3 FTSE Shares Hitting New Highs

LONDON -- With the FTSE 100 (FTSEINDICES: ^FTSE  ) having spent the last two weeks steadily falling from the 13-year high of 6,876 points it set on May 22, we might be forgiven for thinking there would be no new records set by any of our big companies anytime soon. But even though the index has now fallen 446 points (6.5%) from its peak to 6,430 points as I write, we are indeed still seeing some companies reaching new heights.

Here are three from the various indexes that have set 52-week records this week.

Shares in online fashion supremo ASOS reached a 12-month high of 4,025 pence on Tuesday, lifting them by about 140% over the past 12 months. In the couple of days since, the price has dropped to 3,817 pence, but that's still a remarkable performance over the year.

Despite a fall in earnings per share last year after several years of double-digit rises, there's a return to earnings growth forecast for the year to August 2013, with a rise of about 60% predicted. But based on the current share price, that puts the shares on a P/E of a rather heady 80!

Kingfisher (LSE: KGF  )
Kingfisher, the owner of the U.K.'s B&Q and Screwfix brands, is perhaps not the kind of company we might consider a highflyer. But the shares have gained nearly 30% over 12 months to reach a high of 354.5 pence on Tuesday before slipping back a bit to today's 341 pence.

With a 6% rise in EPS forecast for the year to January 2014, Kingfisher shares are on a less stratospheric forward P/E than ASOS of just 14.5, which is close to the FTSE long-term average of about 14. There's also a dividend yield forecast of about 3%.

IG Group (LSE: IGG  )
Volatile markets are good for firms like IG Group Holdings, the financial-markets bookmaker, and it shows. The share price is up 35% over the past 12 months to a new peak on Tuesday of 605 pence -- and today it's not far behind that, on 591 pence.

Third-quarter figures released on March 12 were solid, with revenue growing 18% and ahead in all regions -- U.K. revenue was up 15%, with Europe providing growth of 22%. The firm did offer a caution that "a degree of uncertainty exists around consumer sentiment more broadly." We should have our next update on June 11 and full-year results on July 23.

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 (7)

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: 2475086, ~/Articles/ArticleHandler.aspx, 8/25/2016 2:42:31 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 Moments ago Sponsored by:
DOW 18,439.66 -41.82 -0.23%
S&P 500 2,172.51 -2.93 -0.13%
NASD 5,209.43 -8.26 -0.16%

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

8/25/2016 12:09 PM
ASC $4552.64 Down -94.36 -2.03%
ASOS CAPS Rating: No stars
IGG $944.24 Down -5.76 -0.61%
IG Group Holdings CAPS Rating: No stars
KGF $373.01 Down -0.99 -0.26%
Kingfisher CAPS Rating: No stars
^FTSE $6816.90 Down -18.88 -0.28%
FTSE 100 CAPS Rating: No stars