European buy-rated quality stocks with low beta, cheap on P/E relatives and low crowding

UBS analysts named 15 buy-rated European stocks with a beta that is in the bottom half, are high quality, cheap, and not crowded.

In a Global Equity Strategy note, Strategist Andrew Garthwaite said investors should focus on quality defensives and named 15 stocks within European equities that meet those expectations.

These are high quality stocks (in the top 40%) with a beta below 50%, that are cheap on P/E relatives (in the bottom 60%) and have a low crowding score (below 0.6).

• Kone Oyj (OTCPK:KNYJF)
• Moncler S.p.A. (OTCPK:MONRF)
• Heineken N.V. (OTCQX:HEINY)
• Chocoladefabriken Lindt & Sprüngli AG (OTCPK:LDSVF)
• Nestle S.A. (OTCPK:NSRGY)
• Carl Zeiss Meditec AG (OTCPK:CZMWF)
• DiaSorin S.p.A. (OTCPK:DSRLF)
• Essity AB (OTCPK:ETTYF)
• Symrise AG (OTCPK:SYIEF)
• Merck KGaA (OTCPK:MKGAF)
• Sanofi (SNY)
• Halma Plc (OTCPK:HLMAF)
• Elisa Oyj (OTCPK:ELMUF)
• Telenor ASA (OTCQX:TELNF)
• Swisscom AG (OTCPK:SWZCF)