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FTSE 100 movers: IAG, Beazley boosted by broker upgrades

Published 31/03/2023, 16:04
Updated 31/03/2023, 15:14
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%

Read more on Sharecast.com

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