4 FTSE stocks you can buy today: RPS Group, Wise Plc, Royal Mail & PHE

Be the First to Comment Read

4 FTSE stocks you can buy today: RPS Group, Wise Plc, Royal Mail & PHE

 4 FTSE stocks you can buy today: RPS Group, Wise Plc, Royal Mail & PHE
Image source: Vintage Tone, Shutterstock.com

Highlights 

  • MPC members of the BoE now will be meeting on 23 September to decide whether to taper the bond-buying program or not
  • The investor’s community will keep a keen eye on the policy meet, seeking signals on the bond-buying program and interest rate hike.
  • FTSE stocks, RPS Group Plc, Wise Plc, Royal Mail Plc and Powerhouse Energy Group Plc, are buzzing in today’s trade.

The Bank of England’s (BoE) Monetary Policy Committee (MPC), which sets monetary policy to meet the 2 per cent inflation target, unanimously decided to maintain Bank Rate at 0.1% at its meeting ending 4 August 2021. Also, the majority (7-1 members) voted in favour of maintaining bond purchases at £875 billion.

The Monetary Policy Committee (MPC) of the BoE meets eight times a year; now the MPC members will be meeting next on 23 September to decide whether to taper the bond-buying program or not. The positive business sentiments, stable inflation rate, and PMI data would help monetary policy members decide on the next course of action.

BoE’s policy committee has also appointed new Chief economist Huw Pill, who will replace Andy Haldane and be part of the nine-member committee next meet. Investors would be awaiting and seeking signals from committee members on the bond-buying program and Interest rate hike. All-important meet could guide the direction of the UK stock market.

Let us look at 4 FTSE listed stocks that are in focus today:

RPS Group Plc (LON: RPS)

The company provides project management related consultancy services in the United Kingdom and other countries.

The company provides its services to different industries like Energy, Transport, Defence, Mining, hence has a diverse source of revenue. The company reported consultancy fee revenue of £233.5 million in the first half of 2021 and a profit before tax of £9.8 million. Also, the company has reinstated its dividend pay-out with an interim dividend of 0.26p per share.

RPS Group Plc trades at GBX 112.97, down by 0.90% on 2 September 2021 at 1:35 pm GMT+1 with a market cap of £316.36 million.

Wise Plc (LON: WISE)

The company provides money transfer services, including currency exchange services to individuals and business clients.

Wise Plc listed its class A ordinary share on the London Stock Exchange on 7 July. The stock performance has been solid ever since its listing, with buying interest from all sorts of investors. The company reported 28% YoY growth in individual customers, with revenue of £123.5 million in the first quarter of 2022.

Wise Plc trades at GBX 1,004, up by 0.40% on 2 September 2021 at 8:44 am GMT+1 with a market cap of £9,945.90 million.

Copyright © 2021 Kalkine Media

Royal Mail Plc (LON: RMG)

The company operates logistics and postal services globally. The company serves individuals as well as business enterprises.

The company’s stock performance has been solid in the last one year, delivering high returns for its shareholders. The company saw higher demand for its parcel services during the lockdown period. In the first quarter of 2021-22, the company reported a 12.5% rise in group revenue at £3,158 million.

Royal Mail Plc trades at GBX 486.20, up by 0.10% on 2 September 2021 at 8.44 am GMT+1 with a market cap of £4,857 million.

Powerhouse Energy Group Plc (LON: PHE)

The company engages in hydrogen generation from its Distributed Modular Generation (DMG) technology using waste plastics.

The company operates in the very niche segment of energy production from waste material through its proprietary design. The company’s stock has been on investors radar and has delivered a return of over 50% this year. Last month, the company signed an agreement with Hydrogen Utopia International Plc, which would implement the company’s DMG technology in three countries.

Powerhouse Energy Group Plc trades at GBX 4.60, up by 2.22% on 2 September 2021 at 8.44 am GMT+1 with a market cap of £177.45 million.

Disclaimer

Speak your Mind

Featured Articles