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Highlights
- Boohoo shares fell over 1 per cent on Monday, despite the appointment of a new sustainability expert as a non-executive director.
- Marston’s disclosed its LTIP performance targets and also reported the delay of its LTIP 2020/2021 performance awards due to pandemic and other macro environment impacts.
As the pandemic continues well into the second year, investors have been increasingly looking at identifying interesting investment opportunities.
One equity category to consider is medium cap stocks which can potentially offer strong returns, depending upon the company and its fundamentals.
Also, some exchanges have a mid-cap index such; the FTSE 250 is generally termed as the mid-cap index on the LSE. Mid-cap stocks offer a wide opportunity for investors to pick stocks at fair or even below the intrinsic value. Not only this, but mid-cap companies with good growth prospects are also on the M&A target for many major companies.
In view of this, let us take a look at the investment prospects of 2 FTSE listed mid-cap stocks:
- Boohoo Group PLC (LON: BOO)
FTSE AIM 100 index listed firm Boohoo is a UK based online fashion retail firm. The group appointed a new sustainability expert as a non-executive director, Kirsty Britz, on Monday.
The group reported strong growth in its H1 2021 revenues, touching a record of £975.9 million, up by 20 per cent from £ 816.5 million in H1 2020.
However, it reduced its FY 2021 adjusted EBITDA outlook to a range of 9 per cent to 9.5 per cent, down from an earlier estimate of 9.5 per cent to 10 per cent due to headwinds from higher freight and wage inflation.
(Image source: EODHD/Others)
Boohoo’s shares were trading at GBX 210.90, down by 1.31 per cent on 4 October 2021 at 11:52 AM BST. Comparatively, the FTSE AIM 100 index was trading at 6,036.82, down by 0.07 per cent.
The company’s market cap stands at £ 2,702.35 million as of 4 October 2021.
- Marston’s PLC (LON: MARS)
Marston’s is a UK based pub and hotel operator. The group recently reported delaying its long-term incentive plan (LTIP) 2020/2021 to a later period due to the impact of the pandemic and economic environment.
The LTIP awards, for the three financial periods ending 30 September 2023, will be vested based on several targets of performance measures which included an on-target (or 50 per cent of vesting of awards) underlying earnings per share (EPS) performance of 6.9 pence per share and net cash flow of £215 million, amongst other measures and conditions.
(Image source: EODHD/Others)
Marston’s shares were trading at GBX 79.50, down by 4.79 per cent on 4 October 2021 at 12:19 PM BST. Comparatively, the FTSE All-Share index was trading at 4,023.96, down by 0.12 per cent.
The company’s market cap stands at £529.51 million and has a one-year return of 93.60 per cent as of 4 October 2021.
