3 FTSE Shares Hitting New Highs: TUI Travel PLC, Ashtead Group plc and Barratt Developments Plc

TUI Travel PLC (LON: TT), Ashtead Group plc (LON: AHT) and Barratt Developments Plc (LON: BDEV) are soaring.

| More on:

The content of this article was relevant at the time of publishing. Circumstances change continuously and caution should therefore be exercised when relying upon any content contained within this article.

When investing, your capital is at risk. The value of your investments can go down as well as up and you may get back less than you put in.

Read More

The content of this article is provided for information purposes only and is not intended to be, nor does it constitute, any form of personal advice. Investments in a currency other than sterling are exposed to currency exchange risk. Currency exchange rates are constantly changing, which may affect the value of the investment in sterling terms. You could lose money in sterling even if the stock price rises in the currency of origin. Stocks listed on overseas exchanges may be subject to additional dealing and exchange rate charges, and may have other tax implications, and may not provide the same, or any, regulatory protection as in the UK.

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More.

The bulls look to be returning to the FTSE 100 (FTSEINDICES: ^FTSE) these days, as it puts in a strong start this week. At the time of writing, the index of the UK’s biggest quoted companies is up another 51 points on the day to 6,501, and looking far more likely to regain the 13-year high of 6,876 points it set in May than to approach its 52-week low of 5,478 again.

But which individual companies are breaking new ground? Here are three from the various indices that are reaching higher:

TUI Travel

TUI Travel (LSE: TT) shares hit a new 52-week high of 379.9p this morning, before dropping back a few pennies to 376p by early afternoon. That takes the price up more than 120% over the past 12 months, after the travel operator posted two years of earnings growth and followed that with a strong first-half update in May.

At the time, chief executive Peter Long told us “we anticipate full year underlying operating profit growth of at least 10% on a constant currency basis”, and 10% is exactly the growth in earnings per share currently being forecast by the City. With that putting TUI shares on a P/E of 13, falling to 12 for 2014, there could be plenty more to come.

Ashtead

Equipment rental firm Ashtead Group (LSE: AHT) has had a terrific few years, with its share price more than 20-bagging since the depths of 2009 — and that includes a rise of around 175% over the past 12 months to a record 705.5p.

Results released at the end of June showed a 19% rise in revenue with a massive 87% rise in underlying pre-tax profit, and the company more than doubled its annual dividend to 7.5p per share. For the year to April 2014, current forecasts suggest a further 25% rise in earnings to give us a P/E multiple of 18, though the dividend is still on a low yield of around 1.2%.

Barratt

Barratt Developments (LSE: BDEV) is the latest of our housebuilders to set a new 12-month record, reaching 355p this morning and rewarding shareholders with a gain of more than 150% over the year. We have a trading update coming our way on Wednesday, and if it’s anything like May’s announcement of a 9.7% rise in reservations, the punters should be happy.

Results for the year to 30 June are due on 11 September, with City analysts expecting a 75% rise in earnings, and there’s a further boost of more than 60% currently being forecast for 2014. Dividends are also starting to make a comeback, with a modest 0.7% yield expected this year, though that is set to double next year.

Finally, if you’re looking for high-performing top-drawer shares that should take you all the way to a comfortable retirement, I recommend the Fool’s special new report detailing five blue-chip shares. They’ll be familiar names to many, and they’ve already provided investors with decades of profits.

But the report will only be available for a limited period, so click here to get your hands on these great ideas — they could set you on the road to long-term riches.

> Alan does not own any shares mentioned in this article.

Should you invest, the value of your investment may rise or fall and your capital is at risk. Before investing, your individual circumstances should be assessed. Consider taking independent financial advice.

More on Investing Articles

Bus waiting in front of the London Stock Exchange on a sunny day.
Investing Articles

At a record high, there can still be bargain FTSE 100 shares to buy!

The FTSE 100 closed at a new all-time high this week. Our writer explains why there might still be bargain…

Read more »

Asian man looking concerned while studying paperwork at his desk in an office
Investing Articles

After profits plunge 28%, should investors consider buying Lloyds shares?

Lloyds has seen its shares wobble following the release of its latest results. But is this a chance for investors…

Read more »

Abstract bull climbing indicators on stock chart
Investing Articles

Something’s changed in a good way for Reckitt in Q1, and the share price may be about to take off

With the Reckitt share price near 4,475p, is this a no-brainer stock? This long-time Fool takes a closer look at…

Read more »

Investor looking at stock graph on a tablet with their finger hovering over the Buy button
Investing Articles

This new boost in assets might just get the abrdn share price moving again

The abrdn share price has lost half its value in the past five years. But with investor confidence returning, are…

Read more »

Young Black man sat in front of laptop while wearing headphones
Investing Articles

As revenues rise 8%, is the Croda International share price set to bounce back?

The latest update from Croda International indicates that sales are starting to recover from the end of 2023, so is…

Read more »

Happy young female stock-picker in a cafe
Investing Articles

Q1 results boost the Bunzl share price: investors should consider the stock for stability

As the Bunzl share price edges higher, our writer considers whether this so-called boring FTSE 100 stock looks like a…

Read more »

Bus waiting in front of the London Stock Exchange on a sunny day.
Investing Articles

The top 5 investment trusts to buy in a resurgent UK stock market?

These were the five most popular investment trusts at Hargreaves Lansdown in April. And they're not the ones I'd have…

Read more »

woman sitting in wheelchair at the table and looking at computer monitor while talking on mobile phone and drinking coffee at home
Investing Articles

The smartest dividend stocks to consider buying with £500 right now

In the past few years, the UK stock market’s been a great place to find dividend stocks paying top yields.…

Read more »