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Weekly Ratings, Targets, Forecast Changes - 21-05-21


By Mark Woodruff
Guide:
The FNArena database tabulates the views of seven major Australian and international stock brokers: Citi, Credit Suisse, Macquarie, Morgan Stanley, Morgans, Ord Minnett and UBS.
For the purpose of broker rating correlation, Outperform and Overweight ratings are grouped as Buy, Neutral is grouped with Hold and Underperform and Underweight are grouped as Sell to provide a Buy/Hold/Sell (B/H/S) ratio.
Ratings, consensus target price and forecast earnings tables are published at the bottom of this report.
Summary
Total Upgrades: 11
Net Ratings Breakdown: Buy 54.91%; Hold 38.37%; Sell 6.73%
For the week ending Friday 21 May, there were eleven upgrades and nine downgrades to ASX-listed companies by brokers in the FNArena database. ....

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Bubblr Further Strengthens Advisory Board with Appointment of Cecil Peters


Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Bubblr Further Strengthens Advisory Board with Appointment of Cecil Peters
Bubblr Inc.May 11, 2021 GMT
Mr. Peters currently serves as EMEA Head of Advancing Black Pathways at JPMorgan Chase.
London, ENGLAND, May 11, 2021 (GLOBE NEWSWIRE) via NewMediaWire Bubblr Inc., (OTC PINK: BBLR), (“Bubblr” or the “Company”), an ethical technology company focused on the development and commercialization of mobile-first technologies, has expanded the expertise of its Advisory Board with the appointment of Mr. Cecil Peters, Executive Director, EMEA Head of Advancing Black Pathways for J.P. Morgan Chase and an advocate for technology innovation and data security. ....

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The Middleby Corporation to Acquire Welbilt, Inc.


Press release content from Business Wire. The AP news staff was not involved in its creation.
The Middleby Corporation to Acquire Welbilt, Inc.
April 21, 2021 GMT
ELGIN, Ill. & NEW PORT RICHEY, Fla. (BUSINESS WIRE) Apr 21, 2021
The Middleby Corporation (NASDAQ: MIDD) and Welbilt, Inc. (NYSE: WBT) have entered into a definitive agreement under which Middleby will acquire Welbilt in an all-stock transaction, enhancing the Middleby Commercial Foodservice platform with an attractive portfolio of products, brands and technologies. This transaction will bring together two complementary businesses, accelerate the Middleby growth strategy into key markets globally and increase core capabilities in highly attractive segments. ....

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Nomad Foods Limited: Nomad Foods Reports Fourth Quarter and Full Year 2020 Financial Results


Nomad Foods Limited: Nomad Foods Reports Fourth Quarter and Full Year 2020 Financial Results
Full year Adjusted EPS of €1.35 represents 10% growth, ahead of guidance
Anticipates a fifth consecutive year of organic revenue, Adjusted EBITDA and Adjusted EPS growth in 2021
Nomad Foods Limited (NYSE: NOMD), today reported financial results for the three and twelve-month periods ended December 31, 2020.
Key operating highlights and financial performance for the fourth quarter 2020, when compared to the fourth quarter 2019, include:
Reported revenue increased 4.7% to €658 million
Organic revenue growth of 9.5%
Reported Profit for the period of €59 million
Adjusted EBITDA increased 3% to €119 million
Adjusted EPS of €0.38
Key operating highlights and financial performance for the full year 2020, when compared to the full year 2019, include: ....

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