Latest share tips: Balfour Beatty, Greggs & more

Here's your roundup of the latest share tips. See which companies the experts are buying, selling or holding this week.

Balfour Beatty, Smith & Nephew and Greggs are among the companies under the spotlight this week.

Balfour Beatty – BUY

Symbol: BBY.L

Index: FTSE 250

The infrastructure group’s annual meeting confirmed that trading remains in line, with strong cash generation.

Andrew Nussey, an analyst at Peel Hunt, has a ‘buy’ recommendation on the stock and a target price of 400p.

“As expected, the positive outlook is unchanged, and the company retained full-year 2024 earnings, cash and capital return guidance,” he said.

Smith & Nephew – BUY

Symbol: SN.L

Index: FTSE 100

The medical equipment manufacturer’s results delivered on expectations – but its shares still haven’t performed well in recent months.

Seb Jantet, a research analyst at Liberum, remains “somewhat perplexed” by the company’s valuation and has a 1300p target price in place.

“We remain of the view that there is short-term upside in the shares even if one isn’t convinced by the long-term investment case,” he said.

Greggs – HOLD

Symbol: GRG.L

Index: FTSE 250

The bakery chain’s trading update suggested the last couple of months have been slightly slower in like-for-like terms.

However, Jonathan Pritchard, an analyst at Peel Hunt, believes this won’t have an impact on forecasts and that the company is fairly valued.

“The shares have traded well recently and the valuation is full, reflecting the strong earnings growth visibility here,” he said.

Team17 Group – BUY

Symbol: TM17.L

Index: FTSE AIM 100

The video game developer’s full-year results reflected a good performance, despite a tough industry backdrop.

Katie Cousins, research analyst at Shore Capital, believes a share price of 400p would represent fair value for the stock – and suggests ample upside.

“The growth strategy appears well funded by cash and we see scope for outperformance when the market strength returns,” she said.

Vesuvius – BUY

Symbol: VSVS.L

Index: FTSE 250

The engineering firm’s first-quarter results were in line with expectations and the outlook for 2024 remains unchanged.

Harry Philips, an analyst at Peel Hunt, believes its performance in weak markets points to a potential upside when the backdrop improves.

“End markets are moving slowly into recovery, while the building blocks to a material margin uplift are clear,” 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.

Don't feel comfortable taking risks? Manage all your savings accounts in one place with Raisin, the simple savings service

*This article contains affiliate links, which means we may receive a commission on any sales of products or services we write about. This article was written completely independently.