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

LONDON -- It seems a long time since the FTSE 100 (FTSEINDICES: ^FTSE  ) was hitting new heights almost daily, but it actually reached a five-year high of 6,534 points as recently as March 12. Fallout from Cyprus has knocked European markets back since then, but the U.K.'s top index is still sticking around the 6,400 mark, at 6,426 points as I write these words.

But even if the FTSE is not breaking records, some of its individual members are. Here are three that are soaring.

GlaxoSmithKline (LSE: GSK  ) (NYSE: GSK  )
Shares in GaxoSmithKline ended on a 52-week closing high yesterday of 1,527 pence, today they're up further to 1,538 pence. Since their lowest finish of 1,317 pence in November, the shares are now up 17%, which is a pretty big gain for the 75 billion pound pharmaceuticals giant.

And even after that, the constituent of the Fool's Beginners' Portfolio is on a forward P/E of only 13 for the year ending December 2013, with a dividend yield of 5.1% forecast. First-quarter results are due on April 24.

Associated British Foods (LSE: ABF  )
The highest close of the year from Associated British Foods came on March 14, at 1,902 pence, and the price has beaten that to reach 1,904 pence this morning. The shares are now up more than 50% over the past year, partly because the company's Primark brand is expected to bring in a 23% rise in sales at the halfway stage.

First-half results are due on April 23, with the City expecting an 11% rise in full-year earnings to 96 pence per share and a dividend of about 31.4 pence per share. But after the recent price climb, that puts the shares on a P/E of 19 and drops the dividend yield to just 1.7%.

Reed Elsevier (LSE: REL  )
Shares in publisher and event organizer Reed Elsevier set a 52-week closing high of 782 pence a couple of days ago, and today they have peaked above that by half a penny. That takes the price up nearly 40% over the past 12 months after 2012 full-year results showed a 6% rise in adjusted pre-tax profit to 1.71 billion pounds.

There's a 6% rise in earnings per share forecast for 2013, with a 6.6% rise in the dividend, which would provide a yield of 3.2% on today's price. That's perhaps not the best payout in the market, but the shares are on an average-looking P/E of 14.5.

Finally, if you're looking for investments that should take you all the way to a comfortable retirement, I recommend the Fool's special new report detailing five blue-chip shares. They'll be familiar names to many, and they've already provided investors with decades of profits. But the report will only be available for a limited period, so click here to get your hands on these great ideas -- they could set you on the road to long-term riches.

Read/Post Comments (0) | Recommend This Article (7)

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: 2336251, ~/Articles/ArticleHandler.aspx, 9/24/2016 8:41:36 PM

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 23 hours 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 12:09 PM
ABF $2669.67 Down -36.33 -1.34%
Associated British… CAPS Rating: No stars
GSK $1652.35 Up +3.35 +0.20%
GlaxoSmithKline CAPS Rating: No stars
REL $1463.87 Up +3.87 +0.27%
RELX CAPS Rating: No stars
^FTSE $6909.43 Down -1.97 -0.03%
FTSE 100 CAPS Rating: No stars
GSK $43.42 Down -0.16 -0.37%
GlaxoSmithKline CAPS Rating: ***