Takeover and Top Stock Picks

Headlines this week were all about the Credit Suisse takeover and top stock picks were 85% BUY, 7% HOLD and 8% SELL.

1. ADD Fevertree

Top stock pick this week was ADD Fevertree Drinks by James McCombie in The Motley Fool with a colossal tip performance of 12%.

James placed the tip on 20 March, 1 day before shares surged at the news of positive 2022 results. And kept on going up, 12% in fact. It seems the market for expensive mixers is back with pre tax profits up and 23% growth.

No flash in the pan, Fevertree opened at 165p back in 2014 and has risen fairly solidly to where it is today at 1,184p.

Analysts are a mixed bag with Jefferies, Barclays and JP Morgan HOLD or EQUAL WEIGHT, Deutsche Bank says SELL and McCombie is on his own with ADD. There are 5 active short positions on Fevertree drinks in Stockomendation with the largest position at 0.81% held by Blackrock.

2. BUY Jubilee Metals

Second top stock pick this week was BUY Jubilee Metals Group by Berenberg with a tip performance of 12%.

Berenberg reiterated its BUY rating on the metals processing and recovery company and set a target price of 20p up a full 12p from the current price of 8p. The German bank said Jubilee is a sustainable metals company more than a mining company as it recovers chrome, platinum group metals and copper from mine tailings. With global shortages and call for more reuse Berenberg is backing an upward trend. Upward trends are rare to Jubilee having opened in 2002 at 17p, skyrocketing up to an all-time high of 124p by 2007 and make its way slowly back down to 8p.

4 out of 4 analysts rate it as a BUY in Stockomendation being Berenberg, Royston Wild of Motley Fool, Tom Winnifrith of ShareProphets and Hot Stock Rockets. There are no active short positions in Stockomendation.

3. AVOID Tribal Group

Third interesting top stock pick this week was AVOID Tribal Group by Steve Moore in ShareProphets with a tip performance of 8%.

Bit of a woeful journey for this education software provider. It listed at 171p in 2001 and is now at 36p. So, it’s been a long and stable journey albeit in the wrong direction.

Steve Moore placed the tip on 20 March after it fell off a cliff on the 17th. Steve reported the news of not only the termination of a major contract but a lawsuit for damages claimed. It’s a hostile negotiation with Tribal refusing to acknowledge the termination and we foresee a windfall for lawyers somewhere.

Steve is not too dogged about underlying ill health but writes about the basis of his decision being the loss of this contract only.

Oddly, Steve is the only analyst rating Tribal as a SELL in Stockomendation with three out of four saying BUY. Those are Royston Wild of The Motley Fool, Rupert Hargreaves and Alan Oscroft. There are no active short positions.

Image Credit: Fevertree

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Disclaimer: The contents of this article should not be considered financial advice. Pricing data correct as at 24th March 2023.