Europe Research Roundup: Essity, Ferguson, Metro Bank

Guerbet SA

27/03/2019 07:02

March 27 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Essity, Ferguson and Metro Bank on Wednesday. 
    
  HIGHLIGHTS  
     * Barry Callebaut AG  BARN.S : Goldman Sachs raises to buy from neutral
     * Essity AB (Publ)  ESSITYb.ST : JP Morgan raises target price to SEK 300 from SEK 270
     * Ferguson Plc  FERG.L : JP Morgan raises to overweight from neutral
     * Metro Bank Plc  MTRO.L : Morgan Stanley cuts target price to 920p from 1350p
     * Pets at Home Group Plc  PETSP.L : Citigroup raises rating to buy
     
Following is a summary of research actions on European companies reported by Reuters on
Wednesday. Stock entries are in alphabetical order.       
        
     * 2Crsi SA  2CRSI.PA : Portzamparc cuts target price to EUR 12.4 from EUR 12.7; rating buy
     * Aggreko  AGGK.L :Credit Suisse assumes coverage with neutral rating; 750p vs 800p target
     * Bang & Olufsen  BO.CO : Danske Bank cuts TP to DKK 85 from DKK 150; maintains buy rating
     * Barry Callebaut AG  BARN.S : Goldman Sachs raises to buy from neutral
     * BNP Paribas  BNPP.PA : Credit Suisse cuts price target to EUR 47 from EUR 48
     * Bureau Veritas  BVI.PA : RBC initiates with sector perform rating; EUR 20 price target
     * Carnival Plc  CCL.L : UBS cuts price target to 5500p from 6000p
     * Cineworld Group Plc  CINE.L : Canaccord Genuity raises target price to 355p from 350p
     * Deutsche Wohnen SE  DWNG.DE : Independent Research raises TP to EUR 46 from EUR 44;hold
     * EDF  EDF.PA : Kepler Cheuvreux cuts target price to 11.9 euros from 12.5 euros
     * EDP  EDP.LS : Credit Suisse raises target price to EUR 4 from EUR 3.60
     * Ekinops SA  EKI.PA : Kepler Cheuvreux raises target price to 5.5 euros from 4.4 euros
     * Enagas  ENAG.MC : SocGen cuts to sell from hold; cuts target to EUR 19.50 from EUR 21.50
     * Enquest Plc  ENQ.L : Jefferies cuts target price to 15p from 18p
     * Essity AB (Publ)  ESSITYb.ST : JP Morgan raises target price to SEK 300 from SEK 270
     * Europcar Mobility Group  EUCAR.PA : Morgan Stanley cuts target to EUR 11 from EUR 12
     * Ferguson Plc  FERG.L : Barclays cuts target price to 6200p from 6700p
     * Ferguson Plc  FERG.L : CFRA cuts target price to 5600p from 5800p
     * Ferguson Plc  FERG.L : JP Morgan raises to overweight from neutral
     * Ferguson Plc  FERG.L : UBS cuts price target to 5050p from 5200p
     * Firestone Diamonds Plc  FDI.L : Berenberg cuts price target to 2p from 3p
     * Gem Diamonds Ltd  GEMD.L : Berenberg cuts to hold from buy; cuts target to 95p from 120p
     * Genfit SA  GNFT.PA : Portzamparc adjusts target price to EUR 61.2; rating buy
     * Greencoat Renewables Plc  GRPG.I : RBC raises price target to EUR 1.20 from EUR 1.10
     * Greencoat Renewables Plc  GRPG.I : RBC raises to outperform from sector perform
     * Guerbet  GRBT.PA : Portzamparc raises target price to EUR 56.7 from EUR 56.5; accumulate
     * Hammerson Plc  HMSO.L : HSBC cuts target price to 400p from 543p; rating buy
     * Hummingbird Resources Plc  HUMR.L : Canaccord Genuity raises target to 47p from 42p
