Analyst ranking service, TipRanks announced today that it has launched its services in the UK to give individual investors in the country smooth access to institutional-level tools at an affordable cost.
In an official press release shared with Finance Magnates, the company mentioned a significant rise in the number of clients using its stock research tools. Further, the company plans to grow users in the UK by giving British retail investors valuable insights into UK shares.
TipRanks notified that the UK is its first market outside North America. The company termed the recent launch as a ‘significant milestone’ in global expansion. Additionally, the platform is currently measuring and tracking approximately 800 professional analysts who cover UK listed stocks.
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Commenting on the recent launch, Uri Gruenbaum, CEO of TipRanks, said: “I am excited that retail investors in the UK and around the world can access our financial accountability service and can now see the historical performance of any analyst covering the London Stock Exchange. The UK launch of our platform is a significant milestone in our global expansion and is our first market outside of North America available to our direct clients. Investors in the UK can use our multi-award-winning research platform to tap into stocks in the UK, US and Canada with more countries coming soon.”
TipRanks identified the top 5 UK market analysts covering stocks listed on the London Stock Exchange. Andrew Ross, a London-based analyst from Barclays topped the list with a 71% success rate on 126 ratings. Alex Brooks from Canaccord Genuity grabbed the second spot followed by Silvia Cuneo from Deutsche Bank in third. Kai Korschelt from Canaccord Genuity and Guillermo Lojo from UBS also featured in the list in fourth and fifth respectively.
“Our goal is to level the playing field for individual investors in the UK by offering them access to institutional-level tools at an affordable cost. We track and measure over 800 professional analysts from 58 firms who cover UK listed companies,” Gruenbaum added.