House Prices Rise

Headlines say UK house prices rise across the UK and all stock picks are a mix of 79% BUY, 9% HOLD and 12% SELL.

1. BUY JD Sports

Top performing stock pick this week is BUY JD Sports Fashion by UBS with a tip performance of 7%.

JD Sports is a British sports-fashion retail company based in Manchester. Listed on the London Stock Exchange, JD. is a constituent of the FTSE 100 Index.

JD Sports share price launched at 3p in 1996, rose to an all-time high of 233p in 2021 and is today at 103p.

Yesterday (28 November) shares slumped 16% to a two year low as a result of this trading update with sluggish sales blamed on ‘trading volatility.’ UK budget woes of higher national insurance contributions and higher living wage has affected large retailers negatively, affecting their ability to compete with international players.

Shares bounced back at the announcement of the purchase of French sneaker company Courir in this RNS.

In Stockomendation UBS and Berenberg say BUY, Deutsche Bank says HOLD and Goldman Sachs says BUY. Three open UK Fund Manager Short Positions open, view those here.

2. OVERWEIGHT BT Group

Second top performing stock pick this week is OVERWEIGHT BT Group by Barclays with a tip performance of 5%.

BT Group is a British telecommunications holding company headquartered in London, England. It has operations in around 180 countries and is the largest provider of fixed-line, broadband and mobile services in the UK.

Founded in 1846 as the world's first public telegraph company, BT holds a royal warrant. It has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index.

BT Group share price first launched in 1984, rose to an all-time high of 1,053 in 1999 and is today at 140p.

In the news this week for the purchase by Bharti Global of a significant 24.5% of shares for a $4 billion ticket price, making it the largest shareholder. Bharti Airtel is India's second largest telecommunications company.

In Stockomendatino four analysts: Simon Watkins and Harvey Jones say BUY, UBS says SELL and Barclays has OVERWEIGHT.

3. OVERWEIGHT Melrose Industries

Third interesting stock pick this week is OVERWEIGHT Melrose Industries by JP Morgan with a tip performance of 5%

Melrose Industries is a British aerospace manufacturing company based in Birmingham. The parent company of GKN Aerospace, Melrose Industries 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 in 2024 and is today at 574p.

Shares jumped this week as JP Morgan replaced its previous target price of 650p with a new target price of 850p and placed them on a "positive catalyst watch." JP Morgan said the Aero Engine industry being highly attractive for investors.

In Stockomendation five analysts: Lauren Almeida and Deutsche Bank say HOLD, UBS says SELL, Morgan Stanley has EQUAL WEIGHT and UBS says SELL. There are four open UK Fund Manager Short Positions, view those here.

UK Fund Manager Short Positions
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Disclaimer: The contents of this article should not be considered financial advice. Pricing data correct as at 29th November 2024.