Houses Rise

House prices rise and all stock picks are 70% BUY, 16% HOLD and 14% SELL.

1. BUY Impax Asset Management

Top performing stock pick this week is BUY Impax Asset Management Group by Berenberg with a tip performance of 7%.

Impax Asset Management Group plc is a specialist asset manager based in London, England. The company manages environmentally focused equity investments such as renewable energy, water and waste management through various funds including Impax Environmental Markets, which is focused on environmental companies in North America, Europe and Asia.

Impax Asset Management share price launched at 39p in 2001, rose to an all-time high of 1,472p in 2021 and is today at 396p.

On 8 October Impax released Q4 results in this RNS stating AUM had increased 0.7% in the quarter with 30% profit before tax. AUM is £37.2 billion including the acquisition of Absalon Asset Management in July.

In Stockomendation Berenberg says BUY and Robert Stephens of the Telegraph says HOLD. There are two open fund manager short positions, view those here.

2. BUY Senior

Equal second top performing stock pick this week is a tie BUY Senior by Deutsche Bank and Stephen Wright in The Motley Fool with a tip performance of 5%.

Senior plc is the holding company for a global group of firms in the manufacturing and engineering industries, headquartered in Rickmansworth, England. The Company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. Senior was originally established in 1933 by a group of former employees of Green's Economisers Ltd. as a rival concern. The company was listed on the London Stock Exchange as Senior Economisers Limited in 1947.

Senior share price reached an all-time high of 336p in 2015 and is today at 131p.

On 8 October Senior issued a profit warning in this RNS trading statement due to Boeing's restricted production of the 737 MAX by US regulators following the Alaskan Airlines incident early in the year. Another report says it is “resorting to both furloughs and job cuts in response to the ongoing strike at Boeing's commercial aircraft operations and supply chain issues facing Airbus.”

On 9 October Deutsche Bank downgraded the Senior target price from 250p to 220p.

In Stockomendation Deutsche Bank and Jefferies say BUY, Stephen Wright says ADD and Steve Moore says AVOID. There are two active fund manager short positions currently open, view those here.

3. OUTPERFORM Marks & Spencer

Third interesting stock pick this week is BUY Marks & Spencer Group by Lauren Almeida in The Times - Tempus with a tip performance of 4%

Marks and Spencer is a major British multinational retailer based in London, England, that specialises in selling clothing, beauty products, home products and food products. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.

Founded in 1884, Marks & Spencer share price listed in 1926 and trades in London under the ticker MKS. M&S share price reached an all time high of 707p in 2007 and is today at 381p.

In her article Lauren says the retailer has pulled off long-awaited transformation with a brand update, back in the FTSE100 & tracking ahead of its five-year plan.

In Stockomendation five out of five analysts say BUY they are Lauren Almeida, Deutsche Bank, Goldman Sachs, Robert Stephens and Charlie Keough. There are no active short positions open.

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Disclaimer: The contents of this article should not be considered financial advice. Pricing data correct as at 10th October 2024.