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Redmayne-Bentley’s Top Trades

21 September 2017

Below we take a look at the most frequently traded shares through Redmayne-Bentley over the last couple of weeks and consider why they have been so popular.

CVS Group Plc (CVSG)

Index: FTSE AIM All-Share

Sector: General Retailers

Market Capitalisation: £857.49m

CVS Group has performed well of late, rising 4.34 per cent to 57p since the start of August. The group recently announced the acquisition of B&W Equine Vets, one of the UK’s leading equine veterinary groups. Simon Innes, chief executive, commented: “Our equine division has grown rapidly because we offer an ambitious and exciting vision for the future of equine practice … B&W is one of the UK’s premier equine practices, and we are delighted to welcome the team to CVS and look forward to working with it to help build an even more successful future.”

 

Next Plc (NXT)

Index: FTSE 100

Sector: General Retailers

Market Capitalisation: £7,455.77m

Next Plc shares have climbed 865p so far in September ahead of the release of its half-year results. Over the past 6 months, the stock has outperformed the FTSE 100 and UK general retailers by around 27 per cent and 24.5 per cent respectively. However, analysts predict that this positive momentum could possibly wane due to underwhelming results, including a 2.2 per cent drop in group sales, a 9.5 per cent drop in pre-tax profit and a 6.2 per cent drop in earnings per share. Nevertheless, analyst reacion was upbeat overall, citing strong results from Next Directory and upgraded guidance.

 

Lloyds Banking Group Plc (LLOY)

Index: FTSE 100

Sector: Banks

Market Capitalisation: £46,956.34

Lloyds Banking Group shares have been in a downtrend since late July following the release of the group’s half-year results, with the price declining from 69p in late July to 63p in early September. However, with the UK economy showing signs of weakness, the growing financial burden of PPI compensation claims and expected penalties following the launch of the FCA’s £42m claim awareness campaign, the medium to long-term outlook for the group may be difficult. Conversely, attractive valuations, robust management strategy and a favourable Brexit outcome could yield positive performance moving forward.

 

Top Trades is published every fortnight in Equity Insight, a newsletter written by our stockbrokers and investment managers. It provides fresh market commentary, a focus on individual sectors, technical analysis, potential trading opportunities and share reviews. Register now for your complimentary issue.

 

Please note that investments and income arising from them can fall as well as rise in value and you may lose some or all of the amount you have invested. Past performance and forecasts are not a reliable indicator of future results or performance. Please note that this communication is for information only and does not constitute a recommendation to buy or sell the shares of the companies mentioned.

Contact:
Ruth Peterson
PR Executive
Email: ruth.peterson@redmayne.co.uk
Tel: 0113 200 6476

Branch: Leeds (Head Office)

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