - Specialist property investor LXi announced a number of accretive acquisitions for a total cost of £80m on Friday, reflecting an accretive 5.25% average net initial yield, compared to a current portfolio value of 4.7%.

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12 Jul 2021 08:11

LXI REIT reaffirms dividend target after collecting 100% of Q3 rent

(Sharecast News) - LXI REIT reaffirmed its dividend target on Monday after it collected 100% of the rent due for the third quarter.

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1 Jul 2021 08:37

LXI REIT raises £104m in placing and PrimaryBid offer

(Sharecast News) - LXi REIT has raised gross proceeds of £100m under its placing, it announced on Thursday morning, and a further £4m gross under its PrimaryBid offer.

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24 Jun 2021 08:52

LXi REIT taps investors for £75m to fund acquisitions

(Sharecast News) - LXi REIT is raising about £75m from investors to pay for acquisitions including nursery and special education schools that are in demand as investments.

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10 Jun 2021 09:03

LXI REIT acquires Reading garden centre, disposes of 'ancillary retail parade'

(Sharecast News) - London-based real estate investment trust LXI REIT said on Thursday that it has exchanged contracts on the forward funding acquisition of a 94,000 square foot garden centre in Reading for a total cost of £19.0m.

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19 May 2021 07:41

Disposals ahead of value drive growth for LXi REIT

(Sharecast News) - LXi REIT reported a 1.1% improvement in EPRA net tangible assets and net asset value per share under IFRS in its annual results on Wednesday, to 125.7p, with growth primarily driven by disposals ahead of book value as well as like-for-like portfolio growth.

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