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Nieghbour: Building returns from Land Securities
The real estate company, Land Securities, is the focus of Joe Neighbour from Central Markets this Friday. He thinks Britain’s biggest commercial property company, which owns parts of Picadilly Circus in London, a has plenty of upside potential.
Land Securities is on the FTSE 100 and is now back to a support level of around GBP 10 and this is where Joe is looking to buy. Joe explains that lately there has been a notable increase in this stock’s trading volume, which is a good sign showing that investors sense some value in the company.
The First target is at the top of the range which is about £11 but if there is a successful breakthrough, Joe could see a high of GBP 12 some time in the future.
01:17 minutes
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