UK share prices: I’d invest £10k in these stocks in an ISA to make a million

Stock markets have bounced from their 2020 lows but many UK share prices remain too cheap to miss. We here at The Motley Fool believe that share market corrections provide rare opportunities for share pickers to turbocharge the profits they make. They shouldn’t be used as a reason to sell everything and run for cover, as many investors have recently done.

History shows us that near-term costs of market crashes are negligible over the long term. The average buyer of UK shares can still expect to make excellent returns. Remember that you and I only rack up losses when selling stocks for cheaper than we buy them for. Those investors who have built high-quality stock portfolios will always see the value of their investments recover as economic conditions improve. If you remain confident in the long-term profits outlook for your shares the last thing you should do is sell.

3 great buys after the stock market crash As I say, I think the stock market crash provides a splendid investment opportunity for savvy investors. Let me illustrate some of the UK share prices I think are irresistible today.

• Premier Foods is a share I’ve had my eye on for a long time. It trades on a forward price-to-earnings (P/E) ratio of 9 times, a reading that makes it a great value buy whatever your appetite for risk. In the short term nervous investors can take heart from the company’s defensive operations. Demand for its essential foods will remain robust regardless of the economic downturn, and by extension this small cap’s annual profits performance. And the evergreen appeal of some of Premier Foods’s star labels (like Mr Kipling cakes) will underpin steady profits growth further out.
• Augean is another great pick for those hunting low UK share prices. Today it trades on a P/E ratio of just 11 times for 2020. I think it’s a reading that fails to reflect the bright growth drivers that should lead to strong profits at this firm – a specialist in the waste management business. With environmentalism high on the agenda of legislators, Augean can expect demand for its waste treatment, recovery, and recycling services to steadily pick up.
• I’d also consider buying Barratt Developments (LON:BDEV) at current prices. It’s a FTSE 100 share that I own and that has delivered some mighty dividend payments since I bought in. I’m confident that the housebuilder will reinstate payments before long and get back to doling out chunky cheques once the immediate economic shock of Covid-19 evaporates. Britain is still suffering from a homes shortage which is set to plague the 2020s like it did the last decade. And I’d buy Barratt and its forward P/E ratio of 11 times to capitalise on this.

More cheap UK share prices to buy today! These are only a few of the exceptional shares that are trading below true value right now. And even more irresistible UK share prices can be found be perusing The Motley Fool’s huge library of special reports. The stock market crash offers a great chance for investors like you and me to get rich. So do some research and get investing today!

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