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Analysts’ ratings reiterations for Wednesday, May 14th:

Acta S.p.A (LON:ACTA) had its buy rating reissued by analysts at Cantor Fitzgerald Europe. They currently have a GBX 13 ($0.22) price target on the stock.

Admiral Group plc (LON:ADM) had its market perform rating reissued by analysts at Keefe, Bruyette & Woods. Keefe, Bruyette & Woods currently has a GBX 1,227 ($20.67) price target on the stock.

Aggreko plc (LON:AGK) had its buy rating reissued by analysts at Citigroup Inc.. The firm currently has a GBX 2,000 ($33.69) target price on the stock.

Atlas Iron Limited (ASX:AGO) had its buy rating reiterated by analysts at Hartley’s Research. Hartley’s Research currently has a $1.15 price target on the stock.

Aston Hill Financial (CVE:AHF) had its buy rating reaffirmed by analysts at Canaccord Genuity. Canaccord Genuity currently has a C$1.50 price target on the stock, down from their previous price target of C$1.60.

Apr Energy PLC (LON:APR) had its buy rating reaffirmed by analysts at Citigroup Inc.. Citigroup Inc. currently has a GBX 1,350 ($22.74) price target on the stock.

Aviva plc (LON:AV) had its buy rating reiterated by analysts at Societe Generale. Societe Generale currently has a GBX 580 ($9.77) price target on the stock.

AstraZeneca plc (LON:AZN) had its buy rating reissued by analysts at Citigroup Inc.. The firm currently has a GBX 4,900 ($82.53) target price on the stock.

AstraZeneca plc (LON:AZN) had its neutral rating reiterated by analysts at Bryan Garnier & Cie. They currently have a GBX 4,230 ($71.25) price target on the stock.

British Land Company PLC (LON:BLND) had its hold rating reissued by analysts at Societe Generale. Societe Generale currently has a GBX 690 ($11.62) price target on the stock.

BHP Billiton plc (LON:BLT) had its outperform rating reissued by analysts at RBC Capital. The firm currently has a GBX 2,100 ($35.37) target price on the stock.

Booker Group Plc (LON:BOK) had its overweight rating reiterated by analysts at JPMorgan Chase & Co.. JPMorgan Chase & Co. currently has a GBX 195 ($3.28) target price on the stock.

Borders & Southern Petroleum Plc (LON:BOR) had its sell rating reaffirmed by analysts at Westhouse Securities. Westhouse Securities currently has a GBX 3.14 ($0.05) price target on the stock.

Borders & Southern Petroleum Plc (LON:BOR) had its buy rating reiterated by analysts at Panmure Gordon. They currently have a GBX 68 ($1.15) target price on the stock.

British Sky Broadcasting Group plc (LON:BSY) had its outperform rating reissued by analysts at BNP Paribas. The firm currently has a GBX 985 ($16.59) price target on the stock.

Britvic Plc (LON:BVIC) had its hold rating reiterated by analysts at Societe Generale. Societe Generale currently has a GBX 690 ($11.62) price target on the stock.

Capital & Counties Properties PLC (LON:CAPC) had its hold rating reaffirmed by analysts at Cantor Fitzgerald Europe. They currently have a GBX 300 ($5.05) target price on the stock.

Coca Cola HBC AG (LON:CCH) had its neutral rating reaffirmed by analysts at Credit Suisse. Credit Suisse currently has a GBX 1,500 ($25.27) price target on the stock.

Catlin Group Limited (LON:CGL) had its overweight rating reiterated by analysts at JPMorgan Chase & Co.. The firm currently has a GBX 580 ($9.77) price target on the stock.

Catlin Group Limited (LON:CGL) had its buy rating reissued by analysts at Espirito Santo Investment Bank Research. The firm currently has a GBX 610 ($10.27) price target on the stock.

China Rerun Chemical Group (LON:CHRR) had its speculative buy rating reissued by analysts at Beaufort Securities.

Cape PLC (LON:CIU) had its add rating reissued by analysts at Investec. They currently have a GBX 325 ($5.47) target price on the stock.

Cape PLC (LON:CIU) had its hold rating reaffirmed by analysts at Numis Securities Ltd. The firm currently has a GBX 310 ($5.22) target price on the stock.

Centrica PLC (LON:CNA) had its neutral rating reaffirmed by analysts at Citigroup Inc.. They currently have a GBX 340 ($5.73) target price on the stock.

Compass Group plc (LON:CPG) had its buy rating reiterated by analysts at Societe Generale. Societe Generale currently has a GBX 1,090 ($18.36) price target on the stock.

Compass Group plc (LON:CPG) had its buy rating reaffirmed by analysts at Investec. The firm currently has a GBX 1,050 ($17.69) price target on the stock.

Compass Group plc (LON:CPG) had its buy rating reissued by analysts at Panmure Gordon. The firm currently has a GBX 1,100 ($18.53) target price on the stock.

