Markets Renaissance

London capital markets renaissance and top tips this week 80% BUY, 12% SELL and 8% HOLD.

1. BUY Big Technologies

Top performing stock pick this week is BUY Big Technologies by Berenberg with a tip performance of 18%.

Big Technologies is a remote people monitoring system based in Hertfordshire. Founded in 2005 by Sara Murray, Big Technologies share price launched at 355p in 2021 and is today at 124p after an all-time low of 107p earlier in January.

Shares tumbled 26% due to the end of a Colombia prisoner tracking contract coming to an end. In Investegate.com we can see CEO Murray and CFO Morris each purchased shares along with a share allocation to the Employee Benefits Scheme on 23 January and Berenberg lifted its price target on the same day from 178p to 438p.

In Stockomendation Berenberg says BUY and Edward Sheldon says LONG TERM BUY. There are no active short positions open.

2. AVOID SDI Group

Second interesting stock pick this week is AVOID SDI Group by Steve Moore in ShareProphets with a tip performance of 16%.

SDI Group is a scientific digital imaging company that was founded in 2007. SDI share price launched at 12.50 in 2008, reached an all-time high of 214p in 2021 and is today at 59.31p.

In his article Steve Moore points out the recent profit warning CEO’s and hasty exit to be replaced by the CEO hired last September.

In Stockomendation Robert Stephens of the Telegraph says HOLD, Steve Moore says AVOID and Hot Stock Rockets says SELL. There are no active short positions open.

3. OVERWEIGHT ITM Power

Third interesting stock pick this week is OVERWEIGHT ITM Power by JP Morgan with a tip performance of 11%

ITM Power is a Sheffield based energy storage and clean energy company that specialises in green hydrogen, founded in 2001. ITM Power share price launched at 50p in 2004, reached an all-time high of 682p in 2021 and is today at 47p.

Little information on this movement as the most recent RNS in investigate.com was on 16 January, a lifetime ago when it comes to stocks! So what about this price movement? There was a recent 10% drop in share value and institutional investors own 51% of the company. Shares have declined more than 90% since its peak and 41% this year. With half year results announcement due on 31 January, the Motley Fool says buying shares now is like buying £1 for 51p and highlights a dividend yield of around 8.5%.

In Stockomendation five analysts with five different opinions they are: JP Morgan with OVERWEIGHT, Morgan Stanely with UNDERWEIGHT, RBC Capital with OUTPERFORM, Panmure Gordon with BUY and Zaven Boyrazian with WATCH. There are 10 active fund manager short positions open in Stockomendation, view those here.

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Disclaimer: The contents of this article should not be considered financial advice. Pricing data correct as at 25th January 2024.