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BROKER RATINGS SUMMARY: Burberry And Micro Focus Suffer Rating Cuts

Wed, 17th Jul 2019 09:31

(Alliance News) - The following London-listed shares received analyst recommendations late Tuesday and on Wednesday morning:----------FTSE 100----------JEFFERIES CUTS BURBERRY GROUP TO 'UNDERPERFORM' ('HOLD') - TARGET 2000 (1800) P----------RBC RAISES BURBERRY GROUP PRICE TARGET TO 1975 (1800) PENCE - 'UNDERPERFORM'----------DEUTSCHE BANK RAISES BURBERRY GROUP PRICE TARGET TO 1970 (1800) PENCE - 'HOLD'----------CREDIT SUISSE RAISES BURBERRY PRICE TARGET TO 2350 (1950) PENCE - 'NEUTRAL'----------MORGAN STANLEY REINITIATES CRH WITH 'OVERWEIGHT' - PRICE TARGET 36 EUR----------JEFFERIES RAISES CRH PRICE TARGET TO EUR33.40 (EUR32) - 'BUY'----------GOLDMAN CUTS MICRO FOCUS TO 'SELL' ('NEUTRAL') - TARGET 1400 (2200) PENCE----------JPMORGAN RAISES AUTO TRADER GROUP PRICE TARGET TO 414 (386) PENCE - UNDERWEIGHT----------JPMORGAN CUTS RIO TINTO PRICE TARGET TO 5580 (5670) PENCE - 'OVERWEIGHT'----------HSBC CUTS RIO TINTO PRICE TARGET TO 5050 (5200) PENCE - 'HOLD'----------JEFFERIES CUTS PERSIMMON PRICE TARGET TO 2196 (2409) PENCE - 'HOLD'----------JPMORGAN RAISES RSA INSURANCE PRICE TARGET TO 630 (610) PENCE - 'NEUTRAL'----------JPMORGAN RAISES EXPERIAN PRICE TARGET TO 2600 (2400) PENCE - 'OVERWEIGHT'----------JPMORGAN RAISES PEARSON PRICE TARGET TO 1105 (1090) PENCE - 'OVERWEIGHT'----------JPMORGAN RAISES RIGHTMOVE PRICE TARGET TO 420 (402) PENCE - 'UNDERWEIGHT'----------FTSE 250----------CREDIT SUISSE RAISES MAN GROUP PRICE TARGET TO 188 (180) PENCE - 'OUTPERFORM'----------BERENBERG INITIATES HOCHSCHILD MINING WITH 'SELL' - TARGET 165 PENCE----------BERENBERG INITIATES POLYMETAL WITH 'HOLD' - TARGET 970 PENCE----------GOLDMAN CUTS HASTINGS GROUP PRICE TARGET TO 200 (204) PENCE - 'NEUTRAL'----------HSBC CUTS ELEMENTIS PRICE TARGET TO 145 (165) PENCE - 'HOLD'----------UBS CUTS JUPITER FUND MANAGEMENT PRICE TARGET TO 330 (345) PENCE - 'SELL'----------LIBERUM CUTS HAYS PRICE TARGET TO 185 (195) PENCE - 'BUY'----------OTHER MAIN MARKET AND AIM----------RBC RAISES JOHNSON SERVICE GROUP PRICE TARGET TO 190 (180) PENCE - 'OUTPERFORM'----------JPMORGAN RAISES ENQUEST ENERGY PRICE TARGET TO 36 (35) PENCE - 'NEUTRAL'----------

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27 Jan 2023 11:51

Micro Focus expects takeover by OpenText to complete next week

(Alliance News) - Micro Focus International PLC on Friday said its proposed takeover by Open Text Corp is expected to complete on Tuesday next week, after the High Court of Justice in England & Wales approved the transaction for the entire share capital of Micro Focus.

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26 Jan 2023 21:15

Micro Focus International to be replaced by Hunting on FTSE 250 index

(Alliance News) - Micro Focus International PLC will be deleted from the FTSE 250 index, the FTSE Russell said on Thursday, amid its takeover by Open Text Corp.

