Broker Tips
Petrofac fears overdone with SFO fine limited to GBP1bn, recommends Kepler
Investors have overreacted to the Serious Fraud Office investigation into Petrofac, reckoned analysts at Kepler Cheuvreux, initiating coverage with a 'buy' rating even though it predicted a maximum cash fine of £1. 05bn.
Broker tips: Petrofac, Kaz Minerals, Gem Diamonds
Investors have overreacted to the Serious Fraud Office investigation into Petrofac, reckoned analysts at Kepler Cheuvreux, initiating coverage with a 'buy' rating even though it predicted a maximum cash fine of £1. 05bn.
Funding risk at KAZ Minerals very limited even in bearish copper price scenario, Credit Suisse says
Analysts at Credit Suisse reaffirmed their 'Outperform' recommendation and 630. 0p target price for Kaz Minerals say that funding risks for the copper miner were now "very limited" even under 'bearish' copper price assumptions.
Gem Diamonds not out of the woods yet, RBC says as it upgrades shares
Analysts at RBC upgraded their recommendation on Gem Diamonds on expectations for improved large stone recoveries.
Housebuilders hit by hung parliament
London-listed housebuilders slumped on Friday as investors woke up to news of a hung parliament, after PM Theresa May failed to get the seats needed to deliver a majority government.
UK General Election 2017 - Analysts react
"Whatever the overall results of this election some of the stats about potential age demographics of the voters is very interesting. Sky did a poll on election day and found amongst 18-34 year olds Labour were on 63% and Conservatives 27%. With 35-54 year olds both were on 43% and over 55 year olds Labour on 23% and Conservatives on 59%. [. ] It's fascinating as this shows the dilemma a lot of politicians have around the world. We generally have a wealth divide where the older generation (who normally vote) have a high proportion of it relative to the young who are generally in debt and/or in many countries unemployed.
Friday broker round-up
Gem Diamonds: RBC upgrades to Sector Perform with a target price of 100p.