5 Best UK Stocks To Buy Now

In this piece, we will take a look at the five best UK stocks to buy now. If you want to take a deeper look at the British economy, then check out 12 Best UK Stocks To Buy Now.

5. AstraZeneca PLC (NASDAQ:AZN)

Number of Hedge Fund Investors In Q2 2023: 41

AstraZeneca PLC (NASDAQ:AZN) is a pharmaceutical company that develops treatments for a variety of ailments such as heart diseases and cancer. It’s the first stock on our list that is rated Strong Buy on average, and analysts have penned in a $19 upside based on an average share price target of $64.71.

During Q2 2023, 41 out of the 910 hedge funds polled by Insider Monkey had held a stake in AstraZeneca PLC (NASDAQ:AZN). Rajiv Jain’s GQG Partners is the biggest shareholder among these, as it owns 2.1 million shares that are worth $1.5 billion.

4. Shell plc (NYSE:SHEL)

Number of Hedge Fund Investors In Q2 2023: 43

Shell plc (NYSE:SHEL) is a global energy giant that is one of the biggest players in the liquefied natural gas (LNG) market. The firm is currently seeking to broaden its LNG export portfolio, as it is requesting the U.S. government to approve an LNG company’s export license for exporting LNG to countries without a free trade agreement with the U.S.

As of June 2023, 43 out of the 910 hedge funds part of Insider Monkey’s database were the firm’s shareholders. Ken Fisher’s Fisher Asset Management owns the biggest stake which is worth $1.3 billion.

3. Roivant Sciences Ltd. (NASDAQ:ROIV)

Number of Hedge Fund Investors In Q2 2023: 46

Roivant Sciences Ltd. (NASDAQ:ROIV) is a biotechnology company that is developing treatments for diseases that are a result of immune system complications. Like AstraZeneca, its shares are also rated Strong Buy on average, and analysts have set an average share price target of $16.22.

By the end of 2023’s second quarter, 46 hedge funds among the 910 surveyed by Insider Monkey had bought and invested in Roivant Sciences Ltd. (NASDAQ:ROIV)’s shares. The firm’s largest shareholder in our database is Daniel Gold’s QVT Financial courtesy of its $1.2 billion investment.

2. Ferguson plc (NYSE:FERG)

Number of Hedge Fund Investors In Q2 2023: 51

Ferguson plc (NYSE:FERG) is an industrial products provider that sells heating and plumbing items such as pipes and fittings. Its fourth quarter results, reported in September 2023, saw revenue drop 1.7% annually as a slowing economy and high inflation took their toll on the firm’s customers.

For their investments during this year’s June quarter, 51 out of the 910 hedge funds researched by Insider Monkey were the company’s investors. Ferguson plc (NYSE:FERG)’s biggest hedge fund stakeholder is Nelson Peltz’s Trian Partners since it owns $864 million worth of shares.

1. Linde plc (NYSE:LIN)

Number of Hedge Fund Investors In Q2 2023: 70

Linde plc (NYSE:LIN) is a specialty industrial raw materials firm that provides gases such as oxygen, hydrogen, and argon. The stock is rated Strong Buy on average, and analysts have set an average share price target of $423.99.

70 out of the 910 hedge funds profiled by Insider Monkey were Linde plc (NYSE:LIN)’s shareholders during Q2 2023. Alexander Mitchell’s Scopus Asset Management owns the largest stake among these, as it owns 116,885 shares that are worth $44.5 million.

Disclosure: None. You can also take a look at 12 Cheap Biotech Stocks Smart Investors Are Piling Into and NATO Military Spending by Country: Top 20 Countries.

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