Hunting for Cheap Stocks

DIG THE DATA: Morningstar analysts pinpoint the most undervalued companies in the following sectors: insurance, banks and oil & gas

Alanna Petroff 16 January, 2013 | 6:31PM
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European fund managers believe insurers, banks and oil & gas companies are the most undervalued right now, according to the latest BofA Merrill Lynch Fund Manager Survey.

The January survey found that many European fund managers agreed that there was value in the oil & gas sector, with a net 30% of managers thinking the overall sector was undervalued. Banks and insurers were not far behind on the list of undervalued sectors.

Hunting for Cheap Stocks

With this information in mind, I did a scan of European-domiciled equities in Morningstar Select to see if I could find any companies within these three sectors that stood out as particularly undervalued. I found a number of undervalued companies specifically within the oil & gas sector...

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The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Aegon NV3.91 EUR0.00Rating
Julius Baer Gruppe AG57.24 CHF0.00Rating
Royal Dutch Shell PLC B1,577.40 GBP0.00Rating
Saipem SpA1.76 EUR0.00Rating
TechnipFMC PLC5.05 EUR0.00Rating
Transocean Ltd3.02 USD0.00

About Author

Alanna Petroff

Alanna Petroff  is a financial journalist with Morningstar UK.