TP ICAP logo

TCAP - TP ICAP News Story

346.9p 1.9  0.6%

Last Trade - 20/09/19

Sector
Financials
Size
Mid Cap
Market Cap £1.95bn
Enterprise Value £2.07bn
Revenue £1.78bn
Position in Universe 293rd / 1827

BUZZ-Top of the Street: TP ICAP, BMW, Adidas, GN Store Nord

Mon 6th August, 2018 11:57am
A round-up of notable broker activity this morning from Europe's
top-ranked* analysts:
    
    ** 5-star ranked Peel Hunt ups TP ICAP  TCAPI.L  to 'buy'
pointing to renewed focus on delivery of realistic cost saving
and investment  urn:newsml:reuters.com:*:nL5N1UX1IM
    ** JP Morgan finds BMW  BMWG.DE  "too cheap to ignore" and
raises co to 'neutral' seeing excellent business execution and
safe haven business model into H2
    ** Adidas AG  ADSGn.DE : Telsey Advisory Group cuts to
'market perform' on signs of slowing growth in North America and
as it expects co to modestly moderate its 2018 revenue growth
guidance
    ** Handelsbanken raises GN Store Nord  GN.CO  to
'accumulate' seeing more potential in the stock; brokerage still
believes that it's possible that GN Audio will surpass market
estimates
It cuts peer William Demant  WDH.CO  to 'reduce' on valuation
grounds adding that "it's time to take profit home after an
impressive price increase in 2018 (+82%)"
    ** Nordea cuts Danish pharma company Lundbeck  LUN.CO  to
'sell' seeing around 25% downside to its target price and the
risk of consensus estimate downgrades

INITIATIONS AND REINSTATEMENTS
    ** Goldman Sachs initiates wealth manager Quilter  QLT.L 
with 'buy' seeing potential for margin expansion as the group
grows in scale, optimising costs
JP Morgan starts coverage with 'neutral' saying co is geared to
structural trends in UK wealth market and keeping execution in
focus


    
(*Analyst rankings from Thomson Reuters StarMine. Scale is from
1-star to 5-star with 5 being best. Analysts ranked on earnings
accuracy as well as relative performance of recommendations over
trailing 12-month & 24-month periods.)


 ((daria.kowalewska@tr.com; nadiia.karpina@tr.com))
© Stockopedia 2019, Thomson Reuters, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.