FTSE 100 movers: IAG, Beazley boosted by broker upgrades
Sharecast
Published Mar 31, 2023 16:04
FTSE 100 movers: IAG, Beazley boosted by broker upgrades
Sharecast - Insurer Beazley was a high riser after a double upgrade to ‘buy’ from ‘sell’ at UBS.
The bank said the balance sheet is in a stronger position than it expected, consensus earnings are now reset, and the shares are close to a 10-year low on price-to-earnings.
BA and Iberia owner IAG was also boosted by broker notes. Deutsche Bank (ETR:DBKGn) lifted its stance on the shares to ‘buy’ from ‘hold’, while Barclays (LON:BARC) upgraded it to ‘overweight’ from ‘equalweight’.
FTSE 100 - Risers
M&G (MNG) 199.60p 4.72%
Beazley (BEZ) 608.00p 3.93%
Pearson (LON:PSON) 840.00p 2.97%
International Consolidated Airlines Group (LON:ICAG) SA (CDI) (IAG) 152.00p 2.29%
Hiscox Limited (DI) (LON:HSX) 1,121.00p 2.05%
Rentokil Initial (LON:RTO) 592.00p 1.82%
BT Group (LON:BT.A) 146.65p 1.77%
Endeavour Mining (EDV (LON:EDV)) 2,008.00p 1.62%
Burberry Group (LON:BRBY) 2,579.00p 1.50%
Auto Trader Group (AUTO) 613.40p 1.42%
FTSE 100 - Fallers
Imperial Brands (LON:IMB) 1,879.00p -1.52%
Airtel Africa (AAF) 106.60p -1.20%
Prudential (LON:PRU) 1,102.00p -1.12%
HSBC Holdings (LON:HSBA) 550.50p -0.86%
Persimmon (LON:PSN) 1,260.00p -0.79%
Smurfit Kappa Group (CDI) (SKG) 2,919.00p -0.75%
Barratt Developments (LON:BDEV) 469.00p -0.72%
Glencore (LON:GLEN) 463.30p -0.71%
Taylor Wimpey (LON:TW.) 118.40p -0.67%
Fresnillo (LON:FRES) 743.20p -0.67%
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