After a shaky start to the day the benchmark S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has managed to build on yesterday’s solid gain and finds itself up 0.2% to 5,783 points in afternoon trade.
Four shares climbing more than most today are listed below. Here’s why they have climbed higher:
The Ansell Limited (ASX: ANN) share price has risen 3% to $23.96 following the release of a positive broker note out of Ord Minnett. According to the note, the broker has upgraded Ansell’s shares to an accumulate rating with an increased price target of $25.50. Ord Minnett has upgraded its earnings estimates for Ansell, believing that its transformation program could be working.
The Bellamy’s Australia Ltd (ASX: BAL) share price has continued its strong run with a 5% gain to $10.27. This morning the organic baby food and infant formula company upgraded its full-year guidance following a strong start to FY 2018. Management is now targeting FY 2018 revenue growth of between 15% and 20% for its core business, compared to previous revenue growth guidance of between 5% and 10%.
The iSignthis Ltd (ASX: ISX) share price has rocketed 13% to 17 cents after the provider of identification and payment authentication services announced that it has completed the integration of its services with cryptocurrency payment processor BuyCoinNow. Management expects this to contribute to revenue immediately. While it looks like it has a lot of promise, I would hold off making an investment in iSignthis for the time being.
The Livetiles Ltd (ASX: LVT) share price has surged almost 9% higher to 31 cents after the digital workplace platform provider announced that its annualised subscription revenue has reached $5 million as of the end of September. This is a 242% increase on the prior corresponding period and demonstrates why LiveTiles is arguably one of the most exciting tech shares on the ASX right now.
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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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