Investors Unnerved

Headlines say Investors are unnerved by the car finance ruling that could pave the way for multimillion-pound payouts over car financing deals and all stock picks this week are a mix of 73% BUY, 14% HOLD and 13% SELL.

1. BUY Just Group

Top stock pick this week is BUY Just Group by Jefferies with a tip performance of 8%.

Just Group is a financial services company that provides retirement income, annuities, mortgage solutions, financial advice, and guidance to Banks, building societies, life assurance companies, pension scheme trustees, and other corporate clients under the brands Just retirement, just rethink retirement, partnership, HUB Group, HUB Pension Consulting, and HUB Financial Solutions.

Listed on the London Stock Exchange under the ticker JUST, the company a constituent of the FTSE 250 Index.

Just Group share price launched at 193p in 2013, rose to an all-time high of 269p 4 months later and is today at 159p.

On 2 December the company issued a block listing six monthly return in this RNS with shares at 148p at the time of listing, which shortly thereafter rose to 155p.

In Stockomendation four analysts: Deutsched Bank and Jefferies say BUY, JP Morgan and Barclays have OVERWEIGHT. There are no active short positions open.

2. BUY Legal & General

Second top performing stock pick this week is BUY Legal & General Group by Simon Watkins in The Motley Fool with a tip performance of 7%.

Legal & General provides life insurance, pensions, retirement income, investment management, lifetime mortgages and annuities to retail customers and pension schemes. It is also one of the world's largest asset managers with £1.2 trillion AUM.

Founded 1836, Legal & General is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.

Legal & General share price launched at 23p in 1999, rose to an all-time high of 309p in 2020 and is today at 238p.

Shares jumped 3.4% at a bullish update on its Institutional Retirement division delivered in this RNS. The deep dive presentation announced bulk annuity volumes of £10 billion this year to date, with exclusive agreements on a further £0.5 billion. It reported strong growth and on target progress for wider financial targets.

In Stockomendation Goldman Sachs and Simon Watkins say BUY, Harvey Jones says HOLD and James Beard says WATCH. In Stockomendation one open short position, view that here.

3. UNDERWEIGHT Metro Bank

Third top performing stock pick is UNDERWEIGHT Metro Bank Holdings by Barclays with a tip performance of 6%.

Metro Bank is a UK retail and commercial bank. Listed on the London Stock Exchange under the ticker MTRO, it is a constituent of the FTSE 250 Index.

Metro Bank share price launched at 2,200p in 2016, rose to an all-time high of 4,018p in 2018 and is today at 95p.

In the news last week for massive failings between 2016 and 2020 that lead to a £16.7mn fine, the Board faced shareholder opposition at its 2024 AGM regarding resolutions on pre-emption rights, prompting the Board to engage with dissenting investors. Shares have fallen from 104p to 96p in the past week to date.

In Stockomendation Barclays says UNDERWEIGHT and RBC Capital has SECTOR PERFORM. There are three open UK Fund Manager short positions, view those here.

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Disclaimer: The contents of this article should not be considered financial advice. Pricing data correct as at 5th December 2024.