FTSE 100 movers: Resolution offers premium performance



LONDON (ShareCast) - Resolution led the risers on a quiet day as buying momentum on the FTSE 100 (FTSE: ^FTSE - news) dried up. Poor sales of Apple (NasdaqGS: AAPL - news) 's iPhone made sure the US markets got off on the wrong foot this week, in turn giving FTSE traders the jitters.

Even so the insurer benefitted from Credit Suisse (NYSE: CRP - news) upping its target price for the company from 250p to 265p.

This followed Citigroup (NYSE: C - news) cutting its target price for Resolution from 302p to 261p on Friday.

Close behind was Eurasian Natural Resources which also benefitted from an upgrade by Credit Suisse.

Analysts pushed their target price up to 400p from 350p, at the same time upgrading the stock to 'outperform' from 'neutral'.

Asset management group Schroders (LSE: SDR.L - news) was on the up after positive comments from JPMorgan Cazenove.

The broker raised its target price for the stock from 1,882p to 2,556p, saying that despite a strong year in 2012, "the rating of the sector remains relatively modest by historical standards, especially if we further adjust for estimated surplus cash and cash generation in the current year".

Security solutions group G4S (LSE: GFS.L - news) was also making gains after Credit Suisse raised its recommendation from 'neutral' to 'outperform' and lifted its target price from 275p to 330p.

"The current price does not reflect the organic growth potential, driven by New Markets, of the group, its ability to add value via acquisitions nor its improving prospects within the UK market," the broker said.

Topping the list of fallers was Kazahmys, which suffered a downgrade from Barclays (LSE: BARC.L - news) .

Wood Group was close behind, giving back much of the bounce it received from a Goldman Sachs (NYSE: GS-PB - news) upgrade last week.

Associated British Foods (LSE: ABF.L - news) was feeling the effects of a downgrade by Nomura from 'buy' to 'neutral', while Sage was falling after Barclays cut the stock from 'equal weight' to 'underweight'.

FTSE 100 - Risers
Resolution Ltd. (RSL) 267.90p +2.72%
Schroders (SDR) 1,867.00p +2.64%
Eurasian Natural Resources Corp (LSE: ENRC.L - news) . (ENRC) 330.90p +2.57%
Aberdeen Asset Management (Other OTC: ABDNF - news) (ADN) 400.20p +2.22%
Royal Bank of Scotland Group (RBS (LSE: RBS.L - news) ) 366.10p +1.58%
G4S (GFS) 270.80p +1.16%
Lloyds Banking Group (LSE: LLOY.L - news) (LLOY) 54.65p +1.13%
Petrofac Ltd. (PFC) 1,697.00p +1.13%
ITV (ITV (LSE: ITV.L - news) ) 111.20p +1.09%
Bunzl (BNZL) 1,071.00p +1.04%

FTSE 100 - Fallers
Kazakhmys (LSE: KAZ.L - news) (KAZ) 784.50p -2.97%
Wood Group (John) (WG.) 781.00p -2.50%
Aggreko (AGK) 1,746.00p -1.91%
Associated British Foods (ABF) 1,501.00p -1.90%
Polymetal International (POLY) 1,136.00p -1.90%
Whitbread (WTB) 2,417.00p -1.79%
Tate & Lyle (LSE: TATE.L - news) (TATE) 756.00p -1.69%
Pearson (LSE: PSON.L - news) (PSON) 1,179.00p -1.67%
Legal & General Group (LGEN) 148.60p -1.65%
Severn Trent (Other OTC: STRNY - news) (SVT) 1,549.00p -1.53%