Cambridge Index

Cambridge Index climbs 3.6%

The Cambridge Index jumped 3.6% or 637.7 points to 18,243.7, as all of the top ten index heavyweights posted weekly gains. Citigroup reiterated its “Buy” recommendation on ARM Holdings, up 5.1%, with a target price of 1200p. BMO Capital Markets reaffirmed its “Market Perform” rating with a target price of 995p, while Credit Suisse maintained its “Outperform” recommendation with a target price of 1260p. AlphaValue downgraded its rating on Johnson Matthey, up 1%, to “Sell” with a target price of 3023p. However Deutsche Bank reiterated its “Buy” rating on the stock. Jefferies Group raised its recommendation on DS Smith, up 8.7%, to “Buy” from “Hold” and increased its target price to 360p from 330p. Kier Group, up 3%, has been awarded a contract worth £33m to develop the A30 between Temple and Higher Carblake in Cornwall into a dual carriageway.
Blinkx, up 13.6%, announced the appointment of Mr Sudhi Herle as its Chief Product Officer. Investec raised its rating on Dialight, up 5.7%, to “Buy” and hiked its target price to 890p from 825p. Sagentia Group, up 3.8%, acquired the entire share capital of Oakland Innovation Limited, an R&D consultancy specialising in technology innovation and market intelligence for the global consumer and healthcare markets. The total number of ordinary shares in issue (excluding Treasury shares) following this announcement is 38,379,948. The company holds 3,682,087 shares in Treasury. Investec reiterated its “Buy” rating on Sepura, up 1.7%, with a target price of 200p. Jefferies Group increased its target price on Domino Printing Sciences, up 0.5%, to 750p from 650p with a “Hold” rating.
Horizon Discovery Group, down 1.1%, has received £1.67m to fund the commercial development of Chinese hamster ovary cell lines in a consortium with Centre for Process Innovation and the University of Manchester. N+1 Singer reaffirmed its “Buy” rating on the shares with a target price of 246p. Panmure Gordon also maintained its “Buy” recommendation on the stock with a target price of 247p.
UK markets ended higher amid optimism that Greece would soon reach an agreement with its international creditors. The FTSE 100 index added 0.6% to 6,915.2, while the FTSE AIM 100 Index advanced 2.1% to finish at 3,151.4. Also, the FTSE techMARK 100 Index edged 1% higher to 3,751.6.
US markets also closed on a firmer footing in the previous week. The DJIA index gained 0.7% to 18,140.4, while the NASDAQ Index climbed 1.3% to 4,956.

Research and analysis for these reports has been conducted by Decimal Point Analytics Pvt. Ltd. on behalf of NW Brown Group.


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Index movers

1Spatial PLC

1Spatial PLC, the Spatial Big Data Company, which manages the world’s largest spatial data, jumped 7.2% to 5.6p.

Amino Technologies PLC

Amino Technologies PLC, a leader in digital entertainment solutions for IPTV, Internet TV and in-home multimedia distribution, edged 3.6% lower to 135.0p.

Blinkx PLC

Blinkx PLC, the leading video search engine, rallied 13.6% to 33.5p. The company announced the appointment of Mr. Sudhi Herle as its Chief Product Officer.

Dialight PLC

Dialight PLC, a provider of electronic lighting and electromagnetic products, climbed 5.7% to 641.5p. Investec raised its rating on the stock to “Buy” and hiked its target price to 890.0p from 825.0p.

DS Smith PLC

DS Smith PLC, a manufacturer and distributor of paper and plastic packaging products, soared 8.7% to 347.2p. Jefferies Group raised its recommendation on the stock to “Buy” from “Hold” and increased its target price to 360.0p from 330.0p.

LPA Group PLC

LPA Group PLC, a provider of electronic and electro mechanical systems, surged 17.4% to 71.0p and emerged as the top gainer in the Cambridge Index.

Netcall PLC

Netcall PLC, a provider of call-back, auto-messaging and contact solutions, eased 2.8% to 70.0p.

Sareum Holdings PLC

Sareum Holdings PLC, which is engaged in the structure-based drug discovery business, tanked 11.1% to 0.4p and emerged as the top loser in the Cambridge Index.

Sphere Medical Holding PLC

Sphere Medical Holding PLC, a leading developer of innovative monitoring and diagnostic devices for the critical care setting, declined 4.7% to 20.5p.

Tristel PLC

Tristel PLC, a provider of infection control and water treatment products, plummeted 4.5% to 74.0p.

Other movers

ARM Holdings PLC

Shares of chip maker, ARM Holdings PLC, surged 5.1% to 1116.0p. Citigroup reiterated its “Buy” recommendation on the stock with a target price of 1200.0p. BMO Capital Markets reaffirmed its “Market Perform” rating on the stock with a target price of 995.0p. Credit Suisse maintained its “Outperform” recommendation on the stock with a target price of 1260.0p.

Domino Printing Sciences PLC

Domino Printing Sciences PLC, a provider of ink jet and laser technologies, advanced 0.5% to 738.5p. Jefferies Group increased its target price on the stock to 750.0p from 650.0p with a “Hold” rating.

Horizon Discovery Group PLC

Horizon Discovery Group PLC, the life science company supplying research tools to organisations engaged in genomics research and the development of personalised medicines, retreated 1.1% to 220.0p. The company, in a consortium with Centre for Process Innovation and the University of Manchester, has received £1.67 million to fund the commercial development of Chinese hamster ovary cell lines. N+1 Singer reaffirmed its “Buy” rating on the shares with a target price of 246.0p. Panmure Gordon maintained its “Buy” recommendation on the stock with a target price of 247.0p.

Johnson Matthey PLC

Johnson Matthey PLC, a specialty chemicals company and leading provider of precious metal products and environmental technologies, advanced 1.0% to 3481.0p. AlphaValue downgraded its rating on the stock to “Sell” with a target price of 3023.0p. Deutsche Bank reiterated its “Buy” rating on the stock.

Kier Group PLC

Building, civil engineering and property development group, Kier Group PLC, gained 3.0% to 1716.0p. The company has been awarded a contract worth £33.0 million to develop the A30 between Temple and Higher Carblake in Cornwall into a dual carriageway

Sagentia Group PLC

Sagentia Group PLC, an international technology consulting and IP licensing firm, advanced 3.8% to 135.5p. The company has acquired the entire share capital of Oakland Innovation Limited, an R&D consultancy specialising in technology innovation and market intelligence for the global consumer and healthcare markets. The total number of ordinary shares in issue (excluding treasury shares) following this announcement is 38,379,948. The company holds 3,682,087 shares in treasury.

Sepura PLC

Sepura PLC, a supplier of network-independent Terrestrial Trunked Radio terminals and digital radios, rose 1.7% to 146.3p. Investec reiterated its “Buy” rating on the stock with a target price of 200.0p.

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