The ‘s a great place to find a wide selection of bargain shares. This follows several years of underperformance as investors have focused on overseas equities. These three stocks all look cheap at current prices, in my opinion.
In fact, City brokers believe they could rise by as much 44% over the next 12 months. And analysts overwhelmingly consider each of them to be a Buy. Here’s what we need to know about these stocks before considering them.
Ashtead Group Conditions remain tough in the US construction industry as higher interest rates persist. This poses an ongoing challenge to rental equipment supplier ( ). Yet the outlook here remains extremely bright.
Despite market softness, continue to rise strongly as the business expands to build market share. And as infrastructure spending in the US heats up I expect sales growth to steadily accelerate. Eighteen City analysts have ratings on the rental equipment provider right now.
Of these, 13 have a Buy rating on the company, four classify it as it a Hold, while just one reckons it is a Sell. What’s more, broker consensus is that the Ashtead share price has substantial room for growth. It’s tipped to hit £60.
26 per share in the next 12 months, up from current levels of £50.90. This represents a gigantic 24% premium from today’s price.
Reckitt ( ) shares have been hit by a double-whammy in 2024. Disappointing trading numbers and concerns over baby formula compensation costs have driven the business sharply to the downs.
