Many upgrades analyst helped stocks shake off dismal tone caused by industrial production growth slowed to its lowest level in 17 months.
In the FTSE 100 index registered a three-month high after Severn Trent and the organization of public utilities were transferred to “outperform” rating with a new target price of £21 and 850p respectively.
The Bank offered a “rush” for water, both of which were in the TOP of the FTSE 100 lifts per day (up to 49 pennies to $ 19.89 and 12P to 755p, respectively) on the blue-chip index. He said that although the industry was in the crosshairs of re-nationalization of the labour party in recent times, once considered, in his opinion, at least £88bn cost of such a policy made it very unlikely.
Providing services of catering firm Compass have also been upgraded Jeffries from “hold” to “buy” with a £17.50 price target, helping him to rise 11p to £15.71.
The broker showed a study which showed that between 2008-2013, the Compass was able to return 87pc of cost inflation by raising prices, he said, that stands him in good stead in the current environment. In parallel, the price of BP shares hit eight-year high at 547.7 p (up to 9.7 g) and the online takeaway business just eat up 31.6 p at 805.4 p as it impressed the market with its 400 million people in the UK, the FTSE 100 was up 11 points to hit 7,520.
The FTSE 100 in the short term
In the FTSE 250, the updates were also prevalent with peel Hunt raising its target price on the Internet-supermarket supermarket from 570p to 610p. The broker said that if Sainsbury-Asda merger is approved, the new three grocery stores will participate in the bitter brick and mortar of the war to provide for their future.
Peel hunt argues that the supermarket, which rose 17p to 555.4 p, can “seize the moment” and believes small food stores such as Marks & Spencer and the co-op can be viewed online only for the player more attractive in the face of three, not four major competitors.
It was another good day for sir Richard Branson’s banking venture virgin money, which rose 18P to 296.7 p identifying 10pcs increase in mortgage balances, despite the difficult conditions in the housing market.
Gold exploration firms and shone with AIM-listed Golden Crust shares up 3P, or nearly a quarter, to 15.5 p after positive results on two of its sites in Mali.
This is not good news for the British American tobacco although after broker Piper today lowered the rating to “neutral” from “overweight”, knocking down 99 points from their shares in £39. He says that the momentum of the bat Glos heated pipe tobacco in Japan appears to be slowing, the decision to spend about £500 million this year on so-called “new generation products” can be a drag. Piper jaffray also noted that trends in cigarette sales in the US declined with the bat was bought by Reynolds American in $$ 49 billion (36 billion£) deal that created the world’s largest tobacco company.