Another tax grab coming

Headlines tell us to prepare for the big pension tax grab and all stock picks are a mix of 76% BUY, 7% HOLD and 17% SELL.

1. SELL Roquefort Therapeutics

Top performing stock pick this week is SELL Roquefort Therapeutics by Tom Winnifrith in ShareProphets with a tip performance of 8%.

Founded in 2020, Roquefort Therapeutics is a biotechnology company focused on developing cancer treatments.

Roquefort Therapeutics share price launched at 9p in March 2021, rose to an all-time high in September and is now at 2p.

In his article Winnifrith mentions a deal recently undertaken by the company in this RNS. The proposed disposal for $US10.8 million is to sell the wholly owned subsidiary Lyramid to Canadian company Pleiades Therapeutics. Winnifrith highlights that Pleiades is currently undertaking fundraising despite presenting itself as fully funded. Winnifrith supposes the completion of the sale is contingent on the success of the fundraise and finalising ‘certain in-licensing transactions.’ Winnifrith makes the assumption that due to the lack of internet presence Pleiades is a startup company.

In Stockomendation Winnifrith is the only analyst with SELL and there are no active short positions.

2. BUY Deliveroo

Second top performing stock pick this week is BUY Deliveroo Class by Deutsche Bank with a tip performance of 6%.

Deliveroo is an online food delivery company. Founded in 2013, it operates in the United Kingdom, France, Belgium, Ireland, Italy, Singapore, Hong Kong, the United Arab Emirates, Kuwait, and Qatar.

Deliveroo share price launched at 282p in April 2021, rose to an all-time high of 386p in August of that year and is currently at 136p.

In this tip Deutsche Bank analyst Silvia Cuneo lowered the target price from 200p to 190p and reiterated the BUY rating initiated in February 2024.

Five analysts in Stockomendation: Deutsche Bank and Bank of America with BUY, JP Morgan has OVERWEIGHT, Exane says OUTPERFORM and Bernstein says MARKET PERFORM. Two open UK fund manager short positions, view those here.

3. BUY Crest Nicholson

Third top performing stock pick this week is BUY Crest Nicholson Holdings by Jefferies with a tip performance of 6%.

Crest Nicholson is a British housebuilding company based in Weybridge, Surrey. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

Founded in 1963, Crest Nicholson's initial public offering debuted in 1968. In 2007 it was acquired by a private company and delisted, and returned to London Stock Exchange in 2013 under the ticker CRST. Crest Nicholson share price launched at 265p in 2013, rose to an all-time high of 634p and is today at 174p.

On 30th January shares went into freefall until 4th February when Final Results were announced in this RNS. The announcement warned it could be at risk of breaching banking covenants due to fire remediation work and is a going concern due to lower than expected profits and debt.

By 5th February shares had regained and sat 3% lower than 7 days prior.

Three analysts in Stockomendation: Jefferies and UBS with BUY and RBC Capital with SECTOR PERFORM. Five open fund manager short positions, view those here.

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Disclaimer: The contents of this article should not be considered financial advice. Pricing data correct as at 6th February 2025.