Wage Hikes for Some

Civil service wage hikes are keeping inflation at 5% this week, and all stock picks are a mix of 78% BUY, 11% HOLD and 11% SELL.

1. OVERWEIGHT Anglo American

Top stock pick this week is OVERWEIGHT Anglo American by JP Morgan with a tip performance of 8%.

Anglo American plc is a British multinational mining company. It is the world's largest producer of platinum and has operations across Africa, Asia, Australia, Europe, North America, and South America. The company has seen significant price fluctuations, most notably a drop after rejecting a $49bn takeover by BHP in May. Recent developments include a fire at the Grosvenor coking coal mine and the potential for another takeover bid.

The share price launched at 737p in 1999, hit an all-time high of 4,169p in 2022, and currently sits at 2,406p, up from 2,122p on 22nd September.

JP Morgan rates the stock as OVERWEIGHT, while Deutsche Bank and DZ Bank both recommend BUY. There is one active fund manager short position open, which can be viewed here.

2. BUY Croda International

Second top performing stock pick this week is BUY Croda International by UBS with a tip performance of 5%.

Croda International is a leading chemical company that provides specialty ingredients for various industries, including cosmetics and pharmaceuticals. It operates in key segments like Personal Care, Life Sciences, and Industrial Chemicals.

The share price launched in 1964, reached a high of 10,410p in 2022, and now sits at 4,172p, up from 3,961p as of 22nd September.

In Stockomendation, UBS and Berenberg recommend BUY, while Goldman Sachs remains NEUTRAL, Barclays is EQUAL WEIGHT, and Deutsche Bank advises HOLD. There are two active fund manager short positions open, view them here.

3. BUY Currys

Third top performing stock pick is BUY Currys by Berenberg with a tip performance of 5%.

Currys is a British electronics retailer, specializing in household appliances and electronics. It has a long history dating back to its founding in 1884 as a bicycle manufacturer. After various mergers, Currys became a household name in the UK.

The share price hit a high of 500p in 2015 but is currently at 84p. Berenberg recently raised its price target for Currys from 92p to 125p, which led to a 6% jump in share price.

In Stockomendation, Berenberg, Lauren Almeida, and Deutsche Bank recommend BUY, RBC Capital advises OUTPERFORM, and Barclays gives an EQUAL WEIGHT rating. There are no active short positions currently open.

UK Fund Manager Short Positions
See which UK Fund Managers are betting against your investments by accessing current & historical short positions on UK companies showing you which fund manager has shorted which company and by how much.

Join Now

Think you can pick stocks? Play the June league UK Share Picking game FREE : uksharepickinggame.co.uk

Disclaimer: The contents of this article should not be considered financial advice. Pricing data correct as at 26th September 2024.