Growth at reasonable prices is the investment policy that has guided City broker Peel Hunt, which unveiled its top stocks.
In all it has chosen 14 share picks for 2014, including the online retailer ASOS (LON:ASC), new FTSE 100 constituent Ashtead (LON:AHT) and builder Redrow (LON:RDW).
“In our selection of growth stocks we have prioritised companies that have delivered, and are forecast to continue delivering, consistent and above-average growth in sales and earnings per share,” analyst Ian Williams said in a note to clients.
“We prefer stocks where that growth is currently available at a reasonable price.”
The full list of Peel Hunt top growth stocks is as follows:
Ashtead price target 900p
ASOS price target 6,200p
Dunelm Group (LON:DNLM) price target 1,100p
Howden Joinery (LON:HWDN) price target 320p
Iomart (LON:IOM) price target 350p
Lookers (LON:LOOK) price target 145p
Mears (LON:MER) price target 500p
Polar Capital (LON:POLR) price target 520p
Redrow (LON:RDW) price target 350p
Regus (LON:RGU) price target 230p
Restaurant Group (LON:RTN) price target 648p
Ted Baker (LON:TED) price target 2,100p
Telecom Plus (LON:TEP) price target 2,000p