Pandemic Winners Suffer

Pandemic winners suffer $1.5tn fall in market value and all stock picks are a mix of 89% BUY, 5% HOLD and 6% SELL.

1. HOLD Frontier Developments

Top stock pick this week HOLD Frontier Developments by Berenberg with a tip performance of 9%.

Frontier Developments plc. is a British video game developer founded in January 1994 headquartered at the Cambridge Science Park in Cambridge.

Frontier Developments launched at 161p in 2013, rose to an all-time high of 3,300p in 2021 and is today at 303p.

On 7th May it issued a trading update in this RNS announcing higher revenue and lower costs than expected. Analysts at Berenberg hiked their target price on video game business Frontier Developments from 170p to 300p on Wednesday. With the share price has risen 14.6% over the past month, the second top stock pick this week is BUY this stock by Shore Capital with a performance of 6%.

In Stockomendation Shore Capital says BUY, Berenberg and Jefferies say HOLD, Steve Moore says WATCH and Emma Powell says AVOID. There are no active short positions open.

2. BUY Babcock

Second stock pick this week is BUY Babcock International by Deutsche Bank with a tip performance of 5%.

Babcock International is a British aerospace, defence and nuclear engineering services company headquartered in London. It specialises in managing complex assets and infrastructure. Although the company has civil contracts, its main business is with public bodies, particularly the United Kingdom's Ministry of Defence and Network Rail. The company has four operating sectors, with overseas operations based in Africa, North America, South America, Europe and Australia.

Founded in 1891, Babcock share price listed on London Stock Exchange at 173p in 1993, rose to an all-time high of 1,265p in 2014 and is today at 524p.

Deutsche Bank reiterated its BUY rating on Babcock shares this week, the same week Berenberg reissued its BUY rating with a 510p price target.

In Stockomendation four out of five analysts say BUY they are Deutsche Bank, Berenberg, Phil Oakley and Mark David Hartley; and JP Morgan says OVERWEIGHT. There are no active short positions currently open.

3. SECTOR PERFORM Johnson Service

Third interesting stock pick this week is SECTOR PERFORM Johnson Service Group by RBC Capital with a tip performance of 3%

Johnson Service Group is the leading provider of workwear in the UK. Headquartered in Cheshire, the company provides textile rental and related services across a range of sectors throughout the UK.

Founded in 1952, Johnson Service Group launched on the London Stock Exchange in 1997 at 332p, reached an all-time high of 448p in 2005 and is today at 155p.

In the news this week for a 52-week high share price and an increased dividend to £0.009p.

In Stockomendation three out of five analysts say BUY they are Deutsche Bank, Peel Hunt and Berenberg; RBC Capital says SECTOR PERFORM and Barclays says OVERWEIGHT. There are no active short positions currently open.

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Disclaimer: The contents of this article should not be considered financial advice. Pricing data correct as at 9th May 2024.