Compass Group plc (LON:CPG) had its hold rating reiterated by analysts at Numis Securities Ltd. They currently have a GBX 900 ($15.16) price target on the stock.

Croda International Plc (LON:CRDA) had its overweight rating reissued by analysts at HSBC. The firm currently has a GBX 2,800 ($47.16) target price on the stock.

Dialight Plc (LON:DIA) had its hold rating reaffirmed by analysts at Kempen & Co. The firm currently has a GBX 700 ($11.79) price target on the stock.

Daily Mail and General Trust plc (LON:DMGT) had its buy rating reissued by analysts at Numis Securities Ltd. Numis Securities Ltd currently has a GBX 1,180 ($19.88) price target on the stock.

Datatec Ltd. (UK) (LON:DTC) had its corporate rating reissued by analysts at FinnCap. They currently have a GBX 430 ($7.24) price target on the stock.

easyJet plc (LON:EZJ) had its underweight rating reaffirmed by analysts at HSBC. HSBC currently has a GBX 1,600 ($26.95) target price on the stock.

easyJet plc (LON:EZJ) had its neutral rating reiterated by analysts at RBC Capital. RBC Capital currently has a GBX 1,800 ($30.32) target price on the stock.

Fox Marble Holdings PLC (LON:FOX) had its speculative buy rating reiterated by analysts at Beaufort Securities.

Galliford Try plc (LON:GFRD) had its overweight rating reiterated by analysts at HSBC. The firm currently has a GBX 1,595 ($26.87) target price on the stock.

Gulf Keystone Petroleum Limited (LON:GKP) had its buy rating reiterated by analysts at Cantor Fitzgerald Europe. Cantor Fitzgerald Europe currently has a GBX 154 ($2.59) target price on the stock.

GVC Holdings PLC (LON:GVC) had its buy rating reiterated by analysts at Daniel Stewart & Co. The firm currently has a GBX 476 ($8.02) price target on the stock.

Halfords Group plc (LON:HFD) had its buy rating reaffirmed by analysts at Investec. Investec currently has a GBX 520 ($8.76) target price on the stock.

Hilton Food Group plc (LON:HFG) had its buy rating reissued by analysts at Panmure Gordon. They currently have a GBX 600 ($10.11) target price on the stock.

Hikma Pharmaceuticals Plc (LON:HIK) had its buy rating reissued by analysts at Citigroup Inc.. The firm currently has a GBX 1,800 ($30.32) price target on the stock.

Hill & Smith Holdings PLC (LON:HILS) had its buy rating reiterated by analysts at N+1 Singer. They currently have a GBX 589 ($9.92) price target on the stock.

Hill & Smith Holdings PLC (LON:HILS) had its buy rating reaffirmed by analysts at N 1 Singer. The firm currently has a GBX 589 ($9.92) price target on the stock.

ICAP plc (LON:IAP) had its sell rating reaffirmed by analysts at Espirito Santo Investment Bank Research. They currently have a GBX 335 ($5.64) price target on the stock.

Imdex Limited (ASX:IMD) had its neutral rating reiterated by analysts at Hartley’s Research.

ITE Group plc (LON:ITE) had its buy rating reaffirmed by analysts at Numis Securities Ltd. Numis Securities Ltd currently has a GBX 330 ($5.56) price target on the stock.

Johnson Matthey PLC (LON:JMAT) had its hold rating reissued by analysts at Kempen & Co. Kempen & Co currently has a GBX 2,850 ($48.00) target price on the stock.

Lookers PLC (LON:LOOK) had its buy rating reiterated by analysts at Numis Securities Ltd. They currently have a GBX 175 ($2.95) target price on the stock.

London Stock Exchange Group Plc (LON:LSE) had its outperform rating reissued by analysts at RBC Capital. The firm currently has a GBX 1,950 ($32.84) target price on the stock.

Magnolia Petroleum Plc (LON:MAGP) had its buy rating reissued by analysts at Northland Securities.

Mondi Plc (LON:MNDI) had its buy rating reissued by analysts at Jefferies Group. They currently have a GBX 1,275 ($21.48) target price on the stock.

Mondi Plc (LON:MNDI) had its outperform rating reissued by analysts at Credit Suisse. Credit Suisse currently has a GBX 1,310 ($22.07) target price on the stock.

Mondi Plc (LON:MNDI) had its buy rating reiterated by analysts at Goodbody Stockbrokers Ltd.

Merchants Trust plc (LON:MRCH) had its neutral rating reiterated by analysts at Edison Group. The analysts wrote, “Executive Interview with Simon Gergel of Allianz Global Investors, who manages The Merchants Trust (MRCH).



