10 UK shares that are 50% or more off their 52-week highs

A variety of UK shares have been hammered in latest weeks as international inventory markets have plummeted. In keeping with my knowledge supplier, over 100 FTSE 350 shares are presently 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 for the time being. 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 fascinating mixture of shares – there’s a mining firm, a housebuilder, a know-how firm, a financial institution, and way more.

Now, there are just a few shares on that checklist 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 buyers. Its shares have been locked in a nasty downtrend for a very long time.

However there are just a few names that look fascinating to me and that I imagine may very well be value contemplating (for the long run) at present ranges. One is JD Sports activities Trend (LSE: JD.). It sells athletic footwear and attire and operates globally at the moment.

Value a more in-depth look?

JD Sports activities Trend 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 value of 64p – that’s a low valuation.

In fact, that EPS forecast is more likely to be too excessive. Realistically, JD’s enterprise goes to take successful from tariffs because it now has quite a lot of US publicity (it would doubtlessly face larger wholesale costs from retailers like Nike).

It may additionally take successful 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 seems to be low-cost! That may 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 persons are exercising extra and dressing extra casually.

Now, I’ll level out that purchasing at the moment is dangerous. Whereas the shares have fallen a good distance in latest months, they might have additional to fall.

Tomorrow, the corporate is about to supply an organization replace during which it would present some steering and an replace on its medium-term plan. This might result in share value volatility — the inventory may rise however may additionally fall.

Taking a five-year view, nevertheless, I feel the inventory has potential. In spite of everything, trainers aren’t more likely to exit of vogue any time quickly.