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Loads of UK shares have been hammered in current weeks as world inventory markets have plummeted. In response to my information supplier, over 100 FTSE 350 shares are at the moment buying and selling 30% or extra under their 52-week highs.
Right here, I’m going to spotlight 10 UK shares which might be sitting a whopping 50% or extra under their 52-week highs in the mean time. May there be some shopping for alternatives to contemplate right here?
10 shares which have been smashed
Within the desk under, I’ve highlighted the ten shares from the FTSE 350 index which have fallen the furthest from their 52-week highs. It’s an attention-grabbing mixture of shares – there’s a mining firm, a housebuilder, a expertise firm, a financial institution, and far more.
| Inventory | % under 52-week excessive |
| Aston Martin Lagonda World Holdings | 67% |
| Vistry | 64% |
| THG | 64% |
| Ferrexpo | 62% |
| JD Sports activities Vogue | 61% |
| Glencore | 55% |
| Kainos | 54% |
| 4imprint | 53% |
| Shut Brothers | 52% |
| Dr Martens | 52% |
Now, there are a couple of shares on that listing that I’ll be steering away from. Automotive enterprise Aston Martin Lagonda World Holdings is one instance. It’s an unprofitable firm that has a historical past of disappointing traders. Its shares have been locked in a nasty downtrend for a very long time.
However there are a couple of names that look attention-grabbing to me and that I imagine may very well be price contemplating (for the long run) at present ranges. One is JD Sports activities Vogue (LSE: JD.). It sells athletic footwear and attire and operates globally in the present day.
Price a better look?
JD Sports activities Vogue shares look actually low cost proper now. With the consensus earnings per share (EPS) forecast for the yr ending 31 January 2026 sitting at 12.2p, the forward-looking price-to-earnings (P/E) ratio is just 5.2 on the present share worth of 64p – that’s a low valuation.
In fact, that EPS forecast is prone to be too excessive. Realistically, JD’s enterprise goes to take a success from tariffs because it now has a variety of US publicity (it’s going to probably face greater wholesale costs from retailers like Nike).
It may additionally take a success from an financial slowdown. In a recession, customers have a tendency to carry off on shopping for discretionary objects like trainers.
However even when we have been to slash the EPS forecast by 50% to six.1p, the inventory nonetheless appears to be like low cost! That might take the P/E ratio to 10.4, which isn’t a excessive valuation for a corporation with loads of long-term potential in a world the place individuals are exercising extra and dressing extra casually.
Now, I’ll level out that purchasing in the present day is dangerous. Whereas the shares have fallen a good distance in current months, they might have additional to fall.
Tomorrow, the corporate is about to offer an organization replace through which it’s going to present some steerage and an replace on its medium-term plan. This might result in share worth volatility — the inventory may rise however may additionally fall.
Taking a five-year view, nevertheless, I believe the inventory has potential. In any case, trainers aren’t prone to exit of style any time quickly.
