3 FTSE 100 Shares Hitting New Highs

LONDON -- The FTSE 100 (FTSEINDICES: ^FTSE  ) achieved yet another 52-week high today, gaining 43 points to hit 6,090. The excitement over the U.S. fiscal-cliff deal has clearly not been dampened by fears that the U.S. Federal Reserve's "quantitative easing" program is nearing its end.

As the FTSE is reaching for the sky, so are a good few constituents of the various indexes. Here are three, including a couple of FTSE 100 giants, that are at or near record highs.

Today, SSE beat its previous 52-week closing high of 1461 pence, rising 1.1% to hit 1,466 pence. But the energy supplier still doesn't look excessively expensive, with current forecasts for the year to March putting the shares on a price-to-earnings ratio of 13, with a very nice 5.9% dividend yield expected.

The share price itself is up almost 50% since the recession bottom, and there aren't many investments that can provide such levels of combined growth and income.

BT (LSE: BT-A  ) (NYSE: BT  )
Shares in BT Group narrowly beat their previous year-high of 242 pence, creeping up 1.9% to 242.8 pence. The price has done well to rise nearly 25% over the past year. After the telecom giant saw its shares slide prior to the recession due to problems like its pension fund deficit, the price has gone on to recover well and has more than tripled since March 2009.

Forecasts suggest a dividend yield of 4%, which might not be as good as SSE's, but the superior share price growth has made BT a nice investment over the past few years.

Enterprise Inns (LSE: ETI  )
The Enterprise Inns share price recovery has been pretty impressive this year, with the 52-week high of 106 pence meaning it has four-bagged over the past 12 months. Of course, today's closing price of 104 pence is a long way from pre-recession levels, but that really won't matter to anyone who bought in a year ago.

Forecasts for September 2013 put the shares on a P/E ratio of only 5.2, but there is a lot of debt on the books.

Daily gains from shares can all play their part in making you your first million. The real secret to becoming rich from shares is simple long-term investing in fundamentally sound companies and letting steady growth and dividends power your wealth upward. If you don't think making a million is feasible, read The Motley Fool's report "10 Steps To Making A Million In The Market" and see if you change your mind. The report won't cost you a penny, so click here to have a copy delivered to your inbox while it's still available.

Read/Post Comments (0) | Recommend This Article (4)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2179516, ~/Articles/ArticleHandler.aspx, 9/28/2016 11:40:17 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,196.66 -31.64 -0.17%
S&P 500 2,153.99 -5.94 -0.28%
NASD 5,291.05 -14.67 -0.28%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/28/2016 11:24 AM
BT $25.64 Up +0.20 +0.79%
BT Group CAPS Rating: *****
BT-A $391.55 Up +4.55 +1.18%
BT CAPS Rating: No stars
ETI $91.25 Down -0.75 -0.82%
Enterprise Inns CAPS Rating: No stars
SSE $1545.00 Up +6.00 +0.39%
SSE CAPS Rating: No stars