3 of the best cheap stocks to buy in June

first_img3 of the best cheap stocks to buy in June Royston Wild | Wednesday, 2nd June, 2021 | More on: CVSG NG Image source: Getty Images. Are you on the lookout for UK growth stocks?If so, get this FREE no-strings report now.While it’s available: you’ll discover what we think is a top growth stock for the decade ahead.And the performance of this company really is stunning.In 2019, it returned £150million to shareholders through buybacks and dividends.We believe its financial position is about as solid as anything we’ve seen.Since 2016, annual revenues increased 31%In March 2020, one of its senior directors LOADED UP on 25,000 shares – a position worth £90,259Operating cash flow is up 47%. (Even its operating margins are rising every year!)Quite simply, we believe it’s a fantastic Foolish growth pick.What’s more, it deserves your attention today.So please don’t wait another moment. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. FREE REPORT: Why this £5 stock could be set to surge Enter Your Email Address I’m on the lookout for some of the best low-cost stocks to buy this June. Here are three near the top of my shopping list.#1: Powering upI consider National Grid (LSE: NG) to be one of the ultimate safe-haven stocks out there. Sure, the business of maintaining Britain’s power grid is always fraught with regulatory risk. This can range from charges being slapped on what the FTSE 100 firm can charge its clients all the way through to possible renationalisation.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…But so far the regulatory regime hasn’t stopped National Grid from generating some big returns for its shareholders. It operates in an ultra-defensive sector (we always need electricity regardless of economic, political and social upheaval). And it has a monopoly on what it does. Finally, this UK utilities share continues to invest heavily to keep delivering decent profits. It spent a record £5.4m in the last fiscal year, which in turn drove asset growth 9% higher year-on-year.City analysts think National Grid’s earnings will rise 32% in the financial year to March 2022. This results in a forward price-to-earnings growth (PEG) ratio of just 0.5. With a 5.3% dividend yield to boot, I think this is one of the best value stocks to buy right now.#2: One of the best animal care stocks to buyVeterinary services provider CVS Group (LSE: CVSG) has been one of the best-performing shares in my Stocks and Shares ISA. It’s risen around 80% in value since I bought it less than 18 months ago. And even at current prices I’m thinking of investing more in the company. City analysts think the company will enjoy a 60% earnings rise this fiscal year (to June 2021). This leaves it trading on a forward PEG multiple of 0.6.CVS Group is one of the largest veterinary care suppliers on these shores. It also runs diagnostics centres and pet crematoria, and runs e-commerce operations for independent vets as well as pet owners. People are spending more and more money on their furry friends, and this broad range of services, I feel, makes this UK share one of the best stocks to buy to ride this theme. I think it’s a great buy despite it becoming harder and more expensive for the firm to find veterinarians to staff its medical facilities.#3: Reach for the starsNewspaper publisher Reach could also be considered cheap, at least in my opinion. Even though it faces colossal costs owing to the phone hacking scandal, I’m still expecting it to create big profits growth in the years ahead. City brokers are predicting a 6% profits rise in 2021, leaving the company trading on a forward price-to-earnings (P/E) ratio of just 8 times.I like the vast effort Reach has made to embrace the digital publishing revolution, a programme that is paying off handsomely. Digital revenues soared 35% in the four months to 25 April, latest financials showed. Popular publishing brands like Mirror Online and Express.co.uk should help keep sales heading northwards too.center_img Our 6 ‘Best Buys Now’ Shares Royston Wild owns shares of CVS Group. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Simply click below to discover how you can take advantage of this. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. See all posts by Royston Wild Get the full details on this £5 stock now – while your report is free.last_img read more