Citigroup Sees Value Case for ‘Unloved and De-Rated’ U.K. Stocks
- British stocks only cheaper in two world wars, Citi finds
- Most strategists see limited upside for FTSE 100 this year
This article is for subscribers only.
Equity bargain hunters can find an ideal playground in the U.K., according to Citigroup Inc. strategists.
Citigroup expects returns in excess of 10 percent from British stocks through the end of the year, barring a Brexit-related or global shock that stifles growth. The FTSE 100 Index trails other major European equity benchmarks this year, down about 9 percent versus the Euro Stoxx 50 Index’s decline of 5 percent.