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24 Jan 2023 20:15

Pacific Horizon to be added to FTSE 250 as Biffa exits amid takeover

(Alliance News) - FTSE Russell said on Tuesday that Pacific Horizon Investment Trust PLC will be added to the FTSE 250 index, replacing Biffa PLC which is being removed.

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17 Nov 2022 14:10

IN BRIEF: Open Text eyes Micro Focus takeover in first quarter of 2023

Micro Focus International PLC - Berkshire-based global enterprise software firm - Potential buyer Open Text Corp expects takeover of Micro Focus to close in the first quarter of calendar year 2023. Open Text adds that it fully syndicated its USD3.59 billion term loan facility with an annual interest equal to adjusted terms secured overnight financing rate plus 3.5%. Further, it prices an offering of USD1 billion of 6.9% senior secured fixed rate notes due 2027 in connection with the acquisition.

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14 Nov 2022 12:15

Micro Focus reports interim revenue fall amid volatile backdrop

(Alliance News) - Micro Focus International PLC on Monday reported a dip in full-year revenue and earnings in the face of an increasingly volatile market backdrop.

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14 Nov 2022 07:58

Micro Focus flags weaker earnings ahead of acquisition by OpenText

(Sharecast News) - Micro Focus International reported a 7% constant currency fall in full-year revenue in a trading update on Monday, to $2.5bn, ahead of its acquisition by OpenText.

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26 Sep 2022 17:19

OpenText completes debt financing ready for Micro Focus takeover

(Alliance News) - Micro Focus International PLC on Monday said that Open Text Corp has completed its debt financing commitments for Micro Focus's GBP5.1 million takeover.

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16 Sep 2022 09:08

PRESS: UK to launch late charm offensive to land Arm IPO - FT

(Alliance News) - The UK government will launch a last-ditch effort to persuade SoftBank Group Corp to list its Arm unit in London, the Financial Times reported on Thursday.

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26 Aug 2022 17:31

UK stocks log worst week since mid-June; Micro Focus soars on buyout deal

Aug 26 (Reuters) - UK stock indexes fell on Friday to log their biggest weekly decline since mid-June as concern mounted about a cost-of-living crisis and Federal Reserve Chair Jerome Powell said the U.S. central bank will raise rates further to try to tame inflation.

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26 Aug 2022 17:07

LONDON MARKET CLOSE: Stocks slump as Powell says Fed to act with force

(Alliance News) - Stocks in Europe ended sharply lower on Friday as US Federal Reserve Chair Jerome Powell made price stability paramount, despite the "pain" that will be caused by moves to tame rampant inflation.

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26 Aug 2022 12:20

LONDON MARKET MIDDAY: Stocks mixed as all eyes on Powell address

Alliance News) - Stock market investors were exercising caution on Friday, in the build-up to a highly anticipated speech by US Federal Reserve Chair Jerome Powell, seeking clues on policy direction going into the next interest-rate setting meeting.

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26 Aug 2022 10:41

TOP NEWS SUMMARY: Micro Focus accepts takeover by Canada's OpenText

(Alliance News) - The following is a summary of top news stories Friday.

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26 Aug 2022 09:02

LONDON MARKET OPEN: Micro Focus rises after agreeing OpenText takeover

Alliance News) - Stock prices in London opened higher on Friday as investors look ahead to a speech by US Federal Reserve Chair Jerome Powell later in the day, while Micro Focus shares surged after agreeing to a takeover offer from a Canadian rival.

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26 Aug 2022 08:09

LONDON BRIEFING: 5 years after HP deal, Micro Focus agrees to takeover

(Alliance News) - Micro Focus International on Friday said it agreed with Canada's OpenText on the terms of a recommended cash acquisition that values the UK software firm, including its debt, at around GBP5.1 billion.

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26 Aug 2022 07:58

TOP NEWS: OpenText to acquire Micro Focus in GBP5.1 billion deal

(Alliance News) - Micro Focus International PLC on Friday said it agreed with Canada's OpenText Corp on the terms of a recommended cash acquisition that values the UK software company, including its debt, at around GBP5.1 billion.

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