Land Securities Group plc (LAND) Downgraded by Canaccord Genuity
Land Securities Group plc (LON:LAND) was downgraded by equities researchers at Canaccord Genuity to a “hold” rating in a research note issued on Friday. They presently have a GBX 1,075 ($13.43) price target on the stock, down from their prior price target of GBX 1,115 ($13.93). Canaccord Genuity’s price target suggests a potential upside of 2.19% from the company’s previous close.
Several other equities analysts also recently issued reports on the stock. Liberum Capital boosted their price target on shares of Land Securities Group plc from GBX 925 ($11.56) to GBX 950 ($11.87) and gave the company a “hold” rating in a report on Friday, February 3rd. BNP Paribas reissued an “underperform” rating and set a GBX 1,050 ($13.12) price target on shares of Land Securities Group plc in a report on Tuesday, January 3rd. Numis Securities Ltd downgraded shares of Land Securities Group plc to a “reduce” rating and reduced their price target for the company from GBX 1,088 ($13.60) to GBX 926 ($11.57) in a report on Friday, January 13th. Goldman Sachs Group, Inc. (The) raised shares of Land Securities Group plc to a “buy” rating and set a GBX 1,238 ($15.47) price target for the company in a report on Wednesday, January 25th. Finally, Barclays PLC boosted their price target on shares of Land Securities Group plc from GBX 1,240 ($15.50) to GBX 1,280 ($16.00) and gave the company an “overweight” rating in a report on Tuesday, December 13th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. Land Securities Group plc has a consensus rating of “Hold” and a consensus price target of GBX 1,108.25 ($13.85).
Land Securities Group plc (LON:LAND) opened at 1049.00 on Friday. Land Securities Group plc has a 12-month low of GBX 810.00 and a 12-month high of GBX 1,211.00. The firm’s 50-day moving average is GBX 1,023.47 and its 200 day moving average is GBX 1,029.34. The stock’s market capitalization is GBX 8.28 billion.
The business also recently disclosed a dividend, which will be paid on Friday, April 7th. Investors of record on Thursday, March 9th will be issued a GBX 8.95 ($0.11) dividend. This represents a yield of 0.87%. The ex-dividend date of this dividend is Thursday, March 9th.
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Land Securities Group plc Company Profile
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 the 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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