TRADER TIPS: Buy Balfour Beatty, sell Hargreaves Lansdown

Posted by on August 27, 2017

BUY THIS: Balfour Beatty

Berenberg recommends buying shares in the construction firm, praising its first-half results this month, which showed a 70 per cent rise in profits thanks to the returning strength of Britain’s construction industry.

With Balfour shifting focus towards large US and UK infrastructure projects such as HS2, Berenberg said its potential was not being priced in by the market.

Fast track: Balfour Beatty is shifting focus towards large US and UK infrastructure projects such as HS2

Fast track: Balfour Beatty is shifting focus towards large US and UK infrastructure projects such as HS2

SELL THIS: Hargreaves Lansdown

Liberum thinks it is time to sell DIY investment platform Hargreaves Lansdown, even though it reported strong profits this month.

The broker was put off by its decision to cut its special dividend to meet tough new FCA cash requirements.

Liberum said the firm faced increasing competition and could be hit by a review into the value being offered by investment platforms.





Courtesy: Daily Mail Online

Posted in: Investing

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