The Morningstar UK Large-Mid Cap Index rose 0.9% in August amid a rally in the healthcare sector. The large-mid index tracks the performance of the top 90% of the UK investable universe by market cap, and each month we screen from among the stocks in this index to find the best- and worst-performing companies. Data in this article is sourced from Morningstar Direct.
• Entain (ENT)
• Next (NXT)
• GSK (GSK)
• Rolls-Royce Holdings (RR.)
• International Airlines Group (IAG)
Worst-Performing Stocks of August 2024
• Melrose Industries (MRO)
• Ocado Group (OCDO)
• Spirax Group (SPX)
• Burberry Group (BRBY)
• HUTCHMED (HCM)
Metrics for the Best-Performing Stocks
Entain (ENT)
• Sector: Consumer Cyclical
• Industry: Gambling
• Economic Moat: Not Rated
Entain rallied 14.8% in August, but was still down 42.7% over the past year. Shares are 45.7% below their last high on Sept. 4, 2023. The company’s stock has a quantitative Morningstar Rating of 3 stars.
Next (NXT)
• Sector: Consumer Cyclical
• Industry: Apparel Retail
• Economic Moat: Not Rated
Next surged 12.0%, having risen 49.0% from one year ago. The company’s stock has a quantitative Morningstar Rating of 2 stars.
GSK (GSK)
• Sector: Healthcare
• Industry: Drug Manufacturers – General
• Economic Moat: Wide
GSK rallied 10.6%, lifting shares 23.9% over the past year. The company’s stock has a Morningstar Rating of 4 stars and is trading at a 25% discount to its fair value estimate of £22.00.
Rolls-Royce Holdings (RR.)
• Sector: Industrials
• Industry: Aerospace & Defense
• Economic Moat: Narrow
Rolls-Royce rallied 10.4%, leaving the stock up 123.3% for the year. The company’s stock has a Morningstar Rating of 2 stars and is trading at a 31% premium to its fair value estimate of £3.80.
International Airlines Group (IAG)
• Sector: Industrials
• Industry: Airlines
• Economic Moat: None
IAG rose 10.4%, bringing the stock up 13.0% over the past year. The company’s stock has a Morningstar Rating of 4 stars and is trading at an 18% discount to its fair value estimate of £2.24.
Metrics for the Worst-Performing Stocks
Melrose Industries (MRO)
• Sector: Industrials
• Industry: Specialty Industrial Machinery
• Economic Moat: Wide
Melrose Industries fell 17.8% in August and declined 4.8% over the past year. Shares are 29.3% below their last high on April 8, 2024. The company’s stock has a Morningstar Rating of 5 stars and is trading at a 35% discount its fair value estimate of £7.40.
Ocado Group (OCDO)
• Sector: Consumer Defensive
• Industry: Grocery Stores
• Economic Moat: None
Ocado fell 15.9% and declined 60.9% over the past year. Shares are 62.2% below their last high on Sept. 4, 2023. The company’s stock has a Morningstar Rating of 5 stars and is trading at a 63% discount to its fair value estimate of £9.20.
Spirax Group (SPX)
• Sector: Industrials
• Industry: Specialty Industrial Machinery
• Economic Moat: Wide
Spirax fell 15.1% and declined 22.7% over the past year. Shares are 31.8% below their last high on March 7, 2024. The company’s stock has a Morningstar Rating of 4 stars and is trading at a 20% discount to its fair value estimate of £96.50.
Burberry Group (BRBY)
• Sector: Consumer Cyclical
• Industry: Luxury Goods
• Economic Moat: Narrow
Burberry slid 13.8%, having fallen 67.6% from one year ago. Shares are 70.0% below their last high on Sept. 4, 2023. The company’s stock has a Morningstar Rating of 5 stars and is trading at a 50% discount to its fair value estimate of £13.30.
HUTCHMED (HCM)
• Sector: Healthcare
• Industry: Drug Manufacturers – Specialty & Generic
• Economic Moat: Not Rated
Hutchmed slid 12.7%, but shares were still up 10.1% for the year. Shares are 25.8% below their last high on May 10, 2024. The company’s stock has a quantitative Morningstar Rating of 4 stars.
Companies that are not formally covered by a Morningstar analyst are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative star rating.
This article was generated with the help of automation and reviewed by Morningstar editors.
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