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Weekly share tips: Big Yellow, Babcock and more

Weekly share tips: Big Yellow, Babcock and more

Here's your latest share tips roundup where the experts reveal which companies they're buying, selling or holding this week.

Rob Griffin

Investing and pensions

Rob Griffin
Updated on 25 November 2022

Big Yellow, Babcock and Cranswick are among the companies under the spotlight this week.

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1. Cranswick – HOLD

Symbol: CWK.L

Index: FTSE 250

Cranswick share price (Image: Google)

The food producer enjoyed strong like-for-like sales growth in the first half of the year and is looking to recover the inflationary increases.

Charles Hall, an analyst at Peel Hunt, has made a 2% reduction in his forecast to reflect the tough environment and higher finance costs.

“Market conditions in the UK are expected to remain challenging given the scale of input cost increases combined with pressure on consumer budgets,” he said.

2. Babcock International Group – BUY

Symbol: BAB.L

Index: FTSE 250

Babcock International Group share price (Image: Google)

The aerospace and engineering group’s first-half results were ahead of expectations, while the Ukraine situation illustrated the need for defence.

The management has reshaped the business over the last 18 months and restored confidence in the accounts, according to Joe Brent, an analyst at Liberum.

“We believe that the low valuation provides an interesting entry point,” he said.

3. MJ Gleeson – BUY

Symbol: GLEG.L

Index: FTSE All-Share

MJ Gleeson share price (Image: Google)

The housebuilder’s AGM statement confirmed a significant softening in recent trading, with a sharp increase in the cancellation rate.

While site numbers are in decent shape, reduced reservations mean further downgrades are likely, warned Sam Cullen an analyst at Peel Hunt.

“Before the AGM, the shares had fallen 52% year to date, in line with the wider sector,” he said.

4. Fuller, Smith and Turner – HOLD

Symbol: FSTA.L

Index: FTSE All-Share

Fuller Smith share price (Image: Google)

The hospitality group’s sales have broken back through pre-Covid levels as city-based pubs have come back to life in recent months.

The coming weeks should also remain buoyant with the World Cup and strong Christmas bookings, according to Anna Barnfather, an analyst at Liberum.

“However, trading conditions are increasingly challenging,” she said.

“We leave forecasts broadly unchanged with tube/train strike impact and higher inflation offset by Government energy support.”

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5. Big Yellow – HOLD

Symbol: BYG.L

Index: FTSE 250

Big Yellow share price (Image: Google)

The storage company delivered further growth in the first half of the year, with like-for-like revenue up 8% as average net rents rose.

The results prompted James Carswell, an analyst at Peel Hunt, to upgrade his rating on the stock from ‘reduce’ to ‘hold’.

“Overall, this is once again a strong set of results,” he said.

 

The information included in this article does not constitute regulated financial advice. You should seek independent, professional financial advice before making any investment decision.

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