Persimmon (PSN) & Imperial Brands (IMB): 2 blue-chip stocks to buy

January 04, 2022 09:41 AM EST | By Suhita Poddar
 Persimmon (PSN) & Imperial Brands (IMB): 2 blue-chip stocks to buy
Image source: ShutterstockProfessional, Shutterstock

Highlights

  • New year’s optimism has led the FTSE 100 index to reach new highs last seen in February 2020.
  • The index was boosted by easing fears over the severity of Omicron’s impact on the global economic recovery.

The UK’s benchmark index, FTSE 100, touched new highs last seen since February 2020 in its first trading session of the new year, jumping nearly 1.5 per cent in the early trading session.

The blue-chip index’s gains were due to optimism that the Omicron variant will not impact the global economy’s road to recovery as greatly as initially feared.

While airline stocks such as IAG (LON:IAG) were amongst one of the highest gainers on the index, boosted by recently listed airline Wizz Air’s (LON:WIZZ) strong December update.

Several other FTSE 100 index-listed stocks from different sectors also witnessed gains on the first trading day of the year.

Given this context, let us look at 2 FTSE 100 index listed stocks and explore their investment possibilities:

  1. Imperial Brands PLC (LON: IMB)

Imperial Brands is a tobacco major. It is slated to go ex-dividend on 17 February to make its final dividend payment of 48.48 pence per share. The payment date is set for 31 March.

The company’s FY 2021 reported net revenue rose by 0.7 per cent to £32,791 million, from £32,562 million in the year before. And its reported FY 2021 operating profit jumped by 15.2 per cent to £3,146 million, from 2,731 million in FY 2020.

IMB share price and volume

Image source: Refinitiv

The company’s shares were higher by 0.87 per cent, trading at GBX 1,630.50 on 4 January 2022 at 13:33 hrs BST. It had a market cap of £ 15,298.69 million and had given shareholders a one-year return of 6.13 per cent as of date.

Meanwhile, the FTSE 100 index was at 7,491.38, up by 1.45 per cent as of date.

  1. Persimmon PLC (LON: PSN)

Persimmon is a UK based housebuilding company. The company’s shares rose about 1.5 per cent today, similarly, buoyed by the broader FTSE 100 index new year optimism.

The stock was also among several other real estate sector stocks to rise as the sector shrugged off concerns that Omicron’s impact on the sector maybe not be as high as feared earlier.

The company’s average private new home sales reservation rate per site for the period between 1 July and 8 November 2021 was about 16 per cent over its pre-pandemic levels seen in 2019.

The company’s shares were higher by 1.47 per cent, trading at GBX 2,898.00 on 4 January 2022 at 13:22 hrs BST. It had a market cap of £9,113.53 million and had given shareholders a one-year return of 4.75 per cent as of date.

Related Read: Barratt (BDEV) & Persimmon (PSN): Should you buy these housing stocks?


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Incorporated (Kalkine Media), Business Number: 720744275BC0001 and is available for personal and non-commercial use only. The advice given by Kalkine Media through its Content is general information only and it does not take into account the user’s personal investment objectives, financial situation and specific needs. Users should make their own enquiries about any investment and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media is not registered as an investment adviser in Canada under either the provincial or territorial Securities Acts. Some of the Content on this website may be sponsored/non-sponsored, as applicable, however, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used in the Content unless stated otherwise. The images/music that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.


Sponsored Articles


Investing Ideas

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.