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.
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.
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.
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.
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