LONDON -- The FTSE 100
How long it will be before it crosses the 6,000 mark again is anyone's guess, but there are individual companies within the FTSE indexes reaching new highs every day. Here are three that made it today.
Associated British Foods
Associated British Foods
In fact, the strong run dates back to early 2009, when the shares were trading at 613 pence. Doubling in three years isn't bad at all. Looking forward, forecasts put them on a price-to-earnings ratio for the year of 15, falling to 13.5 for next year, which is close to the FTSE long-term average.
Rolls-Royce
Aero engine maker Rolls-Royce Holdings
Full-year forecasts are strong, with the shares on a prospective P/E of 15, though the 2.3% dividend isn't so big. If new contract progress can continue at the rate it has over the past year, we could be seeing more good times ahead.
Bunzl
Distributor and outsourcer Bunzl
The firm, which distributes a range of consumable products including food packaging, cleaning and hygiene supplies, protective equipment, and carrier bags, has also had a good few years. It has more than doubled from its 2009 low of 482 pence.
Finally, if you want to find shares that have a good chance of reaching new highs over the longer term, the free report "Top Sectors for 2012," put together by The Motley Fool's top analysts, should give you some ideas of where to look.
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