Investors Await Testimony

Headlines said investors await testimony from the world’s most influential central banker and all Stockomendation stocks this week were a mix of 86% BUY, 9% SELL and 5% HOLD.

1. OUTPERFORM Just Group

Top stock pick this week was OUTPERFORM Just Group by RBC Capital with a tip performance of 12%.

Just Group is a retirement-focused financial services provider based in Surrey.

Just Group share price jumped 10% after the trading statement on Tuesday announcing better than expected results due in part to a £513 million pension transfer deal its largest ever and a strong business pipelines. Peel Hunt increased the target price to 120p; quite a bit of confidence in a 46% upside on the current price.

Just Group listed at 193p in 2013 and has been on a slight downward incline to 96p where it’s at today. Three out of four analysts rate it as BUY in Stockomendation being JP Morgan, RBC Capital and Peel Hunt with JP Morgan saying HOLD. There are no active short positions on Just Group in Stockomendation.

2. BUY Nichols

Second top stock pick this week was BUY Nichols by HSBC with a tip performance of 4%.

The biggest news was the rating upgrade by HSBC from HOLD to BUY at the announcement of at-home and abroad positive performance being 13.7% and 16.1% respectively.

For anyone who has never heard of Nichols it is a family run soft drink manufacturer that owns Vimto, a syrupy drink invented in 1908 that is all the rage in Arab countries.

Two of four analysts rate Nichols as BUY in Stockomendation HSBC and Roland Head whilst Berenberg and Russ Mould say HOLD. There are no active short positions on Nichols in Stockomendation.

3. BUY Up Global Sourcing Holdings

Third top stock pick this week was BUY Up Global Sourcing Holdings by Roland Head in The Motley Fool with a tip performance of 3%.

Britain’s oldest housewares brand is seen as a decent BUY despite 22% share price decline in the past month. Up Global Sourcing’s share price is up a full 316% over 5 years and analysts are pleased with European expansion plans. The share price is generally thought to be undervalue with long-term positive performance and plenty of value left at the current price according to reports.

Up Global Sourcing listed at 149p in 2017 and has stayed steady until today where it is at 134p. In Stockomendation it’s a full house with all three analysts rating it as BUY that’s Roland Head, Harshil Patel and Andy Ross. There are no active short positions on Up Global Sourcing in Stockomendation.

Forewarned is forearmed! As always you can see the aggregated, performance monitored and ranked stock tips and picks data in Stockomendation.

Featured image © Wapster 2017 vie Flickr

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Disclaimer: The contents of this article should not be considered financial advice. Pricing data correct as at 10th March 2023.