(MENAFN- ProactiveInvestors)--ADDS Petropavlovsk NOTE-- The boutique resources house SP Angel has turned 'buyer' on Petropavlovsk (LON:POG) after the recent weakness of the share price. Probably more interesting than the change of stance are the broker's observations on the changing make-up of the Siberia-focused gold miner's shareholder register. It points out that Lamesa Group has more than doubled its direct stake in Petropavlovsk to 5.3% while Polo Company is now the owner of convertible stock that gives it 5.2% of the voting rights. According to SP Angel both companies are owned by Renova Group the investment vehicle of Viktor Vekselberg who according the Forbes list the mega-rich is worth US$13.6bn. Renova is currently in the process of acquiring a US$3.3bn two-thirds stake in the Swiss oil services firm Sulzer while closer to home the plutocrat's firm emerged as the largest shareholder in Aussie-focused Falcon Oil & Gas with 16.4% of the AIM-listed group. In a note to clients of Petropavlovsk earlier SP Angel went to 'buy' from 'hold' on the stock though its price target remained unchanged at 7p. At 12.30pm the shares were changing hands for 5.64p for a rise of 1.2%. 'We see a decision to increase the stake in the company by Renova a group with a track record of long term strategic investments as a positive that further diversifies the shareholder base' said SPA. Lowered capital expenditure targeted for 2016 by power giant Aggreko (LON:AGK) has increased the chance of shareholder returns reckons German bank Berenberg which has upgraded the shares to a 'hold' from 'sell'. "This was a sensible decision in our view given the slowing top line and it should help to protect returns. "This increases the likelihood of shareholder returns over the next 12 months in our view" said analyst Josh Puddle who targets 1020p a share. It comes after the group's third quarter update yesterday showed challenges remain including exposure to oil and gas end-markets in rental solutions and increased competition across the Power Solutions space. Conversely US broker Jefferies looks at Dairy Crest (LON:DCG) and lowers the rating to 'hold' from 'buy' on valuation grounds following the exit by the firm from dairies. Since the exit was announced the shares are up by 45% the broker notes. It targets 640p a share from a current price of around 618p. "We believe DCG remains an excellent core holding in the UK Foods space but expect share price progression more in line with earnings from here" said analyst Martin Deboo. Liberum today looks at oil and gas producers and says it's time to pick the favourites.. "We back improvement in oil markets in 2016. Share prices already reflect a long-term oil price of c.US$65 so investment downside should be limited." 'Buys' are BG (LON:BG) Premier Oil (LON:PREM) and Rockhopper (LON:RKH) while Cairn Energy (LON:CNE) Genel (LON:GENL) and Petroceltic (LON:PCI) are 'holds'.
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