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FTSE 250 movers: Drax powers ahead on upgrade; housebuilders hit
(Sharecast News) - London's FTSE 250 was up 0.4% at 20,981.04 in afternoon trade on Friday. Anglo-Russian precious metals miner Polymetal was sitting pretty at the top of the index.
Drax was among the top gainers as Morgan Stanley upgraded the stock to 'overweight' form 'equalweight' and hiked the price target to 930p from 420p.
HomeServe also racked up strong gains for the second day running after Canadian property investment group Brookfield Asset Management announced on Thursday that one of its private infrastructure funds was in the early stages of considering a possible offer for the company.
Housebuilders Bellway, Vistry, Nicholson and Redrow all fell. CMC Markets analyst Michael Hewson said rising rates and higher prices are prompting questions about the durability of the UK housing market.
FTSE 250 - Risers
Polymetal International (POLY) 184.00p 10.84% Drax Group (DRX) 766.50p 7.96% Homeserve (HSV) 870.00p 7.87% Trustpilot Group (TRST) 148.50p 7.61% Provident Financial (PFG) 321.40p 5.31% QinetiQ Group (QQ.) 314.20p 3.42% Hammerson (HMSO) 31.93p 3.23% Shaftesbury (SHB) 609.00p 2.87% Derwent London (DLN) 3,193.00p 2.80% Diversified Energy Company (DEC) 117.60p 2.80%
FTSE 250 - Fallers
Bellway (BWY) 2,590.00p -5.06% Vistry Group (VTY) 937.40p -4.68% Crest Nicholson Holdings (CRST) 272.00p -4.09% Fidelity China Special Situations (FCSS) 250.50p -3.65% Redrow (RDW) 523.80p -3.07% Ferrexpo (FXPO) 164.90p -3.06% Countryside Partnerships (CSP) 274.80p -2.90% Games Workshop Group (GAW) 7,165.00p -2.58% Oxford Biomedica (OXB) 664.00p -2.50% Petershill Partners (PHLL) 237.50p -2.46%
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