30th June 2014
Analysts are tipping industrial transportation firm James Fisher & Sons as a share for investors seeking out niche growth opportunities.
The FTSE 250 member has already enjoyed a 43% share price rally in the past 12 months and despite the run, the broker consensus has the stock labelled a ‘buy’, with analysts at Westhouse Securities and Sanlam Securities among the firm’s fans.
But like many mid-caps, the share price has fallen since March by around 10% however experts believe this could be seen as a buying opportunity.
The business provides a range of specialist services which can be integrated into contract packages for, among others oil rigs, wharf operations, marine equipment and submarine rescue – giving it the potential for higher margins.
Commenting on the firm, which offers a prospective yield of 1.9%, Graham Spooner, investment research analyst at The Share Centre says: “The group has also been benefitting from contract wins with oil companies, not only in the North Sea region, but also Africa, Asia and South America. This has led to the majority of sales now coming from outside of the UK. Additionally, investors should acknowledge that the Offshore Oil and Specialist Technical part of the business experienced a notably strong first quarter.”