After a bumpy few months for the FTSE 100 I can see numerous low-cost shares I’d like to purchase proper now. That’s nice information as a result of low-cost shares are very a lot my favorite kind.

Prime of the checklist is Barclays (LSE: BARC). I’m astonished to see the financial institution buying and selling with a price-to-earnings (P/E) ratio of simply 9.2. That’s properly under the FTSE 100 common of 14.2 occasions.

I’d anticipated it to be far costlier, provided that the Barclays share price has rocketed 79.17% over the past 12 months.

Can the Barclays share price hold hovering?

The massive banks have carried out properly this yr however Barclays has the added kicker of publicity to the US by way of its funding banking arm. It might due to this fact profit from the Trump commerce.

Higher nonetheless, it seems to have minimal publicity to the motor finance scandal. That’s in marked distinction to FTSE 100 rival Lloyds Banking Group, whose shares have taken a beating in consequence.

Barclays may additionally profit from the rising sense that rates of interest are set to remain larger for longer. This can permit banks to take care of their web curiosity margins, the distinction between what they pay savers and cost debtors.

The enterprise continues to be bombing alongside. On 24 October, Barclays reported a revenue earlier than tax of £2.2bn in Q3, up from £1.9bn a yr earlier.

Banking will all the time be dangerous, particularly given right now’s financial and geopolitical worries, notably within the home UK market. Barclays’ dividend yield has slumped to three.31%, which is on the low aspect. My greatest fear is that its shares my idle and even retreat after their stellar run. I’m nonetheless planning to purchase it when I’ve the money although.

Gosh, Nationwide Grid shares look low-cost

Transmissions big Nationwide Grid (LSE: NG) might not look staggeringly low-cost with a P/E of 11.76 occasions, however personally, I used to be astonished. I’ve bought used to it buying and selling at 15 or 16 occasions earnings, just about each time I seemed. That’s precisely honest worth.

I’d all the time pinned its rock regular valuation on the truth that Nationwide Grid is a pure monopoly with regulated earnings, so buyers just about knew what they’re getting.

Then once more, it’s been a humorous yr for Nationwide Grid. Its share price plunged in Could after the board introduced a £7bn rights problem to help £60bn of capital funding over the subsequent 5 years. That’s not the kind of factor buyers anticipate from this inventory. It bounced again fairly sharply, although, as buyers snapped up the prospect to high up their stake at a diminished price.

It’s dipped 3.91% over the past month after the board reported a 50% drop in pre-tax earnings 50% to £684m on 7 November. Nonetheless, earnings did climb 26% to £1.43bn on an underlying foundation. Over 12 months, the Nationwide Grid share price is up a modest 5.84%.

The trailing yield is a bumper 5.8%, giving a stable complete return. I’ll confess that I’m involved by Nationwide Grid’s £43.6bn web debt pile and the calls for of infrastructure funding. But when I don’t purchase the inventory at right now’s diminished price, I by no means will.