Analysts Drop WPP from Value Stocks List

Firms that left the European value stocks list this month included WPP, Nordea Bank, ConvaTec Group and Naturgy Energy Group

Alex Morozov, CFA 7 September, 2018 | 8:48AM
Facebook Twitter LinkedIn

September’s edition of the Morningstar Europe Core Pick List features our most attractively valued European-domiciled names with sustainable competitive advantages, or economic moats. Our top picks across each sector are chosen based on their uncertainty-adjusted discounts to their intrinsic value.

This month’s list saw a moderate amount of turnover, as trading-level fluctuations and fair value estimate changes were minimal during August.

Firms that left our list this month included WPP (WPP), Nordea Bank, ConvaTec Group and Naturgy Energy Group. Our overall European coverage trades at an average of 104% of our fair value estimates.

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

To view this article, become a Morningstar Basic member.

Register For Free

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.

Facebook Twitter LinkedIn

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
British American Tobacco PLC2,825.00 GBX-0.72Rating
BT Group PLC200.20 GBX1.44Rating
Imperial Brands PLC1,600.50 GBX-0.90Rating
Kingfisher PLC349.60 GBX0.72Rating
Sage Group (The) PLC681.00 GBX1.34Rating
SSE PLC1,570.00 GBX-0.22Rating
WPP PLC1,017.50 GBX0.84Rating

About Author

Alex Morozov, CFA  Alex Morozov is the director of the health-care team at Morningstar.

Audience Confirmation


By clicking 'accept' I acknowledge that this website uses cookies and other technologies to tailor my experience and understand how I and other visitors use our site. See 'Cookie Consent' for more detail.

  • Other Morningstar Websites
© Copyright 2021 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Cookies       Modern Slavery Statement