Discover the Highest Potential Undervalued UK Stocks for Your Investment Today
Investing.com
Published Apr 09, 2024 10:09
Investing.com - Europe is trading mixed on Tuesday, with London's index in positive territory, which makes it stand out from the rest.
All this on a day in which we're waiting on new oil data (the price of Brent crude remains close to $91) and after the UK retail sales data for March, which showed a 3.2% rise in year-on-year data, making this the best month since last August, beating market consensus estimates.
If we look at the main shares in the index, Fresnillo (LON:FRES), Rio Tinto (LON:RIO) and BP (LON:BP), which has announced an increase in crude oil and gas production in the first quarter of 2024, stand out.
Should I invest in BP now?
BP is one of the stocks that investors may want to look at as part of their next portfolio update. It has an upside potential of 42.68%, with a fair value of 791.94 and good financial health.
But it is not the only option which stocks to invest in . In the ranking, after the energy company, we find Imperial Brands (LON:IMB) and Reckitt Benckiser (LON:RKT), which are also well below their theoretical value and have become recommendable bets.
They are followed by British American Tobacco (LON:BATS) and Hikma Pharma, as well as Kingfisher (LON:KGF). All of them will be below InvestingPro's theoretical value estimate, with a good recommendation on financial health. The latter two stocks are currently trading in negative territory.
If you're an InvestingPro user, you can see the full list of the 10 stocks you should be looking at now, along with additional data on the companies mentioned above.
Source: InvestingPro
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Written By: Investing.com
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