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LONDON BROKER RATINGS: HSBC cuts pub stocks; Goldman downgrades M&S

Fri, 08th Jul 2022 09:44

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

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FTSE 100

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Citigroup cuts Persimmon price target to 1,930 (2,293) pence - 'neutral'

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Citigroup cuts Intermediate Capital price target to 2,300 (2,600) pence - 'buy'

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Credit Suisse cuts Schroders price target to 2,970 (3,180) pence - 'outperform'

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UBS cuts Schroders price target to 3,500 (3,850) pence - 'buy'

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Goldman Sachs cuts Experian price target to 3,450 (3,800) pence - 'buy'

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JPMorgan cuts Prudential price target to 1,450 (1,590) pence - 'overweight'

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Deutsche Bank cuts Entain price target to 1,871 (2,034) pence - 'buy'

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JPMorgan cuts Entain price target to 2,000 (2,200) pence - 'overweight'

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Barclays cuts CRH price target to 41 (44) EUR - 'overweight'

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Goldman Sachs raises Shell price target to 42 (39) EUR - 'buy'

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Barclays cuts Rio Tinto price target to 4,500 (4,800) pence - 'underweight'

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Barclays cuts Glencore price target to 700 (770) pence - 'overweight'

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Barclays cuts Anglo American price target to 3,175 (3,400) pence - 'equal weight'

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Credit Suisse starts Antofagasta with 'neutral' - price target 1,180 pence

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Barclays cuts Antofagasta price target to 1,450 (1,645) pence - 'overweight'

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Barclays cuts Endeavour Mining price target to 2,500 (3,000) pence - 'overweight'

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Barclays cuts Fresnillo price target to 770 (880) pence - 'equal weight'

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Berenberg cuts Vodafone price target to 135 (145) pence - 'hold'

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Berenberg cuts WPP price target to 915 (1,230) pence - 'hold'

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FTSE 250

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SocGen cuts Watches of Switzerland price target to 1,350 (1,430) pence - 'buy'

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Barclays cuts Watches of Switzerland target to 1,180 (1,610) pence - 'overweight'

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Goldman Sachs cuts Marks & Spencer to 'sell' (neutral) - price target 140 (165) pence

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Barclays cuts Currys price target to 80 (90) pence - 'equal weight'

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Jefferies raises Energean to 'buy' (hold) - price target 1,300 pence

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Jefferies raises Capricorn Energy to 'buy' (hold) - price target 265 (235) pence

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Jefferies cuts Tullow Oil price target to 77 (85) pence - 'buy'

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Barclays cuts Hochschild Mining price target to 140 (165) pence - 'overweight'

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Barclays raises Ferrexpo to 'equal weight' (underweight) - price target 215 (265) pence

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UBS cuts Petershill Partners price target to 320 pence - 'buy'

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UBS cuts Jupiter Fund price target to 138 (180) pence - 'neutral'

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UBS cuts Ashmore Group price target to 260 (305) pence - 'buy'

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HSBC cuts JD Wetherspoon price target to 880 (1,060) pence - 'buy'

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HSBC cuts Mitchells & Butlers to 'hold' (buy) - price target 205 (350) pence

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SMALL CAP

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Barclays cuts Breedon price target to 65 (78) pence - 'equal weight'

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Barclays cuts Gem Diamonds price target to 60 (80) pence - 'overweight'

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Barclays cuts Petra Diamonds price target to 100 (115) pence - 'equal weight'

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Barclays cuts South32 price target to 195 (250) pence - 'underweight'

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Barclays cuts BHP Group price target to 2,250 (2,400) pence - 'equal weight'

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Jefferies raises Jadestone Energy price target to 145 (140) pence - 'buy'

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Jefferies cuts Serica Energy price target to 465 (475) pence - 'buy'

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Jefferies cuts Enquest price target to 33 (35) pence - 'buy'

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Jefferies cuts Kosmos Energy price target to 710 (750) pence - 'buy'

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Jefferies cuts AO World price target to 45 (80) pence - 'hold'

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HSBC cuts Restaurant Group price target to 95 (140) pence - 'buy'

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HSBC cuts Marstons to 'reduce' (hold) - price target 40 (90) pence

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Copyright 2022 Alliance News Limited. All Rights Reserved.

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(Alliance News) - Jeremy Hunt has met the UK's biggest banks as part of efforts among the government to boost interest in the City.

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21 Dec 2023 10:14

IN BRIEF: Restaurant Group takeover by Apollo funds now complete

Restaurant Group PLC - London-based restaurant operator, including Wagamama chain - Takeover by Rock Bidco Ltd, a special purpose vehicle owned by funds managed by Apollo Global Management Inc affiliates, becomes effective after scheme of arrangement is sanctioned on Wednesday. The 65 pence per share offer from New York-based asset manager Apollo valued Restaurant Group at GBP701 million. Shares are suspended from trading in London from Thursday morning, cancellation is expected to take effect from the market open on Friday. Restaurant Group board members step down, effective immediately, including Chair Ken Hanna. Chief Executive Officer Andy Hornby and Chief Financial Officer Mark Chambers will retain their positions.

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20 Dec 2023 15:00

IN BRIEF: Restaurant Group takeover by Apollo to complete on Thursday

Restaurant Group PLC - London-based restaurant operator, including Wagamama noodle shop chain - Court in Edinburgh sanctions scheme of arrangement for Restaurant Group's acquisition by Rock Bidco Ltd, a special purpose vehicle of funds managed by Apollo Global Management Inc. The effective date of the scheme is expected to be on Thursday. Apollo is a New York-based alternative asset manager. Its offer of 65 pence per Restaurant Group share in cash back in October valued the equity of Restaurant Group at GBP506 million and the company as a whole, including debt, at an enterprise value of GBP701 million. Some London analysts considered the bid too low, and Wheel Topco Ltd, the owner of PizzaExpress Group Ltd, considered a rival bid before backing off in November.

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27 Nov 2023 20:02

TRADING UPDATES: Live Co to cut jobs; SDX Energy in strategy shift

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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7 Nov 2023 12:13

IN BRIEF: Pizza Express owner ditches Restaurant Group offer plans

Restaurant Group PLC - London-based restaurant chain operator, owner of Wagamama and Frankie & Benny's - Wheel Topco Ltd, owner of PizzaExpress Group Ltd, confirms that it will not make an offer for Restaurant Group "due to market conditions". Wheel Topco agreed in October to a takeover by New York-based Apollo Global Management for just over GBP500 million in cash, or 65 pence per TRG share. In late October it confirmed that Wheelco was considering making a rival offer and had sent a diligence request, in response to a Sky News report which claimed other potential counter-bidders were also considering offers.

Read more
7 Nov 2023 07:58

Pizza Express owner not planning to make offer for Restaurant Group

(Sharecast News) - The owner of Pizza Express cited "market conditions" on Tuesday as it confirmed that it does not intend to make an offer for The Restaurant Group.

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26 Oct 2023 17:00

LONDON MARKET CLOSE: Stocks firmly in red on ECB's Lagarde comments

(Alliance News) - Stock prices in London closed down on Thursday as investors reacted negatively to the European Central Bank's warning that it would be "totally premature" to discuss interest rate cuts.

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26 Oct 2023 12:29

Pizza Express eyes up potential takeover of Restaurant Group

(Alliance News) - Restaurant Group PLC on Thursday confirmed that the Pizza Express owner has taken interest in a takeover of the company.

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26 Oct 2023 12:08

LONDON MARKET MIDDAY: Stocks down ahead of US data and ECB decision

(Alliance News) - Stock prices in London were lower at midday Thursday, ahead of key data from the US, and a European Central Bank interest rate decision.

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26 Oct 2023 10:04

SMALL-CAP WINNERS & LOSERS: Pizza Express owner eyes Restaurant Group

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

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26 Oct 2023 07:51

LONDON BRIEFING: PizzaExpress owner makes play for Restaurant Group

(Alliance News) - The FTSE 100 is set to open lower on Thursday, as investors nervously look ahead to a key interest rate decision from the European Central Bank, and US economic growth data.

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26 Oct 2023 07:23

Pizza Express owner considering bid for Restaurant Group

(Sharecast News) - The Restaurant Group confirmed on Thursday that Wheel Topco, the owner of Pizza Express, is considering making a bid for the company.

Read more
25 Oct 2023 20:57

PRESS: Pizza Express mulls dishing up rival bid for Restaurant Group

(Alliance News) - Pizza Express is potentially considering a surprise move to gatecrash a takeover of Restaurant Group PLC, the owner of Wagamama.

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17 Oct 2023 09:21

LONDON BROKER RATINGS: SocGen cuts HSBC to sell; DB down on utilities

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

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17 Oct 2023 07:47

LONDON BRIEFING: Rolls-Royce confirms plan to axe at least 2,000 jobs

(Alliance News) - Stocks in London are called lower on Tuesday, as uncertainty over developments in the Middle East weighs on sentiment.

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