In a monthly screening, Morningstar identified newly overvalued Europe-listed stocks, with 11 changing to 2-star ratings. No stocks joined the 1-star category. Five large-cap 2-star stocks include Airbus, Iberdrola, Lloyds, Engie, and Societe Generale. The Morningstar Europe Index fell 0.73% in November, with 17% of stocks now deemed overvalued.

Morningstar Ratings assess stocks’ undervaluation. 43% of Europe-listed stocks are undervalued, 40% fairly valued, and 17% overvalued. Airbus, Iberdrola, Lloyds, Engie, and Societe Generale have newly assigned 2-star ratings, with changes in price and fair value estimates affecting their ratings. The Morningstar Europe Index shows slight undervaluation.

Airbus, Iberdrola, Lloyds, Engie, and Societe Generale are new 2-star stocks. Airbus gained 1.87% with a fair value estimate of EUR 189. Iberdrola rose 6.17% with a fair value estimate of EUR 15.40. Lloyds climbed 8.05% with a fair value estimate of GBX 78. Engie surged 11.68% with a fair value estimate of EUR 19.50. Societe Generale increased 5.29% with a fair value estimate of EUR 46.

Read more at Morningstar: 11 Newly Overvalued Stocks this Month