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    FRES   GB00B2QPKJ12

FRESNILLO PLC

(FRES)
  Report
Delayed Quote. Delayed London Stock Exchange - 09/20 11:36:09 am
792 GBX   -1.79%
09/06FRESNILLO : Barclays Raised Fresnillo PT, Keeps Equal-Weight Rating
MT
08/25FTSE 100 Edges Higher as Banks Gain
DJ
08/16FTSE 100 Falls 0.9% as Weak China Data Weigh on Stocks
DJ
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

FTSE posts record close to round off fifth straight weekly gain

01/06/2017 | 12:11pm EDT
A man shelters under an umbrella as he walks past the London Stock Exchange

LONDON (Reuters) - FTSE 100 index posted a record high close on Friday, rounding off its fifth straight week of gains, after U.S. non-farm payrolls data showed fewer jobs than expected but growth in wages.

The FTSE 100 <.FTSE> index was up 14.74 points or 0.2 percent at 7,210.05 points, the index's first-ever close above 7,200.

After ending 2016 on a record high, the FTSE 100 has rallied further to hit two fresh record highs since, its last at 7,211.96 points.

U.S. employment increased less than expected in December, but a rebound in wages pointed to sustained labour market momentum that sets up the economy for stronger growth and further rate increases by the Federal Reserve this year.

The data sent the FTSE into positive territory, as appetite for the internationally exposed index was buoyed by a fall in the pound.

Defence company BAE Systems (>> BAE Systems plc) rose the most, gaining 3 percent for its biggest advance since a two-day rally after the U.S. Presidential election, when the surprise victory of Donald Trump sent defence stocks soaring.

Bernstein rated the company 'outperform', saying a stronger post-election U.S. budget outlook should be positive for U.S. demand for BAE.

Shares in Lloyds (>> Lloyds Banking Group PLC) rose 2 percent after broker Barclays raised its rating on the stock to "overweight" from "equal-weight" and increased its target price, citing an expected rise in net interest margin for the bank.

"We expect Lloyds to return over 10 bln pounds of capital to shareholders through to 2019, equivalent to almost a quarter of its current market cap or a little under 15p per share," analysts at Barclays said in a note.

In all, financials contributed 14 points to the FTSE 100's rise, with the sector seen as benefiting from returning growth and inflation in the global economy.

Likewise an upgrade to "outperform" from "neutral" helped shares in payments processor Worldpay (>> Worldpay Group PLC) jump 1.6 percent.

Goldman Sachs started with a "buy" rating on mid-cap valve-maker Rotork (>> Rotork p.l.c.), sending its shares 3.7 percent higher.

Together with a 7.8 percent rise in TP ICAP (>> TP ICAP PLC), this helped underpin the UK mid cap index <.FTMC>, which was up 0.2 percent.

TP ICAP, formerly called Tullett Prebon, rallied after a strong trading update. The interdealer broker said it expected 2016 revenue to rise around 12 percent from 2015's 796 million pounds ($986 million), helped by a spike in trading volumes after the U.S. presidential election.

Analyst Paul McGinnis at Shore Capital said volatility caused by expectations of rising interest rates after the U.S. election had boosted demand for the firm's traditional product areas.

Precious metals miners Randgold Resources (>> Randgold Resources Limited) and Fresnillo (>> Fresnillo Plc) weighed on the blue chips, falling 2.8 percent to 3.5 percent as the price of gold slipped against the stronger dollar after the jobs data.

(Editing by Larry King)

By Helen Reid and Kit Rees


© Reuters 2017
Stocks mentioned in the article
ChangeLast1st jan.
AMP LIMITED -4.55% 0.945 End-of-day quote.-39.42%
BAE SYSTEMS PLC -0.21% 559 Delayed Quote.14.16%
FRESNILLO PLC -1.79% 792 Delayed Quote.-30.22%
FTSE 100 -0.86% 6903.91 Delayed Quote.7.79%
LLOYDS BANKING GROUP PLC -3.79% 43.34 Delayed Quote.18.40%
MSCI UNITED KINGDOM (STRD) -1.35% 1101.758 Real-time Quote.8.33%
NEXT PLC -1.23% 8022 Delayed Quote.13.21%
ONE STOP SYSTEMS, INC. -4.70% 5.07 Delayed Quote.26.75%
POLYMETAL INTERNATIONAL PLC 2.05% 1345.5 Delayed Quote.-20.12%
ROTORK PLC -3.21% 355.6 Delayed Quote.11.82%
S&P UNITED KINGDOM (PDS) -0.79% 1372.48 Delayed Quote.8.02%
SMITHS GROUP PLC 0.62% 1380 Delayed Quote.-8.28%
THE GOLDMAN SACHS GROUP, INC. -3.41% 378.13 Delayed Quote.43.39%
TP ICAP GROUP PLC -1.24% 160.5 Delayed Quote.-32.62%
All news about FRESNILLO PLC
09/06FRESNILLO : Barclays Raised Fresnillo PT, Keeps Equal-Weight Rating
MT
08/25FTSE 100 Edges Higher as Banks Gain
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08/16FTSE 100 Falls 0.9% as Weak China Data Weigh on Stocks
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Analyst Recommendations on FRESNILLO PLC
More recommendations
Financials (USD)
Sales 2021 2 879 M - -
Net income 2021 609 M - -
Net cash 2021 99,8 M - -
P/E ratio 2021 12,9x
Yield 2021 3,47%
Capitalization 7 935 M 7 943 M -
EV / Sales 2021 2,72x
EV / Sales 2022 2,33x
Nbr of Employees 5 758
Free-Float 25,0%
Chart FRESNILLO PLC
Duration : Period :
Fresnillo plc Technical Analysis Chart | FRES | GB00B2QPKJ12 | MarketScreener
Technical analysis trends FRESNILLO PLC
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Last Close Price 10,77 $
Average target price 14,81 $
Spread / Average Target 37,5%
EPS Revisions
Managers and Directors
Octavio Alvidrez Cano Chief Executive Officer
Mario Arreguín Frade Chief Financial Officer
Alejandro Baillères Gual Non-Executive Chairman
Tomas Iturriaga Hidalgo Chief Operating Officer
Fernando Benjamín Ruíz Sahagún Independent Non-Executive Director
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