11 Best Undervalued UK Stocks to Buy Right Now

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2. GSK plc (NYSE:GSK)

Forward P/E Ratio: 8.41

Number of Hedge Fund Holders: 38

GSK plc (NYSE:GSK) is a pharmaceutical company that specializes in research, development, and production of medicines and vaccines. The company has an international presence through wholesalers, pharmacies, hospitals, and physicians.

On April 3rd, Florent Cespedes from Bernstein maintained a Buy rating on the stock with a price target of £22. As per the company’s fiscal 2024 results, its Vaccine business faced external pressures, particularly in the US and China, with Arexvy sales down 51% and Shingrix up only 1%. However, the overall performance remained positive with 8% sales growth, driven by Specialty Medicines. The segment posted double-digit growth, with oncology sales nearly doubling to over £1.4 billion.

In addition to this performance, GSK plc (NYSE:GSK) has 5 new products in the pipeline for which it expects approval in 2025. The company has also raised its 2031 sales outlook to more than £40 billion. It is one of the best undervalued UK stocks to buy right now.

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