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Friday broker round-up UPDATE

Fri, 24th Jan 2014 08:35

Aberdeen Asset Management: Morgan Stanley reduces target price from 492p to 393p and downgrades from equal-weight to underweight.Afren: Morgan Stanley moves target price from 210p to 220p retaining an overweight rating.Ashmore Group: Morgan Stanley cuts target price from 410p to 365p and reiterates an equal-weight rating.Betfair Group: JP Morgan moves target price from 975p to 990p retaining its neutral rating.Brooks Macdonald: Numis moves target price from 1560p to 1570p maintaining its hold recommendation.BTG: Deutsche Bank ups target price from 610p to 635p and keeps a buy recommendation.Cairn Energy: Morgan Stanley cuts target price from 375p to 350p and retains its overweight rating.Charles Stanley: Canaccord Genuity ups target price from 450p to 500p and retains a hold recommendation.Chemring Group: Citi takes target price from 230p to 260p maintaining a neutral rating.Close Brothers Group: Numis increases its target price up to 1110p, while keeping a reduce rating. Canaccord Genuity ups target price from 1430p to 1500p upgrading from hold to buy.Compass Group: JP Morgan raises target price from 950p to 1060p and keeps its overweight rating.Dairy Crest: Goldman Sachs reduces target price from 404p to 351p and stays with its sell recommendation.Domino Printing: Berenberg initiates with a target price of 860p and a hold recommendation.Domino's Pizza: Citi cuts target price from 675p to 635p, while leaving its buy recommendation unchanged.EnQuest: Morgan Stanley reduces target price from 135p to 125p and maintains its underweight rating.Faroe Petroleum: Morgan Stanley lowers target price from 130p to 120p and keeps an underweight rating.First Quantum Minerals: Numis downgrades from add to hold with a target price of 1200p.Genel Energy: Morgan Stanley ups target price from 1000 to 1070p and reiterates an equal-weight rating.Greene King: JP Morgan raises target price from 880p to 960p staying with its neutral rating.Hellermann Tyton: JP Morgan ups target price from 335p to 360p and maintains an overweight rating.InterBulk: Westhouse Securities upgrades from add to buy with a target price of 7.8p.InterContinental Hotels Group: Citi raises target price from 2050p to 2370p and stays with its buy recommendation. JP Morgan increases target price from 1800p to 2030p and keeps a neutral rating.Ladbrokers: Credit Suisse lowers target price from 170p to 160p and reiterates an underperform rating. Citi cuts target price from 140p to 125p keeping its sell recommendation.lloyds Banking Group: Investec downgrades from buy to hold with a target price of 85p.London Stock Exchange: JP Morgan raises target price from 1539p to 1622p, while its underweight rating remains unaltered. UBS increases target price from 1680p to 1830p, while maintaining a neutral rating.Marston's: JP Morgan ups target price from 160p to 180p and stays with its neutral rating.Mitchells & Butlers: JP Morgan takes target price from 400p to 460p and reiterates its neutral rating.Ophir Energy: Morgan Stanley reduces target price from 465p to 380p, while leaving its overweight rating unchanged.Pearson: Nomura cuts target price from 1140p to 1050p and keeps a reduce rating. Morgan Stanley lowers target price from 1225p to 1150p maintaining an underweight rating. Credit Suisse reduces target price from 1530p to 1410p, while its outperform rating is kept. Societe Generale reduces target price from 1300p to 1200p and keeps a hold recommendation.Petra Diamonds: Numis shifts target price from 165p to 170p and reiterates a buy recommendation.PlayTech: JP Morgan increases target price from 825p to 900p and maintains an overweight rating.Premier Oil: Morgan Stanley reduces target price from 450p to 350p retaining an equal-weight rating.Restaurant Group: Citi increases target price from 545p to 650p, while its neutral rating remains unchanged. JP Morgan raises target price from 665p to 750p and leaves its overweight rating unaltered.Salamander Energy: Morgan Stanley cuts target price from 165p to 130p staying with its equal-weight rating.Serco Group: JP Morgan takes target price from 523p to 575p retaining its overweight rating.SOCO International: Morgan Stanley ups target price from 390p to 410p, while staying with its underweight rating.Spirit Pub: Citi shapes target price from 95p to 90p keeping a buy recommendation.St. James's Place: Deutsche Bank ups target price from 755p to 810p and maintains a buy recommendation. Nomura raises target price from 759p to 845p keeping its buy recommendation. Goldman Sachs takes target price from 810p to 840p and stays with its buy recommendation.Thomas Cook Group: JP Morgan ups target price from 200p to 230p and keeps an overweight rating.TT Electronics: Berenberg initiates with a target price of 247p and a buy recommendation.TUI Travel: JP Morgan increases target price from 410p to 480p retaining its overweight rating.Tullow Oil: Morgan Stanley reduces target price from 1510p to 1175p, while keeping its overweight rating.Whitbread: Citi raises target price from 4000p to 4280p, while downgrading to neutral. JP Morgan increases target price from 3950p to 4500p staying with its overweight rating.William Hill: Credit Suisse cuts target price from 465p to 445p and retains an outperform rating. Citi reduces target price from 480p to 400p, while leaving its buy recommendation unaltered.Workspace Group: Liberum Capital raises target price from 584p to 632p retaining its buy recommendation. Investec increases target price from 560p to 620p and maintains a buy recommendation.Xcite Energy: Morgan Stanley takes target price from 160p to 180p and reiterates an overweight rating.
More News
4 Jan 2011 07:54

