2 red-hot UK growth stocks to consider buying in April

The London market has some decent growth stocks worth considering for purchase right now as we enter April. For example, Sage Group (LSE: SGE) has been performing well for investors over the past year. The company provides accounting, financial, human resources, and payroll services for small- and mid-sized businesses. It’s all about increasing profits with growth stocks. So City analysts’ predictions for double-digit percentage earnings advances this year and next are reassuring. In January, Sage reported a “strong” three months’ trading to 31 December 2023 with a positive outlook. With the share price in the ballpark of 1,272p (25 March), the forward-looking earnings multiple is 31 for the trading year to September 2025. That looks like a full valuation and there’s some risk the stock may fall back if the business fails to meet its estimates. This is a stock that has become caught up in the artificial intelligence (AI) craze, to some extent. If that proves to be a burstable bubble, shareholders could find themselves enduring a volatile ride in the coming years. Nevertheless, the Sage business has been making steady progress for decades and it still looks attractive now. My plan for April onwards is to watch...

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