TRADER TIPS: City insiders say buy travel website On The Beach, but sell struggling Marks & Spencer

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City & Finance Reporter for the Daily Mail

BUY THIS: On The Beach   

Analysts at Berenberg believe investors should buy shares in travel website On The Beach. 

Since its half-year results, its shares have fallen 26 per cent, but the bank is backing the firm to perform.

It said: ‘On The Beach remains a high-margin, high-return structural growth story and the pullback in its shares creates a compelling buying opportunity.’

Life's a beach: Analysts at Berenberg believe investors should buy shares in the travel website

Life's a beach: Analysts at Berenberg believe investors should buy shares in the travel website

Life’s a beach: Analysts at Berenberg believe investors should buy shares in the travel website

SELL THIS: Marks & Spencer

Cantor Fitzgerald is urging investors to sell their Marks & Spencer shares over doubts about whether management can turn around the troubled retailer.

Mark Photiades, an analyst at Cantor, said: ‘Whilst full-year 2018 results slightly beat expectations, the bigger question remains whether the current senior team can succeed in transforming M&S.’

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