FTSE 250 movers: Aston Martin dented by broker note

London’s FTSE 250 was flat at 18,846.37 in afternoon trade on Tuesday.

Transact owner IntegraFin was the standout gainer on the index.

Luxury car maker Aston Martin was under the cosh after Oddo slashed its price target on the neutral-rated shares to 420p from 1,000p.

Hammerson was also weaker after a downgrade to ‘underperform’ from ‘sector perform’ at RBC Capital Markets, which reduced the price target to 17p from 32p.

It said economic weakness is likely to hamper Hammerson’s restructuring progress, increasing and extending uncertainty over the future shape of its business and its earnings profile.

"A combination of a relatively high level of variable revenues, high financial gearing, complicated ownership structures for its properties and its potential shift in business mix (to mixed-use urban development) amplifies the uncertainty over Hammerson’s future level of earnings in our view, risking deeply discounted share price multiples for a period of time."

FTSE 250 - Risers

IntegraFin Holding (IHP) 238.00p 2.50%
Molten Ventures (GROW) 400.20p 2.14%
VinaCapital Vietnam Opportunity Fund Ltd. (VOF) 480.00p 2.13%
Helios Towers (HTWS) 128.10p 2.07%
Man Group (EMG) 255.10p 1.88%
Capital & Counties Properties (CAPC) 148.40p 1.78%
Inchcape (INCH) 726.00p 1.75%
AJ Bell (AJB) 286.60p 1.63%
LXI Reit (LXI) 146.60p 1.52%
Tritax Big Box Reit (BBOX) 185.10p 1.48%

FTSE 250 - Fallers

Aston Martin Lagonda Global Holdings (AML) 428.60p -7.61%
Petrofac Ltd. (PFC) 103.50p -4.70%
Genus (GNS) 2,414.00p -4.51%
Chrysalis Investments Limited NPV (CHRY) 91.90p -4.47%
Wood Group (John) (WG.) 145.70p -3.80%
Weir Group (WEIR) 1,338.50p -3.53%
Great Portland Estates (GPE) 574.00p -3.53%
Hammerson (HMSO) 19.38p -3.41%
Ferrexpo (FXPO) 111.30p -3.13%
TUI AG Reg Shs (DI) (TUI) 125.20p -3.06%