LONDON -- The FTSE 100
But a stagnation in the index of the U.K.'s biggest shares isn't holding back individual constituents of the FTSE indexes. Here are three that have hit new 52-week highs this week.
TUI Travel
TUI Travel
Based on forecasts, the shares are on a full year price-to-earnings ratio of under 9, with a 5.5% dividend yield expected. Does that look cheap? Well, it could be, if the mooted recovery continues through the winter booking season.
Howden
Howden Joinery
Profits have been recovering slowly since the end of 2009, and though there isn't much of a dividend expected yet (still only around 1%), forecasts put the shares on a forward P/E of 10-11, and the firm has net cash.
Old Mutual
As further evidence of a strengthening insurance sector, Old Mutual
Analysts have 3.6% penciled in for this year, with 4.3% next, from shares on a P/E of 9.5, falling to 8.3. The rest of the insurer's interim figures, released Aug. 8, suggested slow and steady recovery.
If you want to find good dividend-paying shares, have a look at the free Motley Fool report “8 Shares Held by Britain's Super-Investor,” which takes a look at some of ace investor Neil Woodford's major holdings. Click here to get your free copy, while it's still available.
And if you're looking for riches from the oil and gas industry, try the new Motley Fool report “ How to Unearth Great Oil and Gas Shares .” It's free, so click here for your personal copy.
Further Motley Fool investment opportunities: