Best High Growth LSE Stocks This Week
Companies that have significant growth prospects for profitability and returns can add tangible upside to your portfolio. Greencore Group and Standard Chartered are examples of many potential outperformers that analysts are bullish on. If your holdings could benefit from diversification towards growth stocks, whether it be in reputable tech stocks or green small-caps, take a look at my list of stocks with a bright future ahead.
Greencore Group plc (LSE:GNC)
Greencore Group plc produces and sells various food products primarily in the United Kingdom and the United States. Started in 1991, and headed by CEO Patrick Coveney, the company currently employs 15,795 people and with the company’s market cap sitting at GBP £1.59B, it falls under the small-cap category.
GNC’s forecasted bottom line growth is an optimistic 42.66%, driven by the underlying double-digit sales growth of 16.98% over the next few years. It appears that GNC’s profitability may be sustainable as the fundamental push is top-line expansion rather than unmaintainable cost-cutting activities. We see this bottom-line expansion directly benefiting shareholders, with expected positive return on equity of 14.17%. GNC’s bullish prospects on both the top and bottom lines make it an interesting stock to invest more time to understand how it can add value to your portfolio. A potential addition to your portfolio? Check out its fundamental factors here.
Standard Chartered PLC (LSE:STAN)
Standard Chartered PLC provides various banking products and services in Asia, Africa, and the Middle East. Formed in 1853, and currently run by William Winters, the company currently employs 87,101 people and with the stock’s market cap sitting at GBP £26.13B, it comes under the large-cap stocks category.
STAN is expected to deliver a buoyant earnings growth over the next couple of years of 35.79%, driven by a positive double-digit revenue growth of 26.04% and cost-cutting initiatives. It appears that STAN’s profitability may be sustainable as the fundamental push is top-line expansion rather than unmaintainable cost-cutting activities. This prospective profitability should trickle down to shareholders, with analysts expecting the company to generate a positive return on equity of 6.29%. STAN’s impressive outlook on all aspects makes it a worthy company to spend more time to understand. Should you add STAN to your portfolio? Have a browse through its key fundamentals here.
Speedy Hire Plc (LSE:SDY)
Speedy Hire Plc, together with its subsidiaries, provides tools, equipment, and plant hire services to the construction, infrastructure, and industrial markets in the United Kingdom, Ireland, and internationally. Formed in 1968, and currently lead by Russell Down, the company provides employment to 3,666 people and with the stock’s market cap sitting at GBP £320.05M, it comes under the small-cap category.
SDY’s projected future profit growth is a robust 37.93%, with an underlying 12.15% growth from its revenues expected over the upcoming years. Profit growth, coupled with top-line expansion, is a positive indication. This is because net income isn’t artificially inflated by unsustainable activities such as one-off cost-reductions expected in the future. We see this bottom-line expansion directly benefiting shareholders, with expected positive return on equity of 14.65%. SDY’s bullish prospects on both the top and bottom lines make it an interesting stock to invest more time to understand how it can add value to your portfolio. Want to know more about SDY? Take a look at its other fundamentals here.
For more financially robust companies with high growth potential to enhance your portfolio, use our free platform to explore our interactive list of these stocks.
To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned.
