JPMorgan's Guy Anderson: 3 UK Stock Picks

Valuations in the UK small and mid-cap space are compelling, but caution is still advised says JPMorgan's Guy Anderson, who isn't gearing up quite yet

David Brenchley 23 November, 2018 | 9:24AM

Oil rig, shale gas, oil price, UK stocks, FTSE 250, stock market

Valuations in the UK small and mid-cap space might look cheap, but a plethora of uncertainties means JPMorgan’s Guy Anderson is feeling cautious.

The recent de-rating of the FTSE 250 has not come from earnings downgrades, but rather from non-fundamental factors such as geo-politics. As a result, the price/earnings multiple on the index has decreased substantially.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Amigo Holdings PLC9.94 GBX-1.43
Auto Trader Group PLC560.40 GBX-0.11
Hunting PLC196.00 GBX5.09
Mercantile Ord231.50 GBX-0.64

About Author

David Brenchley

David Brenchley  is a Reporter for Morningstar.co.uk

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