1st Apr 2025 10:06
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.
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SMALL-CAP - WINNERS
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Saga PLC, up 2.8% at 125.60 pence, 12-month range 93.40p-151.00p. Deutsche Bank raises its price target for the provider of travel and insurance services to people aged 50 and over to 185p from 154p. It has a 'buy' rating on the stock.
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SMALL-CAP - LOSERS
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CLS Holdings PLC, down 6.9% at 65.36p, 12-month range 62.50p-101.40p. The commercial property investment company reports a 15% decline in EPRA net tangible assets per share to 215.0 pence at the end of 2024 from 253.0p a year prior. CLS lowers its dividend by 34% to 5.28p per share from 7.95p. "Looking ahead, we believe the commercial property market is at or near the bottom of the current cycle across the UK, Germany, and France. Over the past year, the real estate sector has entered a period of cautious optimism, with signs of gradual recovery and stabilising investment activity. While economic uncertainties remain, improving market fundamentals, such as strong leasing take-up, a limited pipeline of new office supply, and moderating interest rates, are creating new opportunities. With a 30-year track record of successfully navigating market cycles, CLS is well-placed to capitalise on this improving landscape," Chief Executive Officer Fredrik Widlund says.
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XP Power Ltd, down 1.3% at 757.82p, 12-month range 746.00p-1,758.00p. The Singapore-based maker of power control systems falls after Jefferies cuts its price target to 900p from 1,440p. It has a 'hold' rating on the stock.
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By Eric Cunha, Alliance News news editor
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Related Shares:
SagaCLS HoldingsXp Power