I really like shopping for low cost shares and there are some unimaginable FTSE 100 bargains on the market proper now. Particularly these three.

Final Sunday (4 August), I seen that the BP (LSE: BP) share price was at a 52-week low and I mentioned it seemed just like the “bargain of the year!” 

Nice worth?

The oil large’s shares have fallen one other 2.48% since then. They’re down 10.57% over 12 months and commerce at simply 6.26 instances earnings. Higher nonetheless, they yield 5.18%.

Its income and share price rocketed throughout the vitality disaster. But because the oil price retreated they halved in FY23, from $27.2bn to $13.8bn.

BP continued to reward long-term shareholders, mountaineering the dividend 10% and shopping for again $7.9bn of shares. At £20.9bn, its web debt is at a 10-year low.

With Brent crude now beneath $80 a barrel, traders nonetheless don’t wish to know. Others are cautious as BP doubles down on fossil fuels, regardless of the web zero push. Power shares are cyclical and I feel the time to purchase BP is when it’s down somewhat than up. World warming poses dangers however I’ll purchase it when I’ve the money.

Speaking about local weather change, in July I flagged up Lloyds of London insurer Beazley (LSE: BEZ). As a speciality-risk insurance coverage and reinsurance enterprise it’ll choose up the tab from tomorrow’s floods, storms and hurricanes.

That partly explains why the share price is so low cost, buying and selling at simply 4.47 instances trailing earnings. That’s regardless of its shares leaping 35.27% over 12 months, boosted by a 155% enhance in 2023 pre-tax income to a report $1.25bn.

Its good kind continues as half-year outcomes revealed on 8 August confirmed a report revenue earlier than tax of $728.9m, almost double final yr’s $366.4m. Beazley was final week’s greatest FTSE 100 performer up 12.53%.

NatWest Group is again

Its 1.96% yield is on the decrease finish, however that’s partly down to the booming share price. One other one to purchase when I’ve the money.

NatWest Group (LSE: NWG) can also be on a roll. Its shares are the second-best-performing on the FTSE 100 during the last six months, up 58.4%. Solely Darktrace has risen sooner, up 68.2%. Over 12 months, NatWest is up 38.85%.

The large banks are lastly residing up to their potential, and the NatWest share price is main the cost. But it’s nonetheless astonishingly low cost, buying and selling at 6.67 instances earnings. The yield can also be enticing at 5.11%.

Labour’s resolution to desert plans to promote the federal government’s remaining NatWest stake has lifted the inventory, as there shall be no minimize price shares flooding the market.

Analysts at Berenberg have lifted their goal price to 415p. In the present day, NatWest shares commerce at 334p, so there’s a possible 25% uplift there.

It’s not all blissful days although. First-half income fell 15.6% to £3.03bn whereas web curiosity margins dropped 16 foundation factors to 2.07%. Margins could also be squeezed additional when rates of interest are minimize. Regardless of that, I’d nonetheless purchase NatWest at at the moment’s low valuation, if I hadn’t already gone large on the banking sector through Lloyds Banking Group.