Shares in Land Securities (LAND.L) have fallen dramatically from recent highs of 1001.5p. Will it continue, or is this an opportunity to pick up a bargain?

• This stock is one of the more significant fallers in the period. It hasn’t yet shown any signs of recovery alongside other UK stocks.
• Bargain hunters should be mindful of fundamentals and events, which can influence price action. Check our website and news outlets for updates.
• Is the trend your friend, or is a bounce imminent?
• The market often over-reacts to bad news. Traders should consider whether it is down for good reason, or is this another over-reaction?
• Now trading at 561.2p (at time of writing). A return to previous highs would represent a rise of 78%.
• Shares -44% from 12-month highs; +2% from 12 month lows.

Latest News

30 Mar:  Deutsche Bank reiterates its hold rating on Land Securities Group Plc (LAND) and reduced the target price to 910p (from 1020p).

11 Mar:  Morgan Stanley reiterates its overweight rating on Land Securities Group Plc (LAND) and reduced the target price to 880p (from 1050p).

05 Mar:  Barclays Capital reiterates its underweight rating on Land Securities Group Plc (LAND) and increased the target price to 870p (from 840p).

12 Feb:  Robert Noel, Chief Executive Officer, sold 113,127 shares within the firm on the 11th February 2020 at a price of 966.28p. This Director currently has 113,290 shares.

05 Feb:  UBS reiterates its buy rating on Land Securities Group Plc (LAND) and increased the target price to 1100p (from 1075p).

05 Feb:  Numis has downgraded its rating on Land Securities Group Plc (LAND) to reduce (from hold).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

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