3 FTSE 100 Shares Hitting New Highs: SSE, GKN, and Invensys

LONDON -- The FTSE 100 is crashing through its 52-week highs daily at the moment, having set yet another record today of 6,593 points before dropping back a little -- it's currently on 6,581, just 2.5 points down on the day. If the FTSE remains around that level for the rest of the day, that will be the fourth close in a row above the 6,500 level.

Which companies are helping the index attain these new heights? Here are three that are breaking new ground of their own:

Shares in electricity provider SSE  (LSE: SSE  ) climbed to a new 52-week high of 1,573 pence just after midday today, before settling back to 1,570 by mid-afternoon. That takes the price up around 18% over the past 12 months, which is a pretty good gain for shares that are usually bought for income.

Over the past four years, SSE has rewarded shareholders with annual dividend yields of around 6%, and even though the price has risen, the year to March 2013 should still bring in a yield of about 5.5%, with forecasts for steady rises over the following two years. Full-year results are due on 22 May.

Auto and aero parts maker GKN  (LSE: GKN  ) has also had a great year, with its shares up more than 50% over the past 12 months. Today the price reached 291 pence, beating March's 52-week closing high of 285 pence. Last month's update was positive, after the acquisition of Volvo Aero helped boost first-quarter sales by 8.6% to £1.9 billion, and it helped support a mini-surge in the share price.

Full-year forecasts indicate only a modest gain in earnings of around 2%, but that still only puts the shares on an undemanding forward P/E of 11. And the City is forecasting 13% growth for 2014, which would drop that to 9.5.

  (LSE: ISYS  ) shares have just about doubled in price over the past 12 months, setting a new record today of 400 pence, and they're just half a penny down from that as I write. The engineering software and services firm last updated us in January, telling us that it expects performance for the year to improve.

City analysts currently expect that performance to amount to a 25% rise in EPS, although that would put the shares on a P/E of around 23 -- which would be fine providing earnings carry on growing at a nice rate. Full-year results should be with us next Thursday, 16 May.

Finally, if you're looking for high-performing top-drawer shares 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 (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: 2421423, ~/Articles/ArticleHandler.aspx, 9/25/2016 10:34:09 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 12:08 PM
GKN $322.93 Up +2.03 +0.63%
GKN CAPS Rating: No stars
ISYS $0.00 Down +0.00 +0.00%
Invensys CAPS Rating: No stars
SSE $1538.94 Down -15.06 -0.97%
SSE CAPS Rating: No stars