…and some to hold, avoid or sell
Berkeley Group The Sunday Times
Analysts are divided on prospects for the residential developer, which has been buying discounted land in the southeast. But building in Birmingham, where house prices are rising, should reward. Hold. £37.79.
JD Wetherspoon The Times
Although sales at the 900-strong pub chain are up, costs are “considerably higher” than last year. The rising minimum wage and a slide in the pound will impact already tight margins. Hold. £11.93.
Kier Group Investors Chronicle
The construction group has struggled with high debt, weak cash conversion and low margins. Now a “shambolic” rights issue has forced a change of leadership, prolonging uncertainty. Sell. 531p.
Metro Bank Investors Chronicle
The high-street challenger is “paying the price of its aggressive expansion strategy”. As lending growth outpaces deposits, it has warned on profits and regulatory capital levels. Sell. £15.50.
Primary Health Properties The Mail on Sunday
PHP’S all-share merger with Medicx will create a group with some 480 modern health centres. Income is secure with 90% of rents guaranteed by the NHS, and the prospective yield is almost 5%. Hold. 113p.
St James’s Place The Times
There is an “uncanny resilience” about the wealth manager, which operates from 22 offices in the UK, and beyond. Inflow growth averages at 17% per year and customer retention is 96%. Hold. 962p.