The Merchants Trust (MRCH) gives investors exposure to UK companies providing an above-average yield, drawn mainly from the blue chip FTSE 100 index (70%), using gearing to enhance returns. The trust’s objective is to deliver a high and rising income from a relatively focused portfolio of companies, and it has recently raised its dividend for the 32nd year in a row. By combining analysis of company fundamentals, valuation and the dynamic environment, the manager aims to identify good companies that are attractively valued and well positioned for the future.



Simon Gergel of Allianz Global Investors has managed Merchants since 2006. In this interview he explains why he believes the best opportunities in the UK stock market at present may be found in the very largest companies that have lagged the market as medium-sized stocks have outperformed, as well as in recovery situations where the market is too focused on short-term risks to appreciate the longer-term growth potential. He also explains how the investment trust structure allows managers to build long records of uninterrupted dividend growth by reserving income in good years that can be used to maintain dividends in less favourable conditions.



https://vimeo.com/93605072



http://www.edisoninvestmentresearch.com/edison-tv/clip/executive-interview-the-merchants-trust

Microsoft (NASDAQ:MSFT) had its average rating reaffirmed by analysts at Benchmark Co.. The analysts wrote, “Read this excerpt from a study that made the rounds earlier this month. And then dig a grave in your backyard next to your kid’s dead hamster for Microsoft (MSFT):
Also today, SoftWatch is releasing its benchmark study which analyzes real usage of Microsoft (MS) Office in dozens of enterprises comprising over 150,000 total users. The benchmark shows that on average an employee only spends 48 minutes a day on MS Office applications, most of it on Outlook for email. It also reveals high numbers of inactive users in the organizations; in particular PowerPoint was not being used at all by half of the employees. In addition, most of the users of the other applications used them primarily for viewing and light editing purposes, with only a small number of heavy users: 2% in PowerPoint, 9% in Word and 19% in Excel.
These results are in line with what industry analysts have stated that companies overspend on licenses that are not being used … by transitioning light users from MS Office to Google Apps, companies can save up to 90% on their Microsoft licensing fees. (emphasis added)
That’s a study conducted by an Israeli firm called SoftWatch. And it represents the writing on the wall.
I’m not going to say much more here. Because not much more needs to be said. I’ve already made the case that the one thing that keeps the charade alive for Microsoft an entrenched consumer and enterprise installed base for Office is hanging by a thread. Here’s a background article With or Without Apple, Google Will Crush Microsoft that includes links to even more background.

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I made the call on this a couple of years ago. Google (GOOG), and if it wants to, Apple (AAPL) will eventually put Microsoft, for all intents and purposes, out of business. There’s no passion for Microsoft software among employees and recreational users. No loyalty. No excitement. In fact, it’s just the opposite. There’s angst, disdain and a sense of inconvenience … of going through the motions and using these unwieldy and uninspiring products simply because they’re there. As better solutions such as Google’s suite and Apple’s (hopefully) improving options become more heavily promoted and known, more individuals and businesses will do what needs to be done to unwind from Microsoft.”

Newcrest Mining Limited (ASX:NCM) had its sell rating reissued by analysts at Deutsche Bank.

National Express Group PLC (LON:NEX) had its neutral rating reaffirmed by analysts at JPMorgan Chase & Co.. They currently have a GBX 290 ($4.88) price target on the stock.

National Grid plc (LON:NG) had its neutral rating reaffirmed by analysts at Citigroup Inc.. Citigroup Inc. currently has a GBX 820 ($13.81) price target on the stock.

National Grid plc (LON:NG) had its sell rating reiterated by analysts at Whitman Howard. The firm currently has a GBX 734 ($12.36) target price on the stock.

Novae Group Plc (LON:NVA) had its buy rating reissued by analysts at Canaccord Genuity. The firm currently has a GBX 645 ($10.86) target price on the stock.

Novae Group Plc (LON:NVA) had its neutral rating reiterated by analysts at Espirito Santo Investment Bank Research. Espirito Santo Investment Bank Research currently has a GBX 573 ($9.65) target price on the stock.

Old Mutual plc (LON:OML) had its overweight rating reissued by analysts at JPMorgan Chase & Co.. JPMorgan Chase & Co. currently has a GBX 223 ($3.76) target price on the stock.

Premier Oil PLC (LON:PMO) had its neutral rating reaffirmed by analysts at Westhouse Securities. Westhouse Securities currently has a GBX 320 ($5.39) price target on the stock.

Premier Oil PLC (LON:PMO) had its buy rating reiterated by analysts at Deutsche Bank. The firm currently has a GBX 500 ($8.42) target price on the stock.

Premier Oil PLC (LON:PMO) had its buy rating reaffirmed by analysts at Goodbody Stockbrokers Ltd. Goodbody Stockbrokers Ltd currently has a GBX 440 ($7.41) price target on the stock.

