Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Shares in provider of software and services to the publishing and media industries Ingenta plc (ING) were above 140p in November last year and went on to exceed 190p this January with forecasts of earnings per share of 12p for 2023 rising to 12.8p this year. Following the 2023 results announcement last month though, the shares are currently down to a 120p offer price and the following is why we suggest they are a recovery Buy.
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