Centamin, Capita & Mark & Spencer: 3 mid-cap stocks to buy today - Kalkine Media

December 14, 2021 10:02 AM GMT | By Sreenivas D Ajankar
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Highlights 

  • Many stocks from the mid-cap focused FTSE250 index attract investors as they have the potential to grow rapidly and be part of the FTSE 100 index.
  • Investors invest in growth-oriented mid-cap stocks in their initial stages of the business cycle to gain a high return on investment.

FTSE 250 index constituent stocks with market cap lower than the blue-chip FTSE100 index. Despite this, many stocks from the mid-cap focused FTSE250 index attract a lot of investors as they have the potential to grow rapidly and be part of the FTSE 100 index.

Many investors invest in these growth-oriented stocks in the initial phases of the business cycle to gain a high future return on investment. FTSE 250 index has given a total return of 17.72% in the last one year to investors as of 13 December.

FTSE Midcap stocks

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Let us explore 3 FTSE 250 listed stocks from the FTSE 250 index.

Centamin Plc (LON: CEY)

The company operates in the exploration and production of precious metals. It is mainly engaged in mining activities in Egypt, Jersey, and the UK. Sukari gold mine project is the principal asset of the company.

Centamin Plc announced that its Sukari mine in Egypt has a net reserve of 1.1 million ounces, a 23% rise in proven & probable mineral reserves. As a result, the miner expects to produce over 500,000 ounces of gold per year. The higher gold production was supported by 12-year of mine life. In addition, the company has raised its USD 100 million cost-savings program to USD 150 million and is set to be completed by 2024.

Centamin Plc’s last close was at GBX 83.36 on 13 December 2021, with a market cap of £964.02 million.

Capita Plc (LON: CPI)

The professional business service company offers consulting, software and digital products and services to private and public sector clients. It has operations in five different countries.

The company announced its interim result for 11 months to 30 November 2021. The total group revenue increased by 0.6% to £2,882 million in the first 11 months. The company’s public service division reported an 11% growth mainly due to new contract wins and renewal of existing public contracts. Also, the company successfully disposed of its non-core businesses to raise proceeds of £620 million against the target of £700 million by the first half of 2022.

Capita Plc’s last close was at GBX 36.76 on 13 December 2021, with a market cap of £619.1 million.

Mark & Spencer Group Plc (LON: MKS)

The company operates a chain of retail stores in the UK and other countries offering clothes, home products and other accessories. It has a network of over 1,500 stores in different countries.

The company’s business witnessed an excellent business environment following most of its stores reopening after the Covid-19 pandemic. As a result, its revenue rose by 5% at £5,105 million, while its profit before tax increased by 17.9% at £187.3 million in the 26 weeks to 2 October 2021. The company continues to witness strong trading momentum in the second half of the financial year and expects to report growth in revenue and profit before tax for the entire year.

Mark & Spencer Group Plc’s last close was at GBX 233.50 on 13 December 2021, with a market cap of £4,573.4 million.


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