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Highlights
- Economic recovery has seen a dip due to the new Omicron variant of coronavirus.
- Investors can go for cheap undervalued stocks even during these turbulent times to maximise their future gains.
Investors have been on a rough ride since the start of the Covid-19 pandemic. The economic recovery had just begun when the emergence of the new Omicron variant of the coronavirus caused a dip in the revival process again. The new variant is spreading fast and has raised pessimism among investors. While it is still hard to predict what’s in store, investors are trying to maximise their gains from the stock market even during these turbulent times.
While some investors might feel that it is a bad time to invest in the stock market at present, others are seeing this as an opportunity to invest in cheap and undervalued stocks with bright future prospects. Undervalued stocks, or value stocks, are cheap as they are trading below their real worth. The stocks are characteristically undervalued if they have a low PE ratio, and their PEG ratio is less than 1.
Based on these ratios, let’s check out 5 cheap stocks that you can buy right now.
RELATED READ: What to expect from stock market this year?
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Londonmetric Property Plc (LON: LMP)
UK-based REIT Londonmetric Property PLC predominantly invests in property development. The market cap of the FTSE250-listed company stood at £2,690.61 million as of 13 January 2022 while its PE and PEG ratio stood at 5.70x and 0.84x, respectively. Londonmetric Property PLC has provided a return of 16.09% to its shareholders in the last one year and its shares closed at GBX 267.00 on 13 January 2022.
Its shares were trading at GBX 270.00, up by 1.12%, as of 10.30 AM BST on 14 January 2022.
Serco Group Plc (LON: SRP)
UK-based enterprise Serco Group plc works as a contractor that offers government services in various sectors like defence, transport, and health. The market cap of the FTSE250-listed company stood at £1,666.24 million as of 13 January 2022 while its PE and PEG ratio stood at 5.75x and 0.59x, respectively. Serco Group plc has provided a return of 9.88% to its shareholders in the last one year and its shares closed at GBX 136.80 on 13 January 2022.
Its shares were trading at GBX 136.90, up by 0.07%, as of 10.30 AM BST on 14 January 2022.
Barclays PLC (LON: BARC)
London-headquartered Barclays PLC is a leading bank worldwide. The market cap of the FTSE100-listed company stood at £36,369.58 million as of 13 January 2022 while its PE and PEG ratio stood at 6.94x and 0.17x, respectively. Barclays PLC has provided a return of 42.49% to its shareholders in the last one year and its shares closed at GBX 217.10 on 13 January 2022.
Its shares were trading at GBX 219.50, up by 0.94%, as of 10.30 AM BST on 14 January 2022.
RELATED READ: 5 undervalued stocks you can keep a tab on in 2022
Anglo American Plc (LON: AAL)
Anglo American plc is a leading UK-based leading mining firm. The market cap of the FTSE100-listed company stood at £45,005.72 million as of 13 January 2022 while its PE and PEG ratio stood at 8.48x and 0.46x, respectively. Anglo American plc has provided a return of 23.10% to its shareholders in the last one year and its shares closed at GBX 3,355.00 on 13 January 2022.
Its shares were trading at GBX 3,322.50, down by 0.97%, as of 10.30 AM BST on 14 January 2022.
Big Yellow Group plc (LON: BYG)
Big Yellow Group plc is the largest self-storage firm across the UK. The market cap of the FTSE250-listed company stood at £2,893.80 million as of 13 January 2022 while its PE and PEG ratio stood at 6.05x and 0.54x, respectively. Big Yellow Group plc has provided a return of 44.18% to its shareholders in the last one year and its shares closed at GBX 1,573.00 on 13 January 2022.
Its shares were trading at GBX 1,574.00, up by 0.06%, as of 10.30 AM BST on 14 January 2022.
