Aurel Leven reiterated its recommendation on the title of veteran Cap Gemini, indicating a price target to 41 euros, compared to the previous 55 euro. Also cut earnings per share -0.17 euro against 1, 24 euro. The French analysts predicting sales for the second quarter, to 1.765 billion euros, down 21% over the same period last year. In light of these estimates, Aurel Leven believes that opportunities for growth are very limited in the short term. Furthermore, the weak U.S. dollar also reduces the growth of the business to Cap Gemini on American soil, where it currently generates 33% of total turnover. EBIT expected by analysts was revised downwards from 3.5% to -0.5%.
Tag-Archive for ◊ Oil ◊
The Bank HSBC business has raised its recommendation on the sector of oil and gas in Europe, from Neutral to Overweight. The reasons for the upgrade to be found in the reasonable assessment of the oil groups, in the soundness and transparency of profits, the power budgets despite weak demand. Estimates earnings per share were raised an average of 5% for 2002, but lowered by the same percentage for 2003.
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wander off-road four-wheel, while in France the two listed securities have a balanced road holding. Despite the confirmation of the annual goals (profits before tax to EUR 4 million), Volkswagen is currently hindered the stock market and loses 4.81% to 31.8 euros. Same trend for BMW that leaves at ground level from 3.4% to 38.59 euros, while DaimlerChrysler sells 2.1%. Positive both in soil Renault (+0.47%) and Peugeot (+0.2%).
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Among the few signs that most of the week is concluding that there is also the title of the oil group Eni terminating the eighth with a gain of 1, 07%.
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Eni down 2% at 16.25 euros on the minimum moves while you are sitting from the Assembly members who will decide the merger of its subsidiary Agip Petroli. Meanwhile, Brent crude declined by 2.5% to 24.5 euros, which weighs on the dollar too low, negative for those who extract oil. Provided also provisions on the sale of treasury shares. During the morning had come the voice of the foreign funds are holding 40% of the capital of six-legged dog.
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The research department of Credit Suisse First Boston reiterates its opinion on the title of neutral oil French Total Fina Elf. Also confirmed the target price of 175 euros. Today the stocks traded slightly upward +0.36% passing from hand to 169.10 euros.
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At the Frankfurt Stock Exchange these early stages of the session seem to favor the securities of the TMT sector at the expense of more defensive securities. The red marker exchange Adidas-Salomon (-0.11%), Degussa, which loses 0.28%, Deutsche Post in fall of 0.33%. Also negative in soil Lufthansa (-0.32%), Man (-0.39%) and Re Muenich which marks a decline of 0.48%.
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Start of the week slightly negative for the main European stock exchanges that seem to breathe a bit ‘breath after the race last eighth. Piazza Affari so open with a slight fall of 0.15% due to a false start of Unicredito, Mediaset, Mediolanum and Pirelli. Resist instead Bipop, Saipem and Eni, which benefits from the likely cut in oil production by 1.5 million barrels.
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The U.S. oil services company Schlumberger has launched bid for the Anglo-French Sema Group. The deal worth 5.7 billion euros may be regarded as friendly as the climate of cooperation between the two protagonist was born. Sema has produced an excellent meeting yesterday, both in London and Paris while the American has lost 10% at the New York Stock Exchange.
