Sterling Soars

Headlines say sterling soars: big week for top analysts in Stockomendation this week with the top 3 picks all performing at 10% and all stock picks are a mix of 84% BUY, 7% HOLD and 9% SELL.

1. BUY Big Yellow Group

Top interesting stock pick this week is BUY Big Yellow Group by Goldman Sachs with a tip performance of 10%.

Big Yellow Storage reported a 6.7% rise in quarterly revenue on Monday driven by higher rents.

The Bagshot based storage facility provider increased rents by 9% in the first quarter of 2023 due to new properties and increase in the price per square metre.

Big Yellow share price launched at 135p back in 2000 and has climbed steadily to 1,067p where it is today.

Two out of four analysts in Stockomendation rate Big Yellow as BUY or LONG TERM BUY being Goldman Sachs and Royston Wild, HSBC says HOLD and RBC says UNDERPERFORM. There are no active short positions currently open.

2. AVOID Totally

Second top stock pick this week is AVOID Totally by Steve Moore in ShareProphets with a tip performance of 10%.

The London based clinical care provider lost a quarter of its value on Monday after it issued a profit warning. Totally share price hit a 52 week low and Canaccord Genuity lowered the target price from 40 to 30p.

The graph looks worrying – Totally PLC share price opened at 9,014p in 2000 and has descended to today when it is at a mere 12p.

Steve Moore in his signature acerbic style says Totally’s optimistic headline that it is ‘well placed to grow significantly’ is ‘totally misleading.’ Steve notes net cash is down, assets are down, and casts doubt on the EBITDA commentary by delving into the financials. Steve predicts ongoing disappointment for shareholders.

Canaccord Genuity rates Totally as a BUY and Steve Moore says AVOID, out of two analysts in Stockomendation. There are no active short positions open.

3. SECTOR PERFORM IWG

Third interesting top stock pick this week is SECTOR PERFORM IWG by RBC Capital with a tip performance of 10%.

IWG is the holding company of Regus. With WeWork shares crashing to a record low, and Regus announcing expansion in several regions, IWG is looking more positive than in the past.

WeWork revenues are ok however its cash burn is high due to bonus & interest payouts, and SoftBank has reportedly extended the last lifeline to the company.

If WeWork implodes Regus could be set to benefit.

IWG launched at 254p in in 2000 and now sits at 145p.

Two out of two analysts in Stockomendation rate IWG as SECTOR PERFORM or EQUAL WEIGHT and there are two open short positions held by JP Morgan and GLG Partners.

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Disclaimer: The contents of this article should not be considered financial advice. Pricing data correct as at 13th July 2023.