Is it the right time to buy these 3 FTSE stocks?

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Is it the right time to buy these 3 FTSE stocks?

 Is it the right time to buy these 3 FTSE stocks?
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Highlights

  • For the quarterly period ended 30 September 2021, THG recorded revenues of £507.8 million compared to £378.1 million, representing a year-on-year increase of 34.3%.
  • Land Securities announced a dividend of 15.5 pence per share for the half-year ended 30 September 2021 compared to 12.0 pence per share in 2020.
  • Premier Foods’ revenues stood at £394.1 million for the half-year ended 2 October 2021 compared to £421.5 million in the same period in 2020.

The overall economic growth in the UK is being faced with issues such as rising inflation, supply chain inconsistencies and worker shortage. In addition, poor economic growth is anticipated to impact foreign investment in the country, which is thereby expected to have an adverse effect on the stock market. However, stock markets are abuzz with earnings. Here is a detailed review of the investment prospect in three stocks – THG, Land Securities Group and Premier Foods.

 THG, Landsec & Premier Foods: Market cap details

 (Data source: Refinitiv)

THG Plc (LON: THG)

THG is a UK-based e-commerce company that operates more than 100 international direct to consumer (D2C) websites. Recently, Blackrock sold 58 million shares of THG at a discounted rate of 195 pence per share. Post the acquisition of Cult Beauty on 4 August 2021 the company has been successfully migrated to THG’s Ingenuity platform.

For the quarterly period ended 30 September 2021, THG recorded revenues of £507.8 million compared to £378.1 million, representing a year-on-year increase of 34.3%. The company’s beauty division recorded the highest year-on-year revenue growth at 57.2%, from £157.5 million in Q3 2020 to £247.6 million in Q3 2021.

The shares of THG closed at GBX 179.90, down by 8.17% on Tuesday, 16 November 2021. The market cap of the company stands at £2,381.58 million.

Land Securities Group Plc (LON: LAND)

Land Securities Group is a leading commercial property developer and investment firm based in the UK. Land Securities has announced plans to invest £135 million towards its net-zero transition investment plan aimed at significantly decarbonising its portfolio by 2030. The company also sold Harbour Exchange to Blackstone European Property Income Fund in a transaction valued at £196.5 million.

Land Securities’ profit before taxation rose to £275 million in H1 2021 compared to a loss of £835 million in H1 2020.

For the half-year ended 30 September 2021, Land Securities announced a dividend of 15.5 pence per share compared to 12.0 pence per share in 2020.

The shares of Land Securities Group closed at GBX 736.40, up by 3.69% on Tuesday, 16 November 2021. The market cap of the company stands at £5,265.97 million.

Premier Foods Plc (LON: PFD)

Premier Foods is a UK-based food manufacturer that owns brands such as Mr Kipling, Bird's Custard, Ambrosia, Angel Delight, Loyd Grossman, Homepride and Oxo, among others. Premier Foods operates through 16 sites across the country.

For the half-year ended 2 October 2021, Premier Foods’ revenues stood at £394.1 million compared to £421.5 million in the same period in 2020. Its adjusted profit before taxation remained relatively flat at £46.4 million during the period compared to £47.7 million in 2020.

The shares of Premier Foods closed at GBX 109.20, down by 4.38% on Tuesday, 16 November 2021. The market cap of the company stands at £981.53 million.

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