     * Hunting Plc  HTG.L : Canaccord Genuity cuts target price to 650p from 775p
     * Hutchison China Meditech Ltd  HCM.L : HSBC initiates with buy rating; 5,940p target 
     * Inditex  ITX.MC : Jefferies cuts to hold from buy; cuts target to EUR 27 from EUR 32
     * Inmarsat Plc  ISA.L : CFRA raises target price to 550p from 450p
     * International Petroleum Corp  IPCOR.ST : Jefferies raises target to SEK 74 from SEK 70
     * Intertek Group Plc  ITRK.L : RBC cuts target price to 4,000p from 4,350p
     * J D Wetherspoon Plc  JDW.L : Canaccord Genuity raises target price to 1,300p from 1,220p
     * Kemira Oyj  KEMIRA.HE : HSBC raises target price to EUR 9.75 from EUR 9; rating reduce
     * Kinnevik  KINVb.ST : ABG Sundal Collier raises to buy from hold 
     * Kinnevik  KINVb.ST : ABG Sundal Collier raises target price to SEK 288 from SEK 258
     * Koninklijke Wessanen  BSWSc.AS : Kepler Cheuvreux cuts TP to 12.5 euros from 14.5 euros
     * Lundin Petroleum AB  LUPE.ST : Jefferies raises target price to SEK 360 from SEK 340
     * Medigene  MDG1k.DE : Independent Research cuts target to EUR 9.50 from EUR 10.00; hold
     * Metro Bank Plc  MTRO.L : Morgan Stanley cuts target price to 920p from 1350p
     * Metsa Board Oyj  METSB.HE : Inderes raises to increase from reduce; target EUR 6.25
     * Michelmersh Brick Holdings  MBH.L : Canaccord Genuity raises target to 103p from 102p
     * Munich Re  MUVGn.DE : UBS raises price target to 182 euros from 178 euros
     * Nanobiotix SA  NANOB.PA : Jefferies cuts target price to EUR 23 from EUR 25
     * Neste Oyj  NESTE.HE : Barclays raises target price to EUR 115 from EUR 95
     * Nordex SE Ndxg.De Independent Research raises TP to EUR 10.90 from EUR 8.30; rating sell
     * Petra Diamonds Ltd  PDL.L : Berenberg cuts target price to 22p from 30p
     * Pets at Home Group Plc  PETSP.L : Citigroup raises rating to buy
     * Porvair Plc  PORV.L : Stifel initiates coverage with buy rating and 610p target price
     * Quixant Plc  QXT.L : Berenberg cuts target price to 425p from 600p
     * Ren Redes Energeticas Nacionais RENE.LS :Morgan Stanley cuts TP to EUR2.50 from EUR2.70
     * Renishaw Plc  RSW.L : UBS cuts price target to 3423p from 3704p
     * Saga Plc  SAGAG.L : Peel Hunt cuts price target to 180p from 185p
     * Salzgitter AG  SZGG.DE : CFRA cuts target price to EUR 26 from EUR 28
     * Societe Generale  SOGN.PA : Credit Suisse cuts price target to EUR 26 from EUR 27
     * Sqli  SQLI.PA :Portzamparc cuts to accumulate from buy;cuts TP to EUR 24.0 from EUR 25.4
     * Technipfmc Plc  FTI.PA : Jefferies cuts target price to EUR 24 from EUR 29
     * Tecnicas Reunidas  TRE.MC : JP Morgan raises price target to EUR 29.50 from EUR 24.80
     * Tecnicas Reunidas  TRE.MC : JP Morgan raises to overweight from underweight
     * Veoneer Inc  VNEsdb.ST : Kepler Cheuvreux cuts target price to SEK 21 from SEK 24
     * Victoria Oil & Gas Plc  VOG.L : GMP cuts target price to 35p from 85p
     * Weir Group Plc  WEIR.L : Canaccord Genuity cuts target price to 1,800p from 1,850p
 
 (Compiled by Bengaluru Newsroom)
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