Inflation Fears

Inflation fears weigh and all stock picks are a mix of 82% BUY, 7% HOLD and 11% SELL.

1. SELL Fevertree Drinks

Top stock pick this week is SELL Fevertree Drinks by Goldman Sachs with a tip performance of 9%.

Fevertree Drinks is a premium producer of soft drinks based in London. Fevertree share prices listed on AIM market in 2014 at 165p, rose to an all-time high of 3,863p in 2018 and is now at 1,058p.

In the news this week after Goldman Sachs downgraded it to SELL from NEUTRAL and cut the target price from 1,075p to 1.050p, causing shares to sink 5.3%. Fevertree’s main market is US and sales are forecasted to be lower this year, along with lower UK sales.

In Stockomendation five analysts with five different ratings: Goldman Sachs with SELL, Deutsche Bank with BUY, RBC Capital with SECTOR PERFORM, Barclays with EQUAL WEIGHT and Ben McPoland with WATCH. There is one active short position open, view that here.

2. BUY Ithaca Energy

Second top stock pick this week is BUY Ithaca Energy by HSBC with a tip performance of 6%.

Ithaca Energy plc is a British based, Israeli owned, oil and gas company operating in the North Sea. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

Founded in 2004, Ithaca Energy share price launched at 233p in 2022 which was its all-time high, and is now at 128p. It is a part of the FTSE 250 index.

In the news this week for a new CEO ex Eni and further executive changes, shares were up 8% on Wednesday.

In Stockomendation four out of four analysts say BUY they are HSBC, Goldman Sachs, Jefferies and Jon Smith. There are no active short positions open.

3. UNDERWEIGHT Intertek

Third top stock pick this week is UNDERWEIGHT Intertek Group by Barclays with a tip performance of 4%.

Intertek Group plc is a British multinational assurance, inspection, product testing and certification company headquartered in London, England. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.

Based in London and founded in 1996, Intertek share price launched at 434p in 2002, hit an all-time high of 6,418p in 2020 and is now at 4,748p.

In the news this week with the launch of its textile testing product iCare in Bangladesh; plus insider dealing with the purchase of shares by its CEO. On Tuesday Barclays raised the target price from 4,200p to 4,750p.

In Stockomendation two out of five analysts say BUY they are Redburn Partners and Robert Stephens, Goldman Sachs is NEUTRAL and RBC Capital says OUTPERFORM and Barclays says UNDERWEIGHT. There are no active short positions open.

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Disclaimer: The contents of this article should not be considered financial advice. Pricing data correct as at 30th May 2024.