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Wednesday broker round-up UPDATE

Wed, 05th Jun 2013 09:34

Aberdeen Asset Mangement: UBS cuts target price from 520p to 505p, while maintaining its buy recommendation.Alternative Networks: Investec revises target price from 350p to 390p keeping a buy recommendation.API Group: Numis upgrades to add with a target price of 75p.Ashmore Group: UBS lowers target price from 409p to 400p and reiterates a neutral rating.ASOS: Bank of America moves target price from 3500p to 4500p and leaves its buy recommendation unchanged. Societe Generale raises target price form 3748p to 4364p, but downgrades to hold.Balfour Beatty: Investec cuts target price from 190p to 170p and reiterates its sell recommendation.Bellway: Citi takes target price from 1260p to 1445p maintaining its buy recommendation.Berkeley Group: Citi ups target price from 1985p to 2125p, while its neutral rating is maintained.Bovis Homes Group: Citi revises target price from 710p to 820p, while leaving its neutral rating unaltered.: Investec raises target price from 447p to 540p, but downgrades from buy to add.Burberry: Goldman Sachs increases target price from 2032p to 2106p and keeps a strong buy recommendation.Daily Mail & General Trust: Citi moves target price from 725p to 880p reiterating a buy recommendation.Compass Group: Jefferies raises target price from 710p to 890p and retains a hold recommendation.De La Rue: Goldman Sachs reduces target price from 1175p to 1090p and reiterates a neutral rating.Dixons Retail: Goldman Sachs shifts target price from 30p to 32p and leaves its sell recommendation unchanged.Electrocomponents: Jefferies ups target price from 200p to 250p and maintains its hold recommendation.First Group: Morgan Stanley reduces target price from 176p to 155p, while its equal-weight rating remains unchanged.Go-Ahead Group: Jefferies takes target price from 1510p to 1725p retaining a buy recommendation.Halfords Group: N+1 Singer cuts target price from 440p to 380p, while maintaining its buy recommendation.Lloyds Banking Group: Numis shifts target price from 63p to 70p, while downgrading to add.: UBS cuts target price from 130p to 110p and downgrades from buy to neutral.MITIE: Goldman Sachs reduces target price from 340p to 315p staying with its neutral rating.Moneysupermarket: Westhouse Securities downgrades from add to neutral with a target price of 210p. Investec places its target price (prev.: 210p) under review, while maintaining its buy recommendation.Persimmon: Citi increases target price from 1220p to 1300p and reiterates a buy recommendation.Redrow: Citi moves target price from 220p to 255p upgrading to buy.RPC Group: Panmure Gordon ups target price from 466p to 496p and upgrades from hold to buy.Severn Trent: UBS raises target price from 1800p to 2150p keeping a neutral rating.Smith (DS): Goldman Sachs downgrades to neutral with a target price of 278p.Spirit Pub: Deutsche Bank moves target price from 53p to 65p and retains a hold recommendation.Synergy Health: Investec takes target price from 1105p to 1170p maintaining its buy recommendation.Tate & Lyle: Investec increases target price from 860p to 900p and upgrades from hold to buy.Taylor Wimpey: Citi ups target price from 87p to 92p, but still recommends selling.Tricorn Group: Westhouse Securities shifts target price from 40p to 44p and reiterates its buy recommendation.TT Electronics: Goldman Sachs takes target price from 180p to 190p and stays with its neutral rating.Wolseley: Jefferies cuts target price from 2520p to 2480p keeping an underperform rating. HSBC Holdings raises target price from 3000p to 3210p, while staying with its neutral rating. UBS reduces target price from 3600p to 3500p and retains a neutral rating. Morgan Stanley upgrades to equal-weight with a target price of 3050p. Numis increases target price from 2850p to 3250p keeping its hold recommendation.3i Group: Societe Generale upgrades to buy with a target price of 370p.
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4 Oct 2013 10:52

