Apr Energy: Jefferies upgrades to hold, raises target price to 175.00p.
Shares in APR Energy shot higher on Monday as the company confirmed that it is in discussions with a possible consortium comprising Fairfax Financial Holdings Limited, ACON Investments and Albright Capital Management LLC regarding a possible offer.
Shares in APR Energy fell after the temporary power company said it expected to book higher costs on its project in Angola.
APR Energy has entered the Egyptian market having signed a contract worth $30m for the supply of gas turbine power.
Shares in APR Energy plunged 28% on Tuesday after the company said it expects its 2015 full-year results to be significantly below market expectations, pointing to the higher-than-expected costs of exiting Libya and unfavourable foreign exchange rates, particularly in Australia and Indonesia.
Shares in APR Energy fizzled lower on Friday morning after the power solutions provider issued a profit warning.
Afren: Credit Suisse lowers target price from 132p to 115p staying with its outperform rating.
Betting and gaming software provider Playtech's first half results showed the company is firing on almost all cylinders, but much is already baked into the share price, writes The Times's Tempus. Sales at its casino division rose by 29%, driven by multiple customer wins in various territories, accompanied by a 35% increase at its sports business. However, the expansion in the latter was flattered by the World Cup and is not a sustainable rate of growth. Bingo and poker on the other hand are facing stiff competition.
APR Energy: Goldman Sachs reduces target price from 1165p to 1039p, while upgrading to buy.
Engineering outfit GKN is continuing to do well in its core aerospace and automotive markets despite the negative impact of recent movements in foreign exchange markets. The company lost £24m in reported profits during the first six months of the year. Those headwinds are set to continue in the latter half of the year but will eventually drop out. The outlook for its Land systems division however, which mainly sells agricultural equipment, is less rosy. It will do worse than had been expected this year.
Anglo American: Deutsche Bank increases target price from 1590p to 1650p and reiterates a hold recommendation. Investec raises target price from 1630p to 1760p and keeps a hold recommendation.
Admiral Group: Goldman Sachs downgrades from buy to neutral with a target price of 1440p.
APR Energy: Liberum Capital reduces target price from 735p to 385p and stays with its sell recommendation.
APR Energy: Citi reduces target price from 1350p to 650p and downgrades to neutral.
African Minerals: Citi reduces target price from 260p to 190p, while leaving its buy recommendation unchanged.
Alent: UBS lowers target price from 360p to 355p and keeps a buy recommendation.
Aberdeen Asset Management: Credit Suisse reduces target price from 470p to 415p maintaining a neutral rating.
Aberdeen Asset Management: Citi reduces target price from 455p to 390p and stays with its neutral rating.
Mobile generator supplier APR Energy posted a 16 per cent jump in full-year revenue on the back of what the group described as strong operating and financial growth.
Temporary power provider APR Energy has landed a mobile gas turbine contract to provide fast-track power to an industrial customer in the South Pacific.