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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