3 FTSE 250 brokers estimate shares could rise by up to 29%!
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3 FTSE 250 brokers estimate shares could rise by up to 29%!

3 FTSE 250 brokers estimate shares could rise by up to 29%!

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Are you looking for the best? FTSE250 Sale stocks today? Here are three I’m tempted to buy the next time I have some spare cash to invest.

City brokers believe that share prices could rise by as much as 29% over the next year!

Bank of Georgia Group (LSE:BGEO)

Emerging-market stocks can be significantly riskier than those in the developed world. That sentiment certainly seemed to be the case recently with Bank of Georgia Group stock.

Social unrest in response to political changes at home is threatening economic growth. But the potential benefits of investing here are also significant. Pre-tax profits have risen 168% since 2019 as demand for financial products has surged.

Currently, four City analysts are rating the bank. And today, every one of them recommends the company as a Buy.

In addition, broker consensus indicates significant growth potential for Bank of Georgia stock over the next year. They predict it will rise to £54.94 per share over the next year, up from the current price of £42.65.

This estimate represents a significant premium of 29 percent over today’s price.

Chemring Group (LSE:CHG)

Supply chain problems persist in the aerospace and defense industries. But companies like Chemring Group still have a unique opportunity to boost profits as Western arms spending revives.

This particular defense giant specializes in countermeasures technology, such as chaff rounds fired from fighter jets to confuse missile targeting systems. And sales are booming at the moment. Indeed, Chemring has printed a record order of £345 million for the first half of 2024.

Of the six analysts rating the FTSE 250 company, five recommend it as a Buy, while one has given it an Underperform rating. The latter category suggests the stock will perform less impressively than the wider sector.

Analysts also expect the Chemring share price to rise significantly over the next year. They set an average target price of 446.3 pence per share, up from 382.5 pence currently.

This represents a solid 17 percent premium over today’s price.

Games Workshop Group (LSE:GAW)

Board games remain a niche activity. However, their popularity is growing rapidly around the world, which provides Games Workshop Group with a great opportunity to increase revenue.

The company designs, manufactures and sells miniatures, books and gaming systems through its stores and website. Competition is growing and the threat of counterfeits is growing. But products such as Warhammer: 40,000 should continue to be in high demand due to their exceptional quality.

The company intends to leverage this opportunity more effectively by licensing its intellectual property (IP) to major TV and film producers such as Amazon. This could take revenue to the next level.

Currently, four brokers have given Games Workshop shares positive ratings, with each of them having a Buy recommendation.

Like Bank of Georgia and Chemring, brokers agree that the Games Workshop share price is poised for a significant boost in the near future. The 12-month price target is set at £124, a significant increase from the current price of £103.90.

In fact, this forecast represents an 18% premium over today’s price.

Article 3. FTSE 250 stocks could rise by as much as 29%, say brokers! first appeared on The Motley Fool UK.

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John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a board member of The Motley Fool. Royston Wild holds positions at Games Workshop Group Plc. The Motley Fool UK has recommended Amazon and Games Workshop Group Plc. The views expressed about the companies mentioned in this article are the author’s own and may therefore differ from the official recommendations we make in our subscription services, such as Share Advisor, Hidden Winners, and Pro. At The Motley Fool, we believe that considering a variety of insights makes us better investors.

Motley Fool UK 2024