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Right now, there are a number of FTSE 100 shares trading within a few percentage points of their 52-week lows. So there could be some opportunities for those who like to buy beaten-up stocks.
Of course, not every stock near its year low is worth buying (falling stocks can keep falling). With that in mind, here’s a look at two I like at current levels, and one I’m not sure about.
Prudential
First up is insurance giant Prudential (LSE: PRU). It’s currently trading for around 780p, a long way below its 52-week high (1,381p).
I think there’s an opportunity here at current levels. Right now, Prudential’s valuation is low (the forward-looking price-to-earnings (P/E) ratio is about 10).
And the last few times the stock has been down at these levels, it’s rallied hard.
Meanwhile, the company’s long-term growth potential remains significant. That’s because the insurer is now focused on Asia and…
