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LAND - Land Securities News Story

605.8p 4.8  0.8%

Last Trade - 29/05/20

Large Cap
Market Cap £4.49bn
Enterprise Value £8.48bn
Revenue £741.0m
Position in Universe 161st / 1825

BUZZ-Top of the Street: Glencore, Land Securities Group, Derwent London, Kion Group

Mon 2nd December, 2019 11:18am
A round-up of notable broker activity this morning from Europe's
top-ranked* analysts:
    ** RBC upgrades Glencore  GLEN.L  to "outperform" noting
"well diversified portfolio of mining and marketing assets and
an inexpensive valuation now outweigh the risks we see on a
12-month view"
    ** 5-star analyst JPMorgan downgrades UK property stocks
Land Securities Group  LAND.L  and Derwent London  DLN.L  to
"neutral" and "underweight" respectively 
    ** JPMorgan says stocks are underestimating the risk of a
no-deal Brexit re-emerging in late 2020 and that the underlying
UK property market remains challenging
    ** 5-star brokerage Baader downgrades Kion Group  KGX.DE 
shares to "hold" from "buy" following the recent share price
recovery and raised target price to 64 euros from 56 euros,
adding that the company is on track towards achieving its full
year guidance

(*Analyst rankings from Thomson Reuters StarMine. The scale is
from 1-star to 5-star with 5 being the best. Analysts are ranked
on earnings accuracy as well as relative performance of
recommendations over trailing 12-month & 24-month periods.)

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