In afternoon trade the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is on course to finish the week on a high. At the time of writing the benchmark index is up 0.4% to 6,207.2 points.
Four shares climbing more than most today are listed below. Here’s why they are ending the week with a bang:
The Nanosonics Ltd (ASX: NAN) share price has stormed over 5% higher to $3.60. The infection control specialists’ shares have been on fire over the last couple of days following the release of a positive broker note out of Wilsons. According to the note, the broker has slapped a buy rating and $4.00 price target on Nanosonics’ shares. This price target implies further upside of approximately 11% for its shares.
The Navitas Limited (ASX: NVT) share price has risen 3% to $4.51 after the education services provider announced the signing of an agreement with The Hague University of Applied Sciences for a new pathway college. The agreement is for a 5 year period and the college will commence teaching from 1 September 2019.
The OFX Group Ltd (ASX: OFX) share price has surged almost 6% higher to $2.36 despite there being no news out of the money transfer company. Earlier today the company’s shares hit a 52-week high of $2.38, bringing their year to date return to an impressive 67%. Investors appear pleased with the progress the company has made over the last 12 months and the big improvement in its operating performance.
The Syrah Resources Ltd (ASX: SYR) share price is up 3.5% to $2.34. The embattled graphite miner’s shares were given a boost today after the release of a positive broker note out of Credit Suisse. According to the note, the broker has retained its outperform rating and massive $5.50 price target on Syrah’s shares. Credit Suisse appears to be pleased that the company has finalised a mining agreement with authorities in Mozambique.
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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Nanosonics Limited. 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 Scott Phillips.