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While American markets tremble after the competition of Chinese artificial intelligence (AI) Deepseek, FTSE 100It holds well. The leading index of Great Britain increased by 70 points as the week began, approaching the modern highest above 8572.
The company dealing with Steam management was independent of the campaign on Tuesday (January 18) Spirax group (LSE: SPX). This is an raise of 16% to a year (YTD), which makes it one of the best stocks of foot this month.
The British manufacturer, previously Spirax-Sarco Engineering, designs and builds sustainable industrial solutions used in thermal energy technology and liquids. It consists of three divisions: thermal solutions, electric thermal solutions and Watson-Marlow fluid solutions.
I don’t know much about the energy of steam and liquid, but Spirax is far from the dated boiler manufacturer. In fact, he is a leader in Great Britain in the field of industrial decarbonization. According to the company, this is “Placed for playing a key role in enabling an industrial passage to zero net. “
But this is certainly not the cause of quick profits this month. So I decided to take a closer look.
Why price raise?
Usually, when the supply grows, I check two things. Has he published a commercial update or was he tilted by a broker?
The latest Spirax results were published in November, so it’s not. But the main Jefferies broker introduced the purchase of shares on January 20. Since then, it increased by 7%, but at that time almost 9%increased.
So what prompted a positive assessment? When discussing the assessment, Jefferies felt a negative sentiment in relation to the action. He said “Many of the group’s last problems have not yet been fully solved“But he expects to recover in the next two to three years.
Before this year’s recovery, the price of shares fell by 60% from a five -year maximum $ 170.45 at the end of 2021. About 68.50 GBP began this year, but now it is approaching 80 GBP. The causes of earlier decline are not clear, but they probably result from the global industrial slowdown and uncertainty about the company’s valuation.
Solving problems, Spirax updated its name at the beginning of 2024, and then brought in July a modern financial director of Louis Burdett. He also launched a sustainable development strategy called “One Planet: Engineering with Curs”.
Is it worth considering?
While the recent profits are impressive, I see little evidence suggesting a final return. The actions enjoyed similar recovery at the end of 2023, only to immerse yourself again in the next quarter.
For investors looking for growth on FTSE 100, I think that the following three look more promising to consider.
IT service provider Componentter Yesterday he jumped by 7.2% (27 January) after the release of record results in the second half of 2024, Jefferies introduced an assessment of the purchase of shares, and analysts expect an average of 25.7% growth in the next 12 months.
BurberryRecently, he blew up messages after the notable luxury fashion house published a higher than expected sales in Q3 2024. Actions increased last week by 16%, increasing the price to a six -month level.
Airtel AfricaRecovery may surprise this week with the results this week. After selling assets not related to the core, it aims to focus on the basic markets and destroy growth.