This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Try Your Luck With These 5 Undervalued Irish Stocks

James Dennin, Kapitall: In honor of St. Paddy's Day we built a list of undervalued Irish stocks by looking at the forward P/E ratio. 

First and foremost: a heartfelt apology to any and all of our Irish readers who were offended by an erroneous contraction that appeared in our previous St. Paddy's day coverage. 

It's "St. Paddy's Day," not "St. Patty's Day."

In case you were wondering, now might be a good time to start thinking about Irish stocks. In January, the ratings agency Moody's upgraded Irish bonds from "junk"  to "investment-grade."

[Read more from Kapitall: March Madness Stocks: Will Buffett’s Billion Dollar Bet Pay Off?​]

And while the Eurozone's financial crisis was more severe in Ireland and took longer to dissipate, many economic indicators — from unemployment to retail spending — are heading in the right direction. Even the housing market, one of the major factors behind Ireland's recession, has appeared to stabilize as well. 

When a recessions negatively impact everyone, whether or not their company is healthy and well run. This can create buying opportunities as companies that were doing well before the recession are expected to recover. 

We built a list of stocks using Irish companies that trade on US exchanges. Of the 19 companies, almost 1/3 were undervalued when we looked at the forward price to equity ratio (Forward P/E). 

While the P/E ratio is an incomplete picture of a company's value, it is the most popular number to cite when looking at how expensive a stock is relative to its earnings. It should never be considered alone, but represents a useful starting point for further research. 

Click on the interactive chart to view data over time. 

Do you see investing opportunities in these Irish stocks? Use the list below to begin your analysis. 

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,643.01 -11.76 -0.07%
S&P 500 1,988.87 +1.21 0.06%
NASDAQ 4,828.3250 +15.6170 0.32%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs