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UBS upgrades Signet Group to 'buy' off stronger guidance

Thu, 20th Aug 2015 16:41

(ShareCast News) - UBS upgraded Signet Group's rating to 'buy' from 'neutral' after the jeweller upgraded its guidance.The Swiss bank moved its price target for Signet, which recently bought diamond store Zales, to 9,000p from 8,500p.Analyst Andrew Hughes said UBS upgraded its earnings forecasts to move in line with guidance from Signet that Zale's margins would be in the "low teens" by 2018.Hughes said the margin increase seems in part based on Zales' stronger than expected sales performance since acquisition.UBS noted that management would use about 70-80% of surplus cash flow for buybacks, with the remainder earmarked for small-scale mergers and acquisitions."Despite some recent weakness in US market data, Signet continues to gain market share. The market slowdown may be a function of spending patterns shifting to home and leisure, although jewellery (as especially bridal) has shown steady growth over the long term," Hughes said.Shares in Signet Jewellers were down by 0.19% to 8055p at 1635 BST.
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30 Mar 2020 10:48

Signature Aviation Suspends Dividend As Virus Hurts Flying Activity

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30 Mar 2020 07:58

Signature Aviation pulls full-year dividend because of outbreak

(Sharecast News) - Signature Aviation has pulled financial guidance and suspended its dividend in the wake of the coronavirus outbreak.

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5 Mar 2020 15:41

DIRECTOR DEALINGS SUMMARY: IAG Chair And Director Spend EUR1.2 Million

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3 Mar 2020 12:04

Signature Aviation Revenue Up But Mixed Profit Picture On Rising Costs

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3 Mar 2020 08:42

Signature Aviation profits soar following sale of Ontic

(Sharecast News) - Aviation services group Signature Aviation posted improved full-year results on Tuesday, partly thanks to the firm booking a gain on the sale of its Ontic business.

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22 Jan 2020 14:35

Great Portland Adds Former Hays Director Vicky Jarman To Board

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6 Dec 2019 16:00

UK Dividends Calendar - Next 7 Days

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25 Nov 2019 15:21

FTSE 250 movers: Future flies, Signature Aviation dives

(Sharecast News) - London's FTSE 250 was higher by 0.79% at 20,646.92 in afternoon trade on Monday, with shares of Future leading the index upward.

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25 Nov 2019 12:58

Monday broker round-up

(Sharecast News) - Hays: Credit Suisse downgrades to underperform with a target price of 140p.

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30 Aug 2018 15:41

Signet Jewelers ups forecast following strong second quarter

(Sharecast News) - Signet Jewelers topped estimates with its strong set of second-quarter results on Thursday, leading the group to raise its full-year outlook.

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9 Sep 2016 08:31

BROKER RATINGS SUMMARY: Goldman Takes Centrica And Burberry Off List

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27 Jun 2016 15:25

BROKER RATINGS SUMMARY UPDATE: Deutsche Lifts ITV To Hold From Sell

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16 Feb 2016 12:08

Signet Jewelers To Cancel Listing On London Stock Exchange (ALLISS)

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7 Jan 2016 12:21

Signet Lifts Lower End Of Guidance Range After Holiday Sales Rise

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