Tax Grab

Here comes the tax grab and top stock picks are a mix of 85% BUY, 5% HOLD and 10% SELL.

1. BUY Oxford Nanopore

Top stock pick this week BUY Oxford Nanopore Technologies by Berenberg with a tip performance of 7%.

Oxford Nanopore Technologies produces technology that can analyze biological data in real time. It was founded in 2005 as a spin-out from the University of Oxford. Uses include Research, Analysis, Diagnostics and Microbiology.

Oxford Nanopore share price launched at 615p in 2021, reached an all-time high of 710p later that year and is today at 138p.

On 3 September Oxford Nanopore released its half year results in this RNS stating it is on target in line with full year results. Some analysts remain sceptical as the company has lost 70% of its value since going public. However, the company is aiming for an ambitious growth rate.

On the same day at a price of 128p Berenberg reiterated its BUY rating after which the stock rose to 141p.

In Stockomendation Deutsche Bank and Berenberg say BUY, RBC Capital says OUTPERFORM and Gordon Best says WATCH. There are no active short positions.

2. BUY WAG Payment Solutions

Second stock pick this week is BUY W.A.G Payment Solutions by Jefferies with a tip performance of 7%.

WAG Payment Solutions, trading as Eurowag, is a Czech lorry management software and fuel cards payment provider. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

Eurowag share price launched at 135p in 2021, rose to an all-time high of 153p in the same month and is today at 74p.

Today (5 September) it released interim results in this RNS stating mixed results of lower pretax profit but 18% increase in net revenue. Nevertheless, Jefferies reiterated its BUY rating .

In Stockomendation three out of three analysts say BUY they are Jefferies, Deutsche Bank and UBS. There are no UK fund manager short positions currently open.

3. SELL Future Medical

Third interesting stock pick this week is SELL Futura Medical by Tom Winnifrith in ShareProphets with a tip performance of 7%

Futura Medical plc is a United Kingdom-based pharmaceutical company engaged in the development and sale of sexual health and pain relief products.

Based in Surrey and founded in 2001, Futura Medical share price launched at 73p in 2003, reached an all-time high of 102p in 2012 and is today at 38p.

In the news this week and released in this RNS that its leading product Eroxon will be sold in the US, this tip was placed at a price of 40p which sank to 37p two days later. It was up to 39p again 1 day later.

In Stockomendation Lucy Tobin of The Times and Liberum Capital say BUY whilst Tom Winnifrith says SELL. There are no active UK fund manager short positions open.

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Disclaimer: The contents of this article should not be considered financial advice. Pricing data correct as at 5th September 2024.