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5 Stunning Growth Stocks To Boost Your ISA: Standard Life Plc, Glencore PLC, Anglo American plc, Persimmon plc And Legal & General Group Plc

Standard Life

On the face of it, shares in Standard Life (LSE: SL) look to be fairly valued. After all they trade on a price to earnings (P/E) ratio of 16.1, which is roughly in-line with the rating of the FTSE 100, However, when you take into account that Standard Life is forecast to grow earnings at three times the rate of the FTSE 100, its appeal as an investment starts to make much more sense.

In fact, Standard Life has a price to earnings growth (PEG) ratio of just 0.7, which indicates that it offers growth at a very reasonable price. As such, it could deliver excellent share price performance and seems to be worth buying at the present time.

Glencore

Although the mining sector has endured a tough period, that doesn’t mean that stocks such as Glencore (LSE: GLEN) should be avoided. In fact, now is an opportune moment to add a slice of it to your ISA, since it has stunning growth prospects and trades at an attractive price.

For example, Glencore is expected to increase its bottom line by 26% in the current year, and by a further 51% next year. That’s a stunning rate of growth and, although it has a rather rich P/E ratio of 16.9, its PEG ratio of 0.2 indicates that its share price could move much higher.

Anglo American

Also offering growth at a reasonable price is Anglo American (LSE: AAL). Clearly, it’s been a challenging period for the diversified mining play, which mines a range of commodities such as iron ore, manganese, coal and copper. In fact, its bottom line is expected to be a quarter lower this year than it was in 2014 but, looking a further year out, things are set to improve.

For example, Anglo American is forecast to increase earnings by 39% next year which, when combined with a P/E ratio of just 12.6, equates to a PEG ratio of only 0.2. As such, and while the short term may be somewhat volatile, Anglo American has clear growth potential.

Persimmon

Whoever wins the upcoming General Election, all major parties are in agreement regarding increased housebuilding in the next parliament. As such, housebuilders such as Persimmon (LSE: PSN) look set to benefit from an improving operating climate – especially if, as expected, interest rates move upwards at a very slow pace.

So, it is perhaps of little surprise, then, that Persimmon’s earnings are forecast to rise by 17% in the current year, followed by 13% next year. While impressive, Persimmon’s current P/E ratio of 11.5 does not reflect the company’s considerable future potential, which makes it a very enticing growth play at the present time.

L&G

Despite rising by 17% since the turn of the year, shares in L&G (LSE: LGEN) still offer good value for money when compared to the wider index. For example, while the FTSE 100 has a P/E ratio of over 16 following its recent surge, L&G has a P/E ratio of 15.3. This indicates that it offers good value for money and could be subject to an upward rerating over the medium term.

That’s especially the case since L&G has superior growth prospects to the FTSE 100, with it being all set to increase its bottom line by 14% in the current year. And, with a PEG ratio of just 1.1, now could prove to be an excellent time to add L&G to your ISA.

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Peter Stephens owns shares of Persimmon and Standard Life. The Motley Fool UK has no position in any of the shares mentioned. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.