LSE Shake Up

Headlines are talking about the LSE shake-up and top stock picks are a mix of 82% BUY, 10% HOLD and 8% SELL.

1. BUY Iomart

Top stock picks pick this week is Buy Iomart Group by Royston Wild in The Motley Fool with a tip performance of 14%.

The Scottish IT company was founded in 1998, floated at 90p in 2000, peaked at 430p in 2018 and today is at 132p.

It reported record revenues in a recent announcement albeit with lower profits, due to the acquisition of Concepta Capital, an IT company.

Wild has held BUY ratings on Iomart Group since his first tip in 2020. In Stockomendation two out of two analysts rate it as BUY being Royton Wild and Shore Capital, where, out of interest, the analyst quoted in The Scotsman article is from. There are no active short positions in Stockomendation.

2. AVOID Made Tech Group

Second interesting stock pick this week is AVOID Made Tech Group by Steve Moore in ShareProphets with a tip performance of 8%.

Made Tech Group seems to be an IT services company that deals exclusively with the public sector. Founded in 2008, Made Tech Group share price listed at 140p in 2021 and has sunk to 18p where it is today.

Shares dropped a further 22% after a profit warning announcement earlier this week and Steve Moore gives a dire recount of the story to date in his article. The official company reason for the profit warning is delayed start dates, but Steve is sceptical and deems it an exciting stock for all the wrong reasons for investors!

3. BUY Petrofac

Third interesting stock pick this week is BUY Petrofac by Societe Generale with a tip performance of 5%.

The big news this week for this energy company confirmation of a 200 million contract in Lithuania to upgrade existing plant operations.

Petrofac was founded in 1981, listed at 193p in 2005 and sits at 71p today. Societe Generale has rated Petrofac as BUY since its first rating in 2014. Four out of four analysts in Stockomendation rate it as BUY, those are James Beard, Societe Generale, Berenberg and Jefferies. There are nine active short positions currently open.

Image credit Maria Lupan via Unsplash

Forewarned is forearmed! As always you can see the aggregated, performance monitored and ranked stock tips and picks data in Stockomendation which equips you to make good investing decisions. Check out www.stockomendation.com before your next trade for maximum understanding of your target stock.

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Disclaimer: The contents of this article should not be considered financial advice. Pricing data correct as at 5th May 2023.