4 Top Stocks To Buy As Irish Economy Gathers Steam

German agency Scope has kept its credit rating of A+, unchanged for the country. However, it has improved its long-term prognosis of the Irish economy from stable to positive.

On the other hand, another leading rating agency, Moody’s, has stated that the country’s economic growth would remain above the average growth for the eurozone. It expects the country’s GDP to advance 3.2% in 2020, which would remain above the eurozone average of 1.4%. Furthermore, the agency also growth in Ireland’s export and productivity will continue to support the economic growth of Ireland.

4 Best Choices

Such favorable conditions make Ireland’s stocks a hotbed for money. In this context, we have selected four stocks that are expected to gain from these factors. These five stocks flaunt a Zacks Rank #1 (Strong Buy) or 2 (Buy). 

CRH plc (CRH - Free Report) is a manufacturer and distributor of building materials.

The company is based out of Dublin and sports a Zacks Rank #1. The expected earnings growth rate for the current year is 0.2%. The Zacks Consensus Estimate for the current year has improved 6.5% over the past 60 days.

Grafton Group plc (GROUF - Free Report) is a provider of merchanting, retailing and mortar manufacturing services.

The company is based out of Dublin and carries a Zacks Rank #2. The expected earnings growth rate for the current year is 6.94%. The Zacks Consensus Estimate for the current year has improved 1.4% over the past 60 days.

Johnson Controls International plc (JCI - Free Report) is the owner and operator of diversified technology and multi-industrial company.

The company is based out of Cork and has a Zacks Rank #2. The expected earnings growth rate for the current year is 29.74%. The Zacks Consensus Estimate for the current year has improved 0.8% over the past 60 days.

Ryanair Holdings plc (RYAAY - Free Report) is a provider of scheduled-passenger airline services.

View single page >> |

Disclosure: Zacks.com contains statements and statistics that have been obtained from sources believed to be reliable but are not guaranteed as to accuracy or completeness. References to any specific ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.