Britvic: Berenberg upgrades to buy with a target price of 900p.
Personal care and cleaning products manufacturer McBride was under the cosh on Monday as it said full-year earnings would be broadly in line with the prior year while operating profit for the first six months of the year will below the board's expectations.
McBride reported a drop in first-quarter revenue on Tuesday but said it remains on track to meet expectations for the full year, which it reiterated would be weighted towards the second half.
McBride has agreed to buy Danish auto dishwasher and laundry products supplier Danlind for a £10.8m consideration and the assumption of around £28m of net debt.
McBride said on Tuesday that adjusted operating profit for the full year is forecast to be in line with expectations after trading conditions in the second half remained challenging, as expected.
John Menzies: Berenberg starts coverage at buy with a target price of 660p.
McBride´s change of strategy is paying off in terms of its cost base and margins but it is nevertheless facing headwinds, The Times´s Tempus said.
Mcbride, a European manufacturer and supplier of co-manufactured private label products, is getting close to achieving its targets for adjusted operating margin and return on capital employed (ROCE).
Household and personal care manufacturer McBride said its adjusted operating profit for the year will be slightly ahead of previous expectations but it cannot not determine the long-term effects of Brexit.
Moneysupermarket.com Group was upgraded to a 'buy' rating from 'hold' but had its target price cut to 325p from 352p on Monday by Canaccord Genuity ahead of the company's trading update later in the week.
Depending on whether the UK finally decided to 'Remain' or 'Leave' then different London-listed securities were likelier to 'outperform' their respective sectors, Liberum said.
Standard Chartered: UBS reiterates neutral with a target price of 510p, JP Morgan stays at overweight, 725p target and Morgan Stanley keeps at underweight with a target price of 370p.
Now might be the right time to sell Persimmon shares, said the Sunday Times' Inside the City column, with a trading update due on Thursday. Investors in the house builder have seen the price triple in the last three years and received £800m in dividends. Persimmon was one of three residential builders to figure in the top ten FTSE 100 price risers over the year, and one of four sector-mates in the blue chip index, which is unprecedented and hints at a bubble.
Rotork was in the red again on Friday, having fallen sharply the day before on the back of a profit warning, as analysts at Nomura and RBC Capital Markets downgraded their ratings on the stock.
Household products supplier McBride said it benefited from growth in Germany as it reported group revenues for the year to 30 June rose 0.3%.
UK stocks declined on Monday morning on a quiet day for economic data, with investors still showing caution following a volatile week for markets last week.
Consumer goods maker McBride hailed a solid start to the year and said it was trading in line with hopes.
Steer clear of McBride. The private label household products outfit yesterday announced the exit from unprofitable product lines in the contract space, where it makes products for the likes of Procter&Gamble and Unilever. That will send contract revenues plummeting by 20% in the year to the end of June. On a more positive note, its own-label products saw flat revenues in the first three months of the year, as encouraging growth in the likes of France, Germany and Poland offset weakness in the UK.
Shore Capital has downgraded its profit forecasts for McBride after the own-label household goods maker announced extra costs as part of a shake-up.
Private label household goods manufacturer McBride is cutting 400 jobs as part of a shake-up in response to weak UK retail trading.