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first_imgThursday 12 August 2010 7:34 pm INTERSERVEUBS downgrades Interserve to “sell” from “neutral” with an 180p price target warning it faces “serious headwinds” going forward. Expects significant revenue drop in UK construction of 32 per cent from peak to trough resulting in an 85 per cent fall in divisional profit. Believes support services margin pressure will also persist.INGDeutsche Bank reiterates its “buy” rating on ING saying its second quarter results indicate it is back on track towards normality. Says its ability to generate “substantial” amounts of capital organically is “abundantly clear”, yet says the shares’ valuation does not reflect this noting it currently trades at 0.7 times net asset value.PREMIER FOODSRBS reiterates its “Buy” rating on Premier Foods saying its current valuation of four times price to earnings ratio for 2010 is unjustified. Notes its first half results beat market expectations yet the shares have failed to react accordingly. Believes that the shares could double in value between the next 12 to 18 months. Share Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot KCS-content whatsapp whatsapp Show Comments ▼ BEST OF THE BROKERS Tags: NULLlast_img

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