- In just one year, Barclays has managed to return more than 70% back to its investors.
- GlaxoSmithKline has a high dividend yield of 5.65%.
- BP has still returned more than 10% back to its investors in the last year.
The Covid-19 pandemic did not spare any country in the world, and that includes the United Kingdom.
Just like the other markets, the London Stock Exchange was hit hard with most business activities coming to a halt as the world initiated all mechanisms to control the spread of the deadly virus.
Needless to say, business activities are slowly recovering in the past few months as the world, and especially the UK continues with its massive vaccination program.
The hit, however, saw stocks from nearly all companies slump. A lot of stocks saw their prices cut down and are only now trying to recover.
As a savvy investor, this is the best time to identify potential growth stocks to buy right now and grow your investment as the market recovers slowly. Most shares are most likely going to recover and get back or even surpass their pre-Covid-19 status.
With £2000, you will have a variety of shares and stocks that you could add to your portfolio. Here are a few smart growth stocks to buy right now.
3 Unbelievable UK Growth Stocks You Can Buy On Sale
There is Potential in the Banking Industry
Identifying stocks to buy is not as easy even for seasoned investors. You are never sure of the direction a stock will take once you buy it.
There are metrics you can use though to make an informed decision. Using those metrics, the Barclays Bank stock seems like a viable idea.
Barclays plc is a multinational bank that has its headquarters in London, England. This bank has a long history dating back to the goldsmith banking business in the 16th century but was formally incorporated into a modern bank in 1896.
It has since grown through the years acquiring other small banks in the process to become a multinational company.
This bank introduced the first cash dispenser or ATM to the banking industry. It currently offers a variety of financial services including corporate and personal banking, investment, and wealth management. In just one year, the bank has managed to return more than 70% back to its investors.
These are the first 100 companies with the highest market capitalization listed on the London Stock Exchange.
This bank has over 83,000 employees spread all over the world and has a market capitalization of £30.48 billion. In 2020, Barclays had a net income of £2.4 billion. Looking at its stock's 52 weeks high and low, there is a considerable margin that makes it a high potential stock to invest on sale. It had a 52-wk high of 190.58 GBX and a low of 88.9 GBX, which was more than half. The stock's dividend yield is not as high standing at 1.66%.
The current stock price for Barclays at the time of writing this article was 183 GBX, up from 180 GBX the previous day. That is an impressive 3GBX increase in just 24 hours.
The trend in the market shows that Barclays stock is going to go higher and could hit £190 in a few weeks. With about 100 units of this stock, you could end up making £1000 in just a few weeks.
The pharmaceutical Industry always takes the lead
In the list of stocks you can buy with £2000, you can select GlaxoSmithKline plc as a high-value British stock to include in your portfolio.
GlaxoSmithKline is a multinational pharmaceutical company whose headquarters are in Brentford, England. The company was founded in the year 2000.
In 2019, this company was the sixth-largest pharmaceutical company in the world by market capitalization according to Forbes. It is listed on the London Stock Exchange and is also a constituent of the FTSE 100 Index. It further has a secondary listing on the New York Stock Exchange.
So, why should you buy a share from this company? The company’s stock price is currently retailing at £1417. It has recently slumped but the trend indicates that the stock is picking.
The company has a market capitalization of £71.3 billion and a dividend yield of 5.65%. If you wish to keep the stock in the long term, then you will enjoy attractive dividends. In 2020, the company recorded a net income of £5.7 billion.
You can also consider the 52-wk high and low to see the range at which this stock could rise to. The stock’s highest price in the last 52 weeks has been 1,533 GBX and the lowest has been 1,190 GBX. This stock could likely gain in the coming months now that the British economy is stabilizing.
The GlaxoSmithKline company has also had some recent developments that could push its stock up. It announced in April that it had won approval to market Jemperli, an endometrial cancer drug that it recently developed.
There is confidence in the Petroleum Industry
Founded in 1909, British Petroleum, or simply BP plc is an oil and gas British multinational company that has its headquarters in London, England.
The energy company deals with the exploration, mining, supply, and distribution of oil, biofuels, natural gas, solar, and wind energy.
It is among one of the largest seven major oil companies in the world with a market capitalization of £60.06 billion. This company has more than 70,000 employees with subsidiaries spread in all of the world’s continents.
Like other energy and oil companies, BP has also suffered a setback in its business due to the production war between major oil producers Russia and Saudi Arabia. These two events have seen the price of oil drop pushing down the price of this company's stock.
Despite this, BP has still returned more than 10% back to its investors in the last year.
BP’s 52-wk high and low has quite a huge margin. It recorded a high of 508.7 GBX against a low of 188.52 GBX. This figures just how quickly the company has bounced back after the pandemic hit the oil industry. At the time of writing this article, the stock price was at 298 GBX, marking a 3 GBX increase in 24 hours. This share has a potential for massive growth as it could easily rise to 500 GBX.
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