Shareholders of these companies can rejoice. Their investments were the best performers of the ASX 200 this week.
The post These 3 shares were the biggest gainers of the ASX 200 this week appeared first on The Motley Fool Australia. –
It’s been a good week for the S&P/ASX 200 Index (ASX: XJO), which has gained 1.68% since last Friday’s close. Though, these 3 shares have blown the ASX 200’s gains out of the water.
Let’s take a look at this week’s best performing shares of the index.
This week’s top performers
Origin Energy Ltd (ASX: ORG) – up 15.7%
Origin shares enjoyed a stellar week on the ASX despite there being no news out of the company.
But, as Motley Fool reported yesterday, the ASX 200 energy producer’s share price has been boosted by surging commodity prices, which underpinned solid gross domestic product (GDP) growth.
By the end of the week, the Origin Energy share price was trading at $4.72.
Worley Ltd (ASX: WOR) – up 15.6%
Since last Friday’s close, the Worley share price has gained an impressive 15.6% as a result of multiple announcements.
Worley’s contract with Celanese will see it conducting the engineering, procurement and construction of Celanese’s new acetic acid unit in Texas, United States.
Its contract for Shell will involve building a green hydrogen hub in the Netherlands.
Despite the good news, the Worley share price dropped during Tuesday’s trade – closing 0.5% lower than its previous session.
Luckily for shareholders, however, on Wednesday Worley released its investor day presentation. The presentation indicated that the company is set to deliver improved performance for the second half of the 2021 financial year.
Finally, Worley received multiple positive broker notes on Thursday as a result of its investor day presentation.
At Friday’s close, Worley shares were fetching $12.25 apiece.
Inghams Group Ltd (ASX: ING) – up 12.2%
This week, the Inghams share price seems to have been still basking in the glory of the company’s 2021 financial year earnings and guidance update, released last Friday.
The guidance seemed to exceed the market’s expectations, since the company’s shares gained 10% that day.
Then, on Monday, a note out of Goldman Sachs sent the poultry producer’s share price soaring once more when analysts retained their buy rating and lifted their price target on the Inghams share price to $4.50.
On Wednesday, Credit Suisse followed Goldman Sachs’ example. Credit Suisse retained its outperform rating on Inghams shares and lifted its price target to $4.10
Currently, one share in Inghams will set an investor back $3.83.
The post These 3 shares were the biggest gainers of the ASX 200 this week appeared first on The Motley Fool Australia.