More good news for Xcite

North Sea oilfields operator Xcite Energy said its 9/3b-6z well on the Bentley field has been successfully suspended for potential future use as a production well. In addition to the successful well flow test announced on 21 December 2010, high quality down hole pressure, temperature and sample dat

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21 Dec 2010 11:04

Xcite demonstrates potential of Bentley field

Xcite Energy, the developer of heavy oil assets in the North Sea, has rallied on news the flow test of the 9/3b-6z horizontal well on the Bentley field has been successfully completed. The firm's value soared over 20% Tuesday morning after the flow rates demonstrated the commerciality of the field

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20 Dec 2010 10:32

Small caps round-up: African Eagle, Xcite, Dunedin Smaller Co's

African Eagle is up again as a new economic model for the Dutwa nickel project in Tanzania turned out to be a "significant" improvement over the results of the scoping study 18 months ago. Independent Perth based consultant Simulus gives a pre-tax net present value (NPV) of US$650m at a discount ra

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15 Dec 2010 14:48

Small caps round-up: Firestone Diamonds, UBC Media

Firestone Diamonds' first diamond tender at its new sales office in Gaborone, Botswana, sold 14,673 carats for gross proceeds of about $1.6m, with the first sale of diamonds from the main pipe at Liqhobong making $98/carat "We are very pleased that the prices achieved for both Liqhobong and BK11 p

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1 Nov 2010 11:34

Xcite's North Sea well to exceed expectations

Xcite Energy, the developer of heavy oil assets in the North Sea, saw net assets increase to £52.9m at 30 September, from £24.1m at 31 December 2009. Cash balances stood at £27.8m, compared to £0.54m at the end of September last year. However, its pre-tax losses increased to £212,716 for the quarter

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28 Oct 2010 08:12

Premier Oil and gang expand North Sea portfolios

Premier Oil has been awarded five new licences in the 26th UK Licensing Round, including several blocks close to its existing interests in the Central North Sea. The company, which already has a 35% interest in the potentially huge Catcher field, said the wins, announced yesterday by the Department

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25 Oct 2010 17:26

Small caps round-up: Abbeycrest, City of London Investment, Impax...

Jewellery maker Abbeycrest has swung to a pre-tax loss of £0.46m for the half year from a pre-tax profit of £1.26m last year. For the six months ended 31 August 2010, group revenue increased by 5% to £18.8m from £17.9m previously. However, this was largely due to the effect of the rising gold price

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20 Jul 2010 16:42

London close: Flat finish for FTSE 100

There was plenty of movement in both directions Tuesday, but Footsie closed just a few points lower. Government spending cuts and their effect on the profits on the big players in the public sector is the day's big story after Cable & Wireless Worldwide warned that the coalition government's emerge

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20 Jul 2010 14:25

London afternoon: Cautious note from De La Rue

Footsie lost more ground over the lunch time session with barely a fifth of the blue-chip index's constituents remaining in the red, and many of those are miners. Government spending cuts and their effect on the profits on the big players in the public sector is the day's big story after Cable & Wi

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20 Jul 2010 12:35

Small caps round-up: Acta, Hampson, Leni Gas & Oil ...

Clean energy products group Acta has signed an agreement to supply generators that produce clean hydrogen to Girelli Bruni, a company that installs equipment on forecourts of petrol stations in Italy. Aerospace group Hampson has appointed US national Norman Jordan, chairman and chief executive of L

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20 Jul 2010 12:10

London midday: Public sector specialists hit

Sovereign debt worries are haunting investors again after Hungary cut back its treasury bill offering by 10bn forints to 35bn. European stock markets took a step back on the news while expectations of a weak opening on Wall Street has also sparked some selling. Cable & Wireless Worldwide is the bi

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20 Jul 2010 07:42

Xcite Energy Contract For The Ocean Nomad Semi-Submersible Rig

LONDON (Dow Jones)--Xcite Energy PLC (XEL.LN), said Tuesday that Xcite Energy Resources Ltd has entered into a binding contract for the Ocean Nomad semi-submersible rig to drill the 9/3 billion-R well on the Bentley field. MAIN FACTS: -With an expected spud date around the middle of Septembe

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20 Jul 2010 07:00

PRESS RELEASE: Xcite Energy Limited ("Xcite Energy" or the "Company") Rig Contract-Ocean Nomad

ABERDEENSHIRE, UK--(Marketwire - July 19, 2010) - This Announcement Is Not for Release, Publication or Distribution in or Into the United States Xcite Energy is pleased to announce that Xcite Energy Resources Limited ("XER") (TSX-V: XEL) (LSE: XEL) (AIM: XEL) has entered into a binding contract

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2 Jul 2010 07:09

Xcite Energy Pact To Drill Bentley Field 9/3b-R Well

LONDON (Dow Jones)--Xcite Energy Ltd (XEL.LN), said Friday that it has entered into an agreement for the Ocean Nomad semi-submersible rig to drill the 9/3b-R well on the Bentley field, with an expected spud date around the end of August subject to the current rig program. MAIN FACTS: -The Co

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2 Jul 2010 07:04

PRESS RELEASE: Xcite Energy Limited ("Xcite Energy" or the "Company") Rig Contract-Ocean Nomad

ABERDEENSHIRE, UK--(Marketwire - July 01, 2010) - This Announcement Is Not for Release, Publication or Distribution in or Into the United States. Xcite Energy (TSX-V: XEL)(LSE: XEL)(AIM: XEL) is pleased to announce that it has entered into an agreement for the Ocean Nomad semi-submersible rig

Read more

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