Europe Research Roundup: BP, JD Sports Fashion, Ultra Electronics

Sparebank 1 Helgeland

13/12/2018 07:33

Dec 13 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including BP, JD Sports Fashion and Ultra Electronics, on Thursday. 
    
    HIGHLIGHTS
    
     * Boliden AB  BOL.ST : JP Morgan raises to neutral from underweight
     * BP Plc  BP.L : Jefferies cuts target price to 555p; rating hold
     * JD Sports Fashion Plc  JD.L : Credit Suisse starts with outperform rating
     * Ultra Electronics Holdings Plc  ULE.L : Barclays cuts to underweight from equal weight
     * XXL ASA  XXLA.OL : Credit Suisse cuts to neutral from outperform
      
Following is a summary of research actions on European companies reported by Reuters on
Thursday. Stock entries are in alphabetical order. 
    
    
     * Acacia Mining Plc  ACAA.L : JP Morgan cuts target price to 90p from 110p
     * Admiral Group Plc  ADML.L : Barclays cuts price target to 1998p from 2009p
     * Aker  BP : Pareto Securities cuts price target to NOK 300 from NOK 325, maintains buy
     * Anglo American Plc  AAL.L : JP Morgan raises target price to 2180p from 2040p
     * Antofagasta Plc  ANTO.L : Exane BNP Paribas raises price target to 940p from 910p
     * Antofagasta Plc  ANTO.L : Exane BNP Paribas raises rating to outperform
     * Antofagasta Plc  ANTO.L : JP Morgan raises target price to 840p from 700p
     * Antofagasta Plc  ANTO.L : Morgan Stanley raises target price to 900p from 800p
     * Antofagasta Plc  ANTO.L : RBC cuts target price to 830p from 880p
     * Arbonia AG  ARBNO.S : Helvea Baader Bank cuts price target to SFR 12 from SFR 18
     * Aviva Plc  AV.L : Barclays raises price target to 556p from 550p
     * Barratt Developments Plc  BDEV.L : UBS cuts price target to 630p from 665p
     * Bellway Plc  BWY.L : UBS cuts price target to 3,800p from 4,100p
     * Boliden AB  BOL.ST : JP Morgan raises target price to SEK 210 from SEK 200
     * Boliden AB  BOL.ST : JP Morgan raises to neutral from underweight
     * Boliden AB  BOL.ST : Morgan Stanley raises target price to SEK 230 from SEK 226
     * Bovis Homes Group Plc  BVS.L : UBS cuts price target to 860p from 1,090p
     * BP Plc  BP.L : Jefferies cuts target price to 555p; rating hold
     * Bunzl Plc  BNZL.L : HSBC raises target price to 2800p from 2550p; rating buy
     * Centamin Plc  CEY.L : Morgan Stanley raises target price to 130p from 125p
     * Credit Suisse Group AG  CSGN.S : Independent Research cuts TP to CHF 16.00; rating buy
     * Credit Suisse Group AG  CSGN.S : Kepler Cheuvreux cuts TP to SFR 19 from SFR 21
     * Crest Nicholson Holdings Plc  CRST.L : UBS cuts price target to 470p from 475p
     * Cybg Plc  CYBGC.L : Barclays cuts price target to 220p from 240p
     * Direct Line Insurance Group Plc  DLGD.L : Barclays cuts price target to 344p from 355p
     * Electrocomponents Plc  ECM.L : HSBC cuts target price to 550p from 800p; rating hold
     * Equinor  EQNR.OL : Pareto Securities cuts share price target to NOK 170 from NOK 300
     * Equinor  EQNR.OL : Pareto Securities cuts to sell from buy
     * Equinor ASA  EQNR.OL : Jefferies cuts target price to NOK 212; rating hold
     * Ferguson Plc  FERG.L : HSBC cuts target price to 6520p from 7750p; rating buy
     * Ferrexpo Plc  FXPO.L : JP Morgan raises target price to 240p from 230p
     * Fevertree Drinks Plc  FEVR.L : Deutsche Bank cuts price target to 2600p from 3000p
     * Fevertree Drinks Plc  FEVR.L : RBC cuts price target to 3600p from 4000p
     * Filtronic Plc  FTC.L : Panmure Gordon cuts price target to 7.6p from 24.2p
     * Fresnillo Plc  FRES.L : JP Morgan cuts target price to 1,150p from 1,200p
     * Galapagos NV  GLPG.AS : Credit Suisse raises target price to EUR 113 from EUR 90
     * Galapagos NV  GLPG.AS : Credit Suisse raises to outperform from neutral
     * Gem Diamonds Ltd  GEMD.L : JP Morgan cuts target price to 115p from 120p
     * Gjensidige Forsikring ASA  GJFS.OL : Barclays raises TP to NOK 132 from NOK 124
     * Glencore  GLEN.L : JP Morgan raises target price to 370p from 340p