UK WINNERS & LOSERS: Carpetright Slips As Tate & Lyle Leads Blue-Chip Gainers

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4 Oct 2013 09:32

Friday broker round-up UPDATE

Aberdeen Asset Management: JP Morgan lowers target price from 523p to 509p maintaining an overweight rating. Admiral Group: Canaccord Genuity cuts target price from 1200p to 1160p retaining its sell recommendation. API Group: Numis downgrades to add with a target price of 85p. Arbuthnot Banking G

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4 Oct 2013 07:26

Tricorn Group Expects Lower Pretax Profit As UK Arms Struggle

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3 Dec 2012 16:21

Tricorn close to first shipment from new Chinese facility

AIM-listed tube manufacturer Tricorn surged on Monday following the release of its interim results, in which it reported a decent increase in the half-year dividend. The company, which operates in three main segments - Energy & Utilities, Transportation and Aerospace - is to pay shareholder 0.1p pe

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11 Jun 2012 11:59

Tricorn posts record results

Tricorn Group, the AIM-quoted tube manufacturer, is to double its dividend after a record set of results. In the year to March 31st, pre-tax profits rose 14% from £0.93m the year before to a record £1.53m, on revenues of £24.7m (2011: £21.8m). Adjusted earnings per share increased 47% to 3.78p fr

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3 Apr 2012 10:40

Tricorn tubes on a roll

Tricorn, a maker of pipes for the power industry and aircraft engines, said it would top market expectations with its full year results, which had already been upgraded as recently as February. The news pushed shares up almost 7% in Tuesday morning trading as the firm predicted a 13% increase in s

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28 Feb 2012 13:36

Tricorn raises profit guidance

Tricorn Group, the AIM-quoted tube manufacturers, has revealed that group profit before tax for the full year ended March 31st will be ahead of market expectations. The news comes after the firm made an 'encouraging' start to the final quarter with demand remaining strong and operational performa

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5 Oct 2011 07:36

Tricorn sees 20% hike in sales

Tricorn, a maker of pipes for the power industry and aircraft engines, expects first half sales to be over 20% higher than in the previous year as strong global demand continues. The upbeat outlook also reflects progress made with its major blue chip OEM customers, it said. "It is those customers

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4 Apr 2011 16:43

London close: Shares edge higher on quiet day

Having hovered around its starting point for much of the day, the top share index finished just a few points higher. Vodafone's sale of what it considers non-core minority stakes continues with the sale of its 44% holding in French mobile phone group SFR to French media group Vivendi for €7.75bn (£

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4 Apr 2011 12:25

London midday: Shares seeking direction

Shares are still seeking direction after a slight recovery following a lower start in the morning. It has been a morning for asset sales with both telecoms giant Vodafone and oil colossus BP pressing on with their respective asset sale programmes. Vodafone's sale of what it considers non-core min

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4 Apr 2011 08:40

Tricorn set to beat FY forecasts, offer dividend

Tube manipulation specialist Tricorn said it expects full year pre-tax profit to be significantly ahead of market expectations as it considers recommending a maiden dividend. The Worcestershire-based group said full year pre-tax profit is expected to be around £1m after a strong final quarter and i

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18 Feb 2011 14:46

London afternoon: Miners spooked by China

Footsie staged a half-hearted recovery over the lunch time session but the market remains lower on balance, largely as a result of weak miners, which have taken fright at further attempts by the Chinese authorities to cool down the Chinese economy. China has raised bank reserve requirements by half

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18 Feb 2011 07:58

Small caps round-up: Blinkx, Motive Television, Noventa

Video search engine specialist blinkx said its technology is slated to be available soon through the applications (apps) library of Boxee, the company that produces a box that finds shows and films on the internet and streams them to a television set. The blinkx app for Boxee gives users the abili

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6 Dec 2010 08:24

Profit surges at Tricorn

Tricorn, a maker of pipes for the power industry and aircraft engines, posted a sharp increase in half year pre-tax profit and is confident that full year results will be ahead of market expectations. Tricorn noted a continued recovery in Energy and Transportation businesses which helped lift pre-t

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