Poor Co-ordination

Headlines say UK growth being held back by poor Whitehall co-ordination and alls stock picks are a mix of 76% BUY, 9% HOLD and 15% SELL

1. OVERWEIGHT Melrose Industries

Top performing stock pick this week is OVERWEIGHT Melrose Industries by Barclays with a tip performance of 6%.

Melrose Industries is a British aerospace manufacturing company based in Birmingham. It is the parent company of GKN Aerospace. The company's shares are listed on the London Stock Exchange as a constituent of the FTSE 100 Index.

Melrose Industries share price launched at 39p in 2003, rose to an all-time high of 670p and is today at 497p.

The company issued its final results for the year to December 2024 in this RNS on 6th March and despite stating strong revenue and profit growth shares slumped 25% in the week probably due to growth short of market expectations.

On 11th March Harvey Jones opined of Melrose as a bargain stock in this article after which shares rebounded.

In Stockomendation three analysts: Barclays and JP Morgan with OVERWEIGHT and RBC Capital with OUTPERFORM. There are four open short positions in Stockomendation, view those here.

2. OVERWEIGHT Just Group

Second top performing stock pick this week is OVERWEIGHT Just Group by JP Morgan with a tip performance of 5%.

Just Group is a British financial services company that specialises in retirement products and services headquartered in London. Listed on the London Stock Exchange, it is a constituent of the FTSE 250 Index.

Just Group share price launched at 193p in 2013, rose to an all-time high of 296p and is today at 139p.

On 7th March the company released results for the year ending December 2024 in this RNS stating positive results that beat estimates. Weirdly, shares fell 14% anyway, the largest one day drop since 2000.

In Stockomendation four analysts: Barclays and JP Morgan with OVERWEIGHT, RBC Capital with OUTPERFORM AND Deutsche Bank with BUY. There are no active short positions open.

3. BUY Breedon Group

Third top performing stock pick this week is BUY Breedon Group by Lauren Almeida in The Times - Tempus with a tip performance of 5%.

Breedon Group is a British construction materials company which has its headquarters in Leicestershire. Listed on the London Stock Exchange, it is a constituent of the FTSE 250 Index.

Breedon Group share price launched at 338p in 2023, rose to an all-time high of 487p and is today at 473p.

In her article Almeida brings attention to US expansion plans, strong results and profits as well as pricing.

In Stockomendation five analysts: Lauren Almeida and Berenberg with BUY, Morgan Stanley and Barclays with OVERWEIGHT and Citi with NEUTRAL. One open fund manager short position, view that here.

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Disclaimer: The contents of this article should not be considered financial advice. Pricing data correct as at 13th March 2025.