Discover the Highest Potential Undervalued UK Stocks for Your Investment Today

Investing.com – Europe is trading mixed on Tuesday, with London’s index in positive territory, which makes it stand out from the rest.

All this on a day in which we’re waiting on new oil data (the price of Brent crude remains close to $91) and after the UK retail sales data for March, which showed a 3.2% rise in year-on-year data, making this the best month since last August, beating market consensus estimates.

If we look at the main shares in the index, Fresnillo (LON:FRES), Rio Tinto (LON:RIO) and BP (LON:BP), which has announced an increase in crude oil and gas production in the first quarter of 2024, stand out.

Should I invest in BP now?

BP is one of the stocks that investors may want to look at as part of their next portfolio update. It has an upside potential of 42.68%, with a fair value of 791.94 and good financial health.

But it is not the only option offered by InvestingPro, our tool for calculating which stocks to invest in. In the ranking, after the energy company, we find Imperial Brands (LON:IMB) and Reckitt Benckiser (LON:RKT), which are also well below their theoretical value and have become recommendable bets.

They are followed by British American Tobacco (LON:BATS) and Hikma Pharma, as well as Kingfisher (LON:KGF). All of them will be below InvestingPro’s theoretical value estimate, with a good recommendation on financial health. The latter two stocks are currently trading in negative territory.

If you’re an InvestingPro user, you can see the full list of the 10 stocks you should be looking at now, along with additional data on the companies mentioned above.

Source: InvestingPro

—————————————————————————–

Want to try the tools that maximise your portfolio? Take the opportunity HERE & NOW to get InvestingPro’s annual plan for less than 8 pounds per month. Use the code UK10 and get almost 40% off your 1 year subscription. With it you get:

ProPicks: AI-managed portfolios of stocks with proven performance.
ProTips: digestible information to simplify a lot of complex financial data into a few words.
Advanced Stock Finder: Search for the best stocks based on your expectations, taking into account hundreds of financial metrics.
Historical financial data for thousands of stocks: So fundamental analysis professionals can drill down into all the details themselves.
And many other services, not to mention those we plan to add in the near future.

Act fast and join the investment revolution – get your OFFER HERE!