     * Glencore  GLEN.L : RBC raises target price to 360p from 350p
     * Hastings Group Holdings Plc  HSTG.L : Barclays raises price target to 247p from 243p
     * Hastings Group Holdings Plc  HSTG.L : JP Morgan cuts TP to 250 STG from 260 STG
     * Helgeland Sparebank  HELG.OL : Kepler Cheuvreux cuts price target to NOK 77 from NOK 86
     * Hiscox Ltd  HSX.L : Barclays raises price target to 1435p from 1427p
     * Hochschild Mining Plc  HOCM.L : JP Morgan cuts target price to 145p from 175p
     * Hochschild Mining Plc  HOCM.L : RBC cuts target price to 245p from 255p
     * HSBC Holdings Plc  HSBA.L : Jefferies cuts price target to 850p from 950p
     * JD Sports Fashion Plc  JD.L : Credit Suisse starts with 454p target price
     * JD Sports Fashion Plc  JD.L : Credit Suisse starts with outperform rating
     * Kaz Minerals Plc  KAZ.L : Exane BNP Paribas cuts price target to 600p from 650p
     * Kaz Minerals Plc  KAZ.L : Exane BNP Paribas cuts rating to neutral
     * Kaz Minerals Plc  KAZ.L : Morgan Stanley raises target price to 540p from 500p
     * KGHM  KGH.WA : Morgan Stanley raises target price to PLN 80 from PLN 75
     * KOC Holding As  KCHOL.IS : HSBC cuts target price to TL 16 from TL 18.5; rating hold
     * Lancashire Holdings Ltd  LRE.L : Barclays cuts price target to 623p from 636p
     * Legal & General Group Plc  LGEN.L : Barclays raises price target to 332p from 317p
     * London stock Exchange Group Plc  LSE.L : Morgan Stanley cuts TP to 4,790p from 5,080p
     * Marshalls Plc  MSLH.L : Canaccord Genuity raises price target to 500p from 495p
     * Norsk Hydro ASA  NHY.OL : JP Morgan cuts target price to NOK 40 from NOK 45
     * Norsk Hydro ASA  NHY.OL : Morgan Stanley cuts target price to NOK 52 from NOK 55
     * Orsted A/S  ORSTED.CO : BAML resumes coverage with rating buy; target price DKK 540
     * Persimmon Plc  PSN.L : UBS cuts price target to 2,650p from 2,900p
     * Petra Diamonds Ltd  PDL.L : JP Morgan cuts target price to 40p from 45p
     * Petra Diamonds Ltd  PDL.L : RBC raises target price to 65p from 60p
     * Phoenix Group Holdings  PHNX.L : Barclays cuts price target to 680p from 688p
     * Prudential Plc  PRU.L : Barclays cuts price target to 2104p from 2163p
     * Purplebricks Group Plc  PURP.L : Peel Hunt cuts target price to 320p from 440p
     * Redrow Plc  RDW.L : UBS cuts price target to 745p from 765p
     * Rio Tinto Plc  RIO.L : Morgan Stanley raises target price to 4300p from 3900p
     * Rio Tinto Plc  RIO.L : RBC cuts target price to 3100p from 3200p
     * RSA Insurance Group Plc  RSA.L : Barclays cuts price target to 597p from 611p
     * Sabre Insurance Group Plc  SBRE.L : Barclays cuts to equal weight from overweight
     * Sabre Insurance Group Plc  SBRE.L : Barclays raises price target to 295p from 288p
     * Soco International Plc  SIA.L : RBC cuts price target to 110p from 125p
     * Spire Healthcare Group Plc  SPI.L : JP Morgan cuts target price to 146p from 256p
     * SSAB AB  SSABa.ST : Morgan Stanley cuts target price to SEK 52 from SEK 56
     * Swiss Re AG  SRENH.S : Barclays raises price target to SFR 101.7 from SFR 99.1
     * Taylor Wimpey Plc  TW.L : UBS cuts price target to 190p from 213p
     * Topdanmark  TOP.CO : Barclays raises price target to DKK 314 from DKK 295
     * Tryg  TRYG.CO : Barclays raises price target to DKK 167 from DKK 164
     * Ultra Electronics Holdings Plc  ULE.L : Barclays cuts price target to 1120p from 1460p
     * Ultra Electronics Holdings Plc  ULE.L : Barclays cuts to underweight from equal weight
     * Volvo AB  VOLVb.ST : Kepler Cheuvreux cuts price target to SEK 140 from SEK 150
     * WPP Plc  WPP.L : BofA Merrill raises price objective to 900p from 850p
     * WPP Plc  WPP.L : BofA Merrill raises to neutral from underperform
     * XXL ASA  XXLA.OL : Credit Suisse cuts target price to NOK 44 from NOK 70
     * XXL ASA  XXLA.OL : Credit Suisse cuts to neutral from outperform
 

 (Compiled by Bengaluru Newsroom)
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