London Stock Exchange Group (LSEG)

Sector:

Financials

Index:

FTSE 100

9,490.00p
   
  • Change Today:
    -102.00p
  • 52 Week High: 9,674.00
  • 52 Week Low: 7,740.00
  • Currency: UK Pounds
  • Shares Issued: 548.55m
  • Volume: 930,011
  • Market Cap: £52,057m

Morgan Stanley reiterates 'buy' for FTSE 100, highlights 'defensive' qualities

By Alexander Bueso

Date: Monday 24 Jan 2022

LONDON (ShareCast) - (Sharecast News) - Analysts at Morgan Stanley sounded a 'bullish' note on the outlook for the FTSE 100, highlighting its greater 'defensive' properties relative to rivals, higher dividend yields versus global peers, exposure to energy and record low expectations for growth in the profits of its constituent companies.

On just over two-thirds of the occassions that global equities had fallen over the past two decades, the MSCI UK index had outperformed MSCI Europe.

Under the assumption that inflation-adjusted bond yields would rise to -0.1%, they estimated that MSCI UK was set to outperform by approximately 12%.

And changing hands at 12.6 times' earnings, London's top-flight index was the cheapest major index when compared with the last 10 years.

Furthermore, consensus forecasts for earnings per share growth for MSCI UK of less than 3% felt "very low" to them.

Regarding its dividend payouts, MSCI UK was trading on a dividend yield of 3.6%, which was 150 basis points more than for the MSCI Europe if the UK were excluded.

The UK also stood to benefit from rising oil prices, because 25% of UK profits came from the energy sector, they pointed out.

At the individual company level, they singled out eight large capitalisation 'overweight' rates stocks that had over 10% upside left to their target price and the best "bull-bear skew".

Those included AstraZeneca, Diageo, Shell, RELX, Lloyds, Prudential and Vodafone.

All told, they had a 'buy' recommendation for the FTSE 100, labelling the investment case "compelling".

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London Stock Exchange Market Data

Currency UK Pounds
Share Price 9,490.00p
Change Today -102.00p
% Change -1.06 %
52 Week High 9,674.00
52 Week Low 7,740.00
Volume 930,011
Shares Issued 548.55m
Market Cap £52,057m

London Stock Exchange Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
98.54% below the market average98.54% below the market average98.54% below the market average98.54% below the market average98.54% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
77.71% above the market average77.71% above the market average77.71% above the market average77.71% above the market average77.71% above the market average
65.52% above the sector average65.52% above the sector average65.52% above the sector average65.52% above the sector average65.52% above the sector average
Income
94.45% below the market average94.45% below the market average94.45% below the market average94.45% below the market average94.45% below the market average
96.97% below the sector average96.97% below the sector average96.97% below the sector average96.97% below the sector average96.97% below the sector average
Growth
10.84% above the market average10.84% above the market average10.84% above the market average10.84% above the market average10.84% above the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average

What The Brokers Say

Strong Buy 4
Buy 5
Neutral 5
Sell 0
Strong Sell 0
Total 14
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

London Stock Exchange Dividends

  Latest Previous
  Final Interim
Ex-Div 18-Apr-24 17-Aug-23
Paid 22-May-24 20-Sep-23
Amount 79.30p 35.70p

Trades for 28-Mar-2024

Time Volume / Share Price
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16:35 683 @ 9,490.00p

London Stock Exchange Key Personnel

CEO David Schwimmer
Chair Don Robert
CFO Michel-Alain Proch

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