Scots stocks: Reports of 'strong growth potential' help drive up Axis-Shield shares
Published Date:
22 August 2008
AXIS-SHIELD, the Dundee medical diagnostics kit maker was boosted by more strong broker coverage yesterday, as Oriel Securities initiated coverage of the company with a "buy" rating and a 355p target price.
Analysts said the group has the potential for strong growth and good access to new sales platforms. Axis-Shield, which reports interim results next Wednesday, added 12.75p to 314p.
A surge in oil prices boosted the sector, with oil services company Wood Group, which also announced a new contract and acquisition, adding 23.75p to 437.75 – while Dana Petroleum rose 6.3 per cent to 1,457p.
Logistics company John Menzies fell 1.25p on weaker first-half profits.
ProStrakan, the Borders-based pharmaceutical company, added 2.8 per cent to 91.5p as the loss-making firm revealed better than forecast first half sales.
On Aim, Sovereign Oilfield Group added 20.6 per cent to 19p the day after revealing a young member of the Kuwaiti royal family had joined its board as a non-executive director, who it hopes will open doors to Middle East Contracts.
Microemissive Displays, the cash-strapped screen maker, dropped 0.25p to a new record low of 2.75p.
The full article contains 214 words and appears in The Scotsman newspaper.
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Last Updated:
21 August 2008 9:07 PM
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Source:
The Scotsman
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Location:
Edinburgh
