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ASHTEAD 5,500

P 5,400 5,300 13 Jun 5.412 5,200 5,100 7 Jun 8 Jun 12 Jun 9 Jun 13 Jun

Industrial equipment firm Ashtead reported a "record performance" in the year. The analysts praised a "strong FY23" and pointed to "significant M&A" which is continuing. Ashtead's guidance for the year ahead is "confident" too. The analysts rated it an "add" with a target price of 6,000p.

IOG

P 4.30 4.6 4.4 4.2 4.0 3.8 13 Jun 3.6 7 Jun 8 Jun 12 Jun 9 Jun 13 Jun

Gas developer IOG completed its drilling operations at the Blythe H2 well. Analysts at Peel Hunt said this was "positive" but warned that one or more of its bond covenants will likely be breached, particularly low gas prices. The stock is under review by the analysts until there is more clarity on the well.

IOMART

P 170 168 166 164 162 13 Jun 165 160 7 Jun 8 Jun 12 Jun 9 Jun 13 Jun

Iomart shares have surged in recent weeks but analysts at Peel Hunt noted that the rally is "unwarranted". The firm's revenue growth rests on M&A, with underlying growth flat. The lack of organic growth is a concern, the analysts said. The share was downgraded from an 'add' while the target price was unchanged at 145p.

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