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UK banking stocks are undervalued, says Shore Capital

Shore Capital has reiterated its ‘buy’ ratings on six UK-listed banking stocks, saying the market is currently pricing in a “far worse outlook”. ....

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overvalued: Which are the most overvalued and undervalued pockets in the market? Shibani Sircar Kurian explains

"On a relative basis, we are not as expensive as one would have imagined simply because the entire emerging market pack has also gone up. That provides some degree of downside support to the market, even though near term, because of absolute valuations, you could see some degree of volatility. The way we have been constructing our portfolio is clearly looking at pockets of growth where earnings growth sustainability is visible." ....

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