3 FTSE Shares Hitting New Highs This Weekhttp://www.fool.com/investing/international/2012/09/13/3-ftse-shares-hitting-new-highs-this-week.aspx Alan Oscroft
September 13, 2012
LONDON -- The FTSE 100 (INDEX: ^FTSE ) is still edging its way toward its 52-week high of 5,989 points, up 12 points on the day so far to 5,794 -- less than 200 points short. Though such short-term moves don't amount to much for Foolish investors, we generally want to see a long-term rising trend.
And however long it takes for the index of U.K. blue chips to reach a new high, individual members of the various indexes are hitting new levels every day. Here are three that have been doing just that this week.
Lloyds TSB (LSE: LLOY.L )
That's still far from precrash prices, but the bank could seriously be on the up again. Forecasts for this year aren't terrific, but there's a near-doubling of earnings per share forecast for the year ending December 2013, which would drop the price-to-earnings ratio to 11 based on today's price, and we should be seeing the start of a return to reasonable dividends -- albeit only 1.2% for 2013.
Standard Life (LSE: SL.L )