Currys PLC (LSE:CURY) is still a takeover target despite Monday’s news that US suitor Elliott Advisors had stepped back as a potential bidder, analysts have said.
“The decision by Elliott Advisors to withdraw bid interest in Currys doesn’t mean the target is no longer in play,” AJ Bell’s Russ Mould commented.
Morocco’s ministerial committee upholding the environmental approval for Emmerson plc’s potash project and referring it back to the original body, CRUI, is another step forward believes Liberum.
“In our view, this is a positive development, if second prize to outright approval, in that it allows Khemisset to move forward,” said the broker.
Admiral Group Plc (LSE:ADM) was top of the FTSE 100 leaderboard on a day when most of the index was in the red, bouncing back from a fall at the end of last week on the back of results.
While the share price reaction to Admiral’s results was muted on Thursday, with the shares down around 2%, analysts at Berenbery said there were "plenty of reasons to be very optimistic about the outlook", and raised its share price target as a result.
Union Jack Oil’s Andrews-1-17 well at the West Bowlegs prospect in Oklahoma, is a low-risk well with an estimated 75% geological chance of success, notes house broker Shore Capital.
Andrews-1-17’s targeted objective is the Hunton Limestone, which Union Jack has reported is covered by recently acquired proprietary 3D seismic data and is one of Oklahoma’s leading producing reservoirs.
Dowlais' rather dowdy performance since splitting from Melrose is not justified for such a market-leading business, according to RBC.
It is the renamed auto arm of GKN, the aerospace bits stayed with Melrose, and its shares are down 19% year-to-date compared to a 12% rise for its European peers.
JP Morgan has spotlighted Smith & Nephew PLC (LSE:SN) for its revenue acceleration and margin expansion potential, setting a price target of 1,300p - a 21% premium to the current stock price.
Despite investor scepticism, the bank has added S&N to its Analyst Focus List (AFL), highlighting its attractive risk-reward profile in the healthcare sector.
RBC Capital has upgraded its recommendation on shares in Marks & Spencer Group to 'overweight' from 'sector perform', raising its price target by 15p to 300p at the same time.
It reflects a more optimistic view of M&S’s future growth prospects, despite a 17% drop in share price from recent highs due to concerns over the UK consumer and cost outlook.
Investment bank Liberum was bullish on the prospects for AFC Energy PLC (AIM:AFC, OTC:AFGYF) in the wake of an 'important milestone' for the hydrogen power pioneer.
Earlier investors were told AFC had completed the factory acceptance test (FAT) of its first 'state-of-the-art' 30kW H-Power generator.
Gold has continued to hit record highs despite several headwinds and UBS expects the price to see a pullback in the near term and then rally to further new records later in the year.
The Swiss bank sees gold being supported by several trends.
British-focussed individual savings accounts (ISAs) are unlikely to provide a major boost to UK markets, CitiGroup analysts have warned.
Though the introduction of the savings accounts, unveiled by Chancellor Jeremy Hunt in last week’s Spring Budget, will aim to encourage investment in UK companies, Citi said the actual benefits could be limited.