Jefferies: Despite The Rally Many Global Stocks Are Trading At Low ValuationsRupert Hargreaves
Despite the recent market rally and rotation from defensives into cyclicals, don’t give up hunting for value in the market, it can be found; that’s according to January 12 Global Equity Strategy note from analysts at Jefferies.
According to the note, a copy of which has been reviewed by ValueWalk, analysts at Jefferies calculate around 23% of global stocks with a market capitalization of $500 million or more still trade below 1.25 times price-to-book and 33% trade below a forward P/E of . . .
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