Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



3 FTSE Shares Hitting New Highs

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

LONDON -- The FTSE 100 (FTSEINDICES: ^FTSE  ) continued its climb today, closing 0.18% higher at 6,439 points after briefly touching yesterday's high. After the FTSE set a new record yesterday, some individual companies are following suit today. Here are three reaching new levels.

Meggitt (LSE: MGGT  )
Shares in engineer Meggitt have soared since the firm reported strong full-year results on Tuesday, and today the price has reached a new 52-week high of 491 pence. The shares are now up 25% over the past 12 months and up more than fourfold since their 2009 low of 115 pence.

Earnings and dividends over the past five years have been growing, with the exception of a small earnings drop in 2009 and no change to the dividend that year. For 2013, flat earnings are forecast, putting the shares on a P/E of 13 -- but there's another dividend rise penciled in, and it should be well covered.

London Stock Exchange (LSE: LSE  )
Shares in the London Stock Exchange hit a new 52-week high today of 1,409 pence on the occasion of the firm's promotion to its own top-tier index, though they have since dropped to 1,381 pence. With a market cap of about 3.8 billion pounds, the LSE stormed into the FTSE 100 in its latest quarterly reshuffle, along with budget airline easyJet.

The recent bull run in the markets has helped push the shares up nearly 50% over the past few months after a previously lackluster year. After two years of earnings growth, forecasts are suggesting a couple of flat years, with the shares on a P/E of 14 to 15.

Ashtead (LSE: AHT  )
Ashtead Group shares hit a new 52-week record of 593 pence today. Anyone who bought the shares a year ago has seen their investment more than double. The latest good news for the construction support group comes from third-quarter results released on Tuesday, revealing a 26% rise in revenue for the three months to January, a doubling of operating profit, and earnings per share up a massive 175%. Full-year profit should be ahead of previous expectations, with forecasts suggesting an overall 55% earnings rise to 27 pence per share. We shall have to wait to see where the next reratings put it.

Dividends can add nicely to your investment returns -- they can be spent or reinvested according to your needs. Whether you're investing for income or growth, good old cash is always welcome. And that's why I recommend the brand-new Fool report "The Motley Fool's Top Income Share For 2013," in which our top analysts identify a share they believe will provide handsome dividend income for years to come. But it will only be available for a limited period, so click here to get your copy today.

Read/Post Comments (0) | Recommend This Article (1)

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: 2299629, ~/Articles/ArticleHandler.aspx, 9/25/2016 11:50:34 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 1 day ago Sponsored by:
DOW 18,261.45 -131.01 -0.71%
S&P 500 2,164.69 -12.49 -0.57%
NASD 5,305.75 -33.78 -0.63%

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

9/23/2016 12:11 PM
AHT $1229.89 Up +31.89 +2.66%
Ashtead Group CAPS Rating: No stars
LSE $2824.67 Down -28.33 -0.99%
London Stock Excha… CAPS Rating: No stars
MGGT $457.56 Down -5.24 -1.13%
Meggitt CAPS Rating: No stars
^FTSE $6909.43 Down -1.97 -0.03%
FTSE 100 CAPS Rating: No stars