UK tech stocks to watch
Although UK technology stocks are often thought to have less value than those found in other major economies, such as the US or China, there are a huge range of tech companies in the UK that have great potential to lead the market.
There are a variety of different ways that traders can gain exposure to technology companies based in the UK, whether this is by focusing on an individual company or using a stock index to trade a range of different companies.
We’ve taken a look at an array of popular UK tech stocks across different markets within the London Stock Exchange (LSE). These tech stocks are not necessarily the biggest risers or largest by capitalisation, instead they are companies that have attracted significant market attention due to their volatile share prices.
FTSE 100 technology stocks
Some of the most popular UK tech companies to watch are constituents of the FTSE 100 index, which tracks the performance of the top 100 companies on the LSE by market capitalisation. Tech stocks on the FTSE 100 range from software companies to online retailers, so there is a great range of opportunities on this index alone. Here are five of the most popular FTSE 100 technology stocks:
Just Eat (JE)
Just Eat plc (JE) is an online food and delivery service. The business acts as a middleman between the consumer and food outlets, which enables customers to search for local takeaways, pay online and choose their delivery method.
Just Eat listed on the LSE in 2014 at 240p per share, giving it a market capitalisation of £1.5 billion. It later joined the FTSE 100 in November 2017 after its share price reached £8, and its market valuation hit £5.4 billion – this increase of more than a third followed the company’s global expansion and a surge in sales.
Just Eat stock reached a high of £9.06 in February 2018 but saw a general decline throughout the remainder of 2018. However, in November 2018 there was a 7% surge in price, following the company’s third-quarter (Q3) earnings. This positivity has given markets confidence in Just Eat’s potential growth.