Investment accounts
Adult accounts
Child accounts
Choosing Fidelity
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support
Fidelity’s Services
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guides
Guidance and tools
Shares
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks Stock plan guidance
Pensions & retirement
Pensions, tax & tools
Saving for retirement
Approaching / In retirement
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
FTSE 100 movers: Persimmon boosted by upgrade; Aviva gains
(Sharecast News) - London's FTSE 100 was 0.2% higher at 7,472.95 in afternoon trade on Friday. Persimmon got a boost after Morgan Stanley double-upgraded shares of the housebuilder to 'overweight' from 'underweight' and hiked the price target to 1,685p from 1,131p.
It noted that Persimmon's niche is affordable homes on a UK-wide basis, and its underweight thesis was partly based on rising affordability risks.
"As mortgage rates fall, and affordability improves, we think the business presents the best leverage to a volume recovery of the stocks under our coverage," MS said.
"Persimmon has most to play for under a near-term upside scenario. The stock benefits from highest operating leverage (volumes down most in 2023 YoY of the 4 stocks under coverage) and largest potential gross margin recovery based on the gross margin embedded in the land bank. Further, the stock is overexposed to the first-time buyer, hard hit in 2023."
Aviva was in the black as JPMorgan Cazenove lifted its price target on the shares to 575p from 545p in a note on the UK life insurance sector.
FTSE 100 - Risers
Flutter Entertainment (CDI) (FLTR) 15,790.00p 3.71% JD Sports Fashion (JD.) 110.60p 2.17% Persimmon (PSN) 1,454.00p 2.04% Pershing Square Holdings Ltd NPV (PSH) 3,600.00p 1.93% CRH (CDI) (CRH) 5,496.00p 1.85% AstraZeneca (AZN) 10,598.00p 1.59% SSE (SSE) 1,759.50p 1.35% Rentokil Initial (RTO) 399.80p 1.34% Smith & Nephew (SN.) 1,112.00p 1.32% Aviva (AV.) 432.60p 1.31%
FTSE 100 - Fallers
Ocado Group (OCDO) 561.80p -1.68% Whitbread (WTB) 3,585.00p -1.38% Kingfisher (KGF) 217.50p -1.05% Pearson (PSON) 948.20p -1.00% Glencore (GLEN) 416.05p -0.91% Associated British Foods (ABF) 2,251.00p -0.84% Marks & Spencer Group (MKS) 251.90p -0.83% Next (NXT) 8,322.00p -0.76% Rolls-Royce Holdings (RR.) 304.20p -0.75% St James's Place (STJ) 633.00p -0.66%
Share this article
Related Sharecast Articles
Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.
Award-winning online share dealing
Search, compare and select from thousands of shares.
Expert insights into investing your money
Our team of experts explore the world of share dealing.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity, Equity & Inclusion | Diversity, Equity & Inclusion Reports | Doing Business with Fidelity | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Staying secure | Statutory and Regulatory disclosures | Whistleblowing programme
Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.
