In this piece, we will take a look at five undervalued European stocks to buy. If you want to find out what’s happening economically in Europe right now, take a look at 10 Undervalued European Stocks to Buy.
5. Shell plc (NYSE:SHEL)
Latest Trailing P/E Ratio: 5.04
Shell plc (NYSE:SHEL) is one of the largest oil companies in the world, with exploration, production, and retail operations in numerous countries. It is also the world’s largest trader of liquefied natural gas (LNG); however, shares fell in July as it warned that profits were falling after a boom in 2022.
By the end of this year’s first quarter, 41 of the 943 hedge funds profiled by Insider Monkey had invested in Shell plc (NYSE:SHEL). Out of these, the largest shareholder is Ken Fisher’s Fisher Asset Management through a $1.2 billion investment.
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Follow Shell Plc
4. BP p.l.c. (NYSE:BP)
Latest Trailing P/E Ratio: 4.32
BP p.l.c. (NYSE:BP) is another energy giant that trades in gas, renewable energy, and other products. It expanded its renewable energy portfolio in July after acquiring rights to develop a 4 gigawatt wind power site in Germany.
As of March 2023, 41 of the 943 hedge funds polled by Insider Monkey had bought the firm’s shares. BP p.l.c. (NYSE:BP) largest hedge fund investor is Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital through a stake worth $857 million.
Follow B P Plc (NYSE:BP)
Follow B P Plc (NYSE:BP)
3. BioNTech SE (NASDAQ:BNTX)
Latest Trailing P/E Ratio: 3.8
BioNTech SE (NASDAQ:BNTX) is a biotechnology company that develops treatments for different kinds of cancers, tumors, tuberculosis, and malaria among others. Its shares are rated a Buy on average and have an approximate $58 upside. The firm announced in late June that it will start Phase 3 trials for a lung cancer treatment.
22 of the 943 hedge funds had invested in BioNTech SE (NASDAQ:BNTX) during Q1 2023. Out of these, the company’s biggest shareholder is Jim Simons’ Renaissance Technologies since it owns 509,951 shares that are worth $63 million.
Follow Biontech Se (NASDAQ:BNTX)
Follow Biontech Se (NASDAQ:BNTX)
2. Stellantis N.V. (NYSE:STLA)
Latest Trailing P/E Ratio: 3.13
Stellantis N.V. (NYSE:STLA) is one of the biggest car companies in the world. It has numerous well known car brands in its portfolio, such as Alfa Romeo, Fiat, and Dodge. It is another company whose shares are rated a Strong Buy on average. It is among several U.S. car companies that are dealing with tough union negotiations.
Insider Monkey dug through 943 hedge funds for their March quarter of 2023 shareholdings to find out that 27 had held a stake in the firm. Stellantis N.V. (NYSE:STLA)’s largest hedge fund investor is Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital through a stake of $598 million.
Follow Stellantis N.v. (NYSE:STLA)
Follow Stellantis N.v. (NYSE:STLA)
1. Vodafone Group Public Limited Company (NASDAQ:VOD)
Latest Trailing P/E Ratio: 1.98
Vodafone Group Public Limited Company (NASDAQ:VOD) is a telecommunications company that provides a variety of services such as voice and broadband. Its shares are rated Strong Buy on average and it is a rare company that has not seen any Sell or Hold recommendations from April to July.
As of March 2023, 28 of the 943 hedge funds part of Insider Monkey’s database had invested in Vodafone Group Public Limited Company (NASDAQ:VOD). Out of these, the largest shareholder is Jim Simons’ Renaissance Technologies through an investment of $201 million.
Follow Vodafone Group Plc New (NASDAQ:VOD)
Follow Vodafone Group Plc New (NASDAQ:VOD)
Disclosure: None. You can also take a look at 15 Stocks that will 10x in 5 Years and 15 Best Blue Chip Stocks To Buy According to Hedge Funds.
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