African Barrick Gold: JP Morgan cuts target price from 290p to 200p, while leaving its underweight rating rating unchanged. Fox Davies reduces target price from 353p to 315p and maintains a hold rating. Westhouse Securities lowers target price from 195p to 180p retaining a neutral rating.
Wednesday broker round-up UPDATE
Date: Wednesday 17 Apr 2013
African Barrick Gold: Deutsche Bank cuts target price from 230p to 173p, while its hold recommendation is reiterated.
Wednesday tips round-up: Michael Page, IPF, Rio Tinto
Date: Wednesday 17 Apr 2013
Judging from the trading statements out over the last week or so The Times´s Tempus believes that it is too soon to buy the recruiters. For if those are any indication of the state of the economy then it would seem that any sustained global recovery is still some way away. That holds after yesterday´s statement from Michael Page International and the tell-tale (and commonplace) weakness seen in some Continental European markets and Australia. Add to that the fact that its shares trade at 20 times this year´s earnings and you have the explanation for Tempus´s wariness.