Deutsche Bank AG Reiterates “Hold” Rating for Land Securities Group plc (LAND)
Land Securities Group plc (LON:LAND)‘s stock had its “hold” rating reissued by analysts at Deutsche Bank AG in a report released on Monday. They presently have a GBX 1,000 ($13.05) target price on the stock. Deutsche Bank AG’s price objective would indicate a potential downside of 5.12% from the company’s current price.
A number of other brokerages have also recently weighed in on LAND. JPMorgan Chase & Co. decreased their price target on shares of Land Securities Group plc from GBX 1,500 ($19.58) to GBX 1,450 ($18.93) and set an “overweight” rating for the company in a research report on Wednesday, June 22nd. Numis Securities Ltd cut shares of Land Securities Group plc to a “hold” rating and decreased their price target for the stock from GBX 1,310 ($17.10) to GBX 1,128 ($14.72) in a research report on Tuesday, August 16th. BNP Paribas reaffirmed an “underperform” rating and set a GBX 890 ($11.62) price target on shares of Land Securities Group plc in a research report on Monday, August 1st. Liberum Capital reaffirmed a “sell” rating and set a GBX 925 ($12.07) price target on shares of Land Securities Group plc in a research report on Thursday, July 21st. Finally, Credit Suisse Group AG upped their price target on shares of Land Securities Group plc from GBX 1,075 ($14.03) to GBX 1,185 ($15.47) and gave the stock a “neutral” rating in a research report on Friday, June 17th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of GBX 1,189.05 ($15.52).
Shares of Land Securities Group plc (LON:LAND) opened at 1034.00 on Monday. The firm’s 50-day moving average price is GBX 1,066.25 and its 200 day moving average price is GBX 1,095.59. The stock’s market cap is GBX 8.16 billion. Land Securities Group plc has a 1-year low of GBX 810.00 and a 1-year high of GBX 1,355.00.
In other news, insider Noel,Robert sold 13,939 shares of the stock in a transaction that occurred on Friday, July 8th. The shares were sold at an average price of GBX 962 ($12.56), for a total value of £134,093.18 ($175,033.52).
About Land Securities Group plc
Land Securities Group PLC is a United Kingdom-based holding company. The Company is a real estate investment trust (REIT). The Company operates through two segments: Retail Portfolio and London Portfolio. The Company’s Retail Portfolio includes all the shopping centers and shops (excluding central London shops), hotels and leisure assets, and retail warehouse properties.
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