Broker Tips
Broker tips: Provident Financial, Ascential, IQE, BP
Provident Financial is down at its lowest levels since the mid-1990s on the back of a weekend newspaper report that suggested the doorstep lender has been sounding out investors for a "bumper" capital raise.
RBC upgrades BP to 'outperform' on 'underappreciated' downstream dynamics
Analysts at RBC Capital Markets took a look at oil and gas giant BP on Monday morning, saying they believed its cash flow framework would improve in 2018 as a result of a growing upstream base and favourable dynamics in the downstream, the latter of which it felt "may be underappreciated by the market".
Canaccord backs IQE for growth after company accused of misleading investors
Analysts at Canaccord reiterated their recommendation of 'buy' on shares of semiconductor developer IQE on Monday and dismissed claims that the company had misled investors.
Monday broker round-up
BP plc: RBC Capital Markets upgrades to outperform with a target price of 570p.
Numis ups target price for Ascential, notes higher dividend
Analysts at Numis reiterated their 'buy' recommendation for shares of Ascential following its latest set of full-year numbers, which it described as "strong", highlighting the better-than-expected dividend payout.
UBS downgrades Jupiter Fund Management as fund flows reverse
UBS downgraded Jupiter Fund Management to 'sell' from 'neutral' and cut the price target to 460p from 545p as fund flows reverse.
Provident Financial tumbles on cash-call report, analysts see value
Provident Financial is down at its lowest levels since the mid 1990s on the back of a weekend newspaper report that suggested the doorstep lender has been sounding out investors for a "bumper" capital raise.