The FTSE 100‘s a fantastic place to seek out a wide array of cut price shares. This follows a number of years of underperformance as traders have centered on abroad equities.

These three FTSE shares all look low cost at present costs, for my part. In actual fact, Metropolis brokers imagine they may rise by as a lot 44% over the following 12 months. And analysts overwhelmingly take into account every of them to be a Purchase.

Right here’s what we have to learn about these shares earlier than contemplating them.

Ashtead Group

Circumstances stay robust within the US development business as increased rates of interest persist. This poses an ongoing problem to rental gear provider Ashtead Group (LSE:AHT).

But the outlook right here stays extraordinarily brilliant. Regardless of market softness, revenues proceed to rise strongly because the enterprise expands to construct market share. And as infrastructure spending within the US heats up I anticipate gross sales progress to steadily speed up.

Eighteen Metropolis analysts have rankings on the rental gear supplier proper now. Of those, 13 have a Purchase score on the corporate, 4 classify it because it a Maintain, whereas only one reckons it’s a Promote.

What’s extra, dealer consensus is that the Ashtead share price has substantial room for progress. It’s tipped to hit £60.26 per share within the subsequent 12 months, up from present ranges of £50.90.

This represents a huge 24% premium from at the moment’s price.

Reckitt

Reckitt (LSE:RKT) shares have been hit by a double-whammy in 2024. Disappointing buying and selling numbers and issues over child system compensation prices have pushed the enterprise sharply to the draw back.

I believe the dangerous information might now be baked into the corporate’s share price nevertheless. As an investor, I’m drawn to the wonderful pulling energy of labels corresponding to Nurofen and Durex and the agency’s enormous growing market footprint. They may assist Reckitt rebound sharply from present ranges.

Of the 16 analysts with rankings on the enterprise, 10 have positioned a Purchase suggestion on it. 4 reckon it’s a Maintain, whereas nobody believes the enterprise is a Promote.

In addition they imagine Reckitt’s share price will surge over the following 12 months. The typical price goal amongst them is at £55.48 in contrast with £42.86 proper now.

It is a wholesome 29% premium from current ranges.

JD Sports activities Style

Retailer JD Sports activities Style (LSE:JD.) has been squeezed by a mixture of weak shopper spending and extreme competitors of late.

Nonetheless, its formidable growth drive, evidenced by the current acquisition of Hibbett and its 1,169 North American shops, ensures it’s well-equipped to faucet into the rising world sports activities/athleisure market.

In the present day, 15 brokers have rankings on the FTSE 100 firm, of which one analyst considers it to be a Purchase, 4 imagine it’s a Maintain, and one has slapped a Promote sticker on it.

Like Ashtead and Reckitt, dealer consensus is that the JD share price may even admire considerably within the close to future. The 12-month price goal sits at 164p, up considerably from a present price of 113.6p.

In actual fact, this represents a colossal 44% premium from at the moment’s price.