[ad_1] London’s FTSE 250 was down 0.8% at 20,288.50 in afternoon trade on Wednesday. Online electricals retailer AO World was the biggest loser, closely followed by Ferrexpo. On the upside, convenience food maker Greencore was the standout performer as Jefferies lifted its stance on the shares to ‘buy’ from hold’ and upped the price target…
[ad_1] London’s FTSE 100 was up 0.3% at 6,590.75 in afternoon trade on Tuesday. Aveva was the top gainer after an upgrade to ‘buy’ from ‘neutral’ at UBS. Next was also sharply higher after the retailer reported a smaller-than-expected drop in sales over Christmas and said online sales made up for almost all those lost…
[ad_1] London’s FTSE 250 was up 0.5% at 20,633.81 in afternoon trade on Tuesday. Softcat surged to the top of the index after saying that trading has remained positive since its first-quarter statement in mid-November and the company is ahead of where it expected to be. In an update ahead of its interim results, the…
[ad_1] Royal Mail surged on Wednesday as JPMorgan Cazenove upgraded the stock to ‘overweight’ from ‘neutral’ and lifted the price target to 374p from 253p, saying it sees a potential strong improvement in trading over the next 18 months, due in part to an improved revenue outlook. “In our view, this revenue outlook may also…
[ad_1] Royal Mail shares rallied on Friday after JPMorgan Cazenove upgraded its rating to ‘neutral’ from ‘underweight’. It said that while the UK turnaround is far from certain, stronger short-run trading has at least bought some time, and should prevent a build-up of net debt. “The CWU negotiations appear to be the main ongoing concern,”…
[ad_1] London’s FTSE 250 was down 0.3% at 17,098.38 in afternoon trade on Thursday. Royal Mail shares slid after the company said it will cut 2,000 manager jobs as it desperately tried to save £130m in costs amid the coronavirus crisis and reported a 25% plunge in full year profits. It also said it was…
[ad_1] Zacks Investment Research upgraded shares of ROYAL MAIL PLC/ADR (OTCMKTS:ROYMY) from a hold rating to a buy rating in a report released on Thursday, Zacks.com reports. The brokerage currently has $5.50 price target on the stock. According to Zacks, “Royal Mail plc is a provider of postal and delivery services. Its operating segment consists…
[ad_1] ROYAL MAIL PLC/ADR (OTCMKTS:ROYMY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday, Zacks.com reports. The firm presently has a $5.50 price target on the stock. Zacks Investment Research‘s price objective suggests a potential upside of 19.31% from…
[ad_1] ValuEngine upgraded shares of ROYAL MAIL PLC/ADR (OTCMKTS:ROYMY) from a sell rating to a hold rating in a research note released on Wednesday morning, ValuEngine reports. A number of other research firms also recently weighed in on ROYMY. HSBC downgraded ROYAL MAIL PLC/ADR from a buy rating to a hold rating in a research…
[ad_1] Royal Mail (LON:RMG) was upgraded by stock analysts at Morgan Stanley to an “equal weight” rating in a note issued to investors on Monday, July 15th, ThisIsMoney.Co.Uk reports. Several other analysts have also issued reports on the company. Barclays reiterated an “overweight” rating on shares of Royal Mail in a report on Friday, July…