In the midst of global financial market chaos, TipRanks’ tools serve as a guiding light for investors, and one of the most powerful is the TipRanks Smart Score, which assigns a rating to the stocks between one and ten based on eight key factors.
Here, we’ve used it to pick two British stocks which could be perfect for your portfolio.
Investment manager Man Group (GB:EMG) and financial services company TP ICAP (GB:TCAP) have a scored a perfect 10 on the TipRanks Smart Score tool.
Stocks with high scores like eight, nine, and ten are more likely to beat the market’s returns.
Let’s have a closer look at them.
Man Group
Man Group is an investment management company and manages around $142.3 billion for its clients globally.
The company’s stock has been performing fairly well, with around 21% returns in the last year. Despite a volatile market, the company managed to post a strong first-half performance for 2022. This is surprising – as the company’s performance is very dependent on market returns.
The company’s assets under management in hedge funds jumped to $73.5 billion in June 2022, which is almost 16% higher than last year.
Moving into 2023, the company has increased its investment in Asia, especially in China. The company believes the Asian markets will recover early when the inflationary pressures subside.
The company is confident of a better second half for 2022 based on better fee revenues and client engagement, with some volatility in the short-term.
Man Group share price forecast
According to TipRanks’ analyst rating consensus, Man Group stock has a Moderate Buy rating.
The EMG target price is 283.7p, which is 13% higher than the current price level. The price has a high forecast of 330p and a low forecast of 210p.
TP ICAP
TP ICAP is a UK-based financial services company providing information services, broking services, and market execution services.
After hitting a low point in March 2022, the company’s stock has gained some momentum and is trading up by 8.3% in the year to date. The company has benefited from the higher trading activities due to rising inflation and the Russia-Ukraine war.
The company posted better than expected half-yearly results for 2022, driven by higher volumes on its trading platform. The company’s revenues increased by 15% to £1.08 billion, and profit increased to £101 million from £75 million last year. The company’s positive numbers were boosted by higher margin rates across all business segments.
The company expects its profitability to continue in the second half of the year as stricter monetary policy will lead to more volatility in the market, benefiting the company.
Are TP ICAP shares a good buy?
According to TipRanks’ rating consensus, TP ICAP stock has a Strong Buy rating, based on three Buy recommendations.
The TCAP target price is 210.0p, which represents a growth of 25% on the current price level. The price target has a high and a low forecast of 210p.
Conclusion
Both the companies posted good numbers in their first-half results and are well-positioned for the same in the second half. The companies’ confidence in their profitability, along with their perfect score of 10, makes them an perfect addition to a portfolio.