Pennon Group plc (LON:PNN) had its buy rating reiterated by analysts at Citigroup Inc.. Citigroup Inc. currently has a GBX 780 ($13.14) price target on the stock.

Premier African Minerals (LON:PREM) had its speculative buy rating reaffirmed by analysts at Beaufort Securities.

Prudential plc (LON:PRU) had its overweight rating reissued by analysts at Barclays.

QinetiQ Group plc (LON:QQ) had its buy rating reiterated by analysts at Canaccord Genuity. The firm currently has a GBX 225 ($3.79) target price on the stock.

Rathbone Brothers plc (LON:RAT) had its buy rating reiterated by analysts at Canaccord Genuity. They currently have a GBX 2,160 ($36.38) target price on the stock.

RBS (LON:RBS) had its neutral rating reaffirmed by analysts at Mediobanca SpA. They currently have a GBX 330 ($5.56) price target on the stock.

Rotork p.l.c. (LON:ROR) had its buy rating reaffirmed by analysts at Berenberg Bank. They currently have a GBX 2,890 ($48.68) target price on the stock.

Renishaw plc (LON:RSW) had its hold rating reissued by analysts at Investec. Investec currently has a GBX 1,940 ($32.68) target price on the stock.

Renishaw plc (LON:RSW) had its hold rating reaffirmed by analysts at N+1 Singer. N+1 Singer currently has a GBX 1,675 ($28.21) target price on the stock.

Renishaw plc (LON:RSW) had its hold rating reaffirmed by analysts at N 1 Singer. N 1 Singer currently has a GBX 1,675 ($28.21) target price on the stock.

Servelec Group PLC (LON:SERV) had its buy rating reiterated by analysts at Investec. They currently have a GBX 310 ($5.22) target price on the stock.

Smiths Group plc (LON:SMIN) had its buy rating reissued by analysts at Berenberg Bank. They currently have a GBX 1,485 ($25.01) target price on the stock.

StatPro Group PLC (LON:SOG) had its buy rating reissued by analysts at Panmure Gordon. They currently have a GBX 119 ($2.00) price target on the stock.

Sinclair IS Pharma PLC (LON:SPH) had its buy rating reaffirmed by analysts at N 1 Singer. The firm currently has a GBX 40 ($0.67) target price on the stock.

Sinclair IS Pharma PLC (LON:SPH) had its buy rating reiterated by analysts at FinnCap. They currently have a GBX 43 ($0.72) price target on the stock.

Sinclair IS Pharma PLC (LON:SPH) had its buy rating reiterated by analysts at N+1 Singer. The firm currently has a GBX 40 ($0.67) price target on the stock.

Serabi Mining Plc (LON:SRB) had its buy rating reaffirmed by analysts at Sanlam Securities. They currently have a GBX 10 ($0.17) price target on the stock.

Sse Plc (LON:SSE) had its sell rating reaffirmed by analysts at Citigroup Inc.. Citigroup Inc. currently has a GBX 1,270 ($21.39) price target on the stock.

Stellar Diamonds PLC (LON:STEL) had its buy rating reiterated by analysts at Daniel Stewart & Co. They currently have a GBX 5 ($0.08) price target on the stock.

Severn Trent Plc (LON:SVT) had its neutral rating reissued by analysts at Citigroup Inc.. They currently have a GBX 1,750 ($29.48) price target on the stock.

TUI Travel PLC (LON:TT) had its neutral rating reissued by analysts at Credit Suisse. Credit Suisse currently has a GBX 420 ($7.07) price target on the stock.

TUI Travel PLC (LON:TT) had its neutral rating reissued by analysts at BNP Paribas. They currently have a GBX 410 ($6.91) price target on the stock.

Udg Healthcare PLC (LON:UDG) had its buy rating reiterated by analysts at Goodbody Stockbrokers Ltd.

Udg Healthcare PLC (LON:UDG) had its buy rating reissued by analysts at N 1 Singer. They currently have a GBX 410 ($6.91) price target on the stock.

Udg Healthcare PLC (LON:UDG) had its buy rating reiterated by analysts at N+1 Singer. N+1 Singer currently has a GBX 410 ($6.91) target price on the stock.

UTV Media plc (LON:UTV) had its buy rating reiterated by analysts at Goodbody Stockbrokers Ltd. Goodbody Stockbrokers Ltd currently has a GBX 300 ($5.05) price target on the stock.

United Utilities Group PLC (LON:UU) had its neutral rating reaffirmed by analysts at Citigroup Inc.. Citigroup Inc. currently has a GBX 700 ($11.79) price target on the stock.

Vernalis plc (LON:VER) had its buy rating reissued by analysts at Canaccord Genuity. They currently have a GBX 52 ($0.88) target price on the stock.

The Weir Group PLC (LON:WEIR) had its hold rating reiterated by analysts at Berenberg Bank. They currently have a GBX 2,615 ($44.05) price target on the stock.

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