Land Securities Group plc (LAND) Earns “Neutral” Rating from Goldman Sachs Group, Inc. (The)
Land Securities Group plc (LON:LAND)‘s stock had its “neutral” rating reaffirmed by investment analysts at Goldman Sachs Group, Inc. (The) in a research note issued to investors on Thursday. They presently have a GBX 1,114 ($14.09) target price on the stock. Goldman Sachs Group, Inc. (The)’s target price indicates a potential upside of 2.86% from the stock’s previous close.
Several other research firms have also issued reports on LAND. Canaccord Genuity lowered shares of Land Securities Group plc to a “hold” rating and decreased their price target for the stock from GBX 1,115 ($14.10) to GBX 1,075 ($13.60) in a research report on Friday, February 17th. J P Morgan Chase & Co restated a “neutral” rating and issued a GBX 1,200 ($15.18) price target on shares of Land Securities Group plc in a research report on Wednesday, May 31st. Liberum Capital restated a “hold” rating and issued a GBX 950 ($12.02) price target on shares of Land Securities Group plc in a research report on Friday, March 24th. BNP Paribas restated an “underperform” rating and issued a GBX 1,100 ($13.92) price target on shares of Land Securities Group plc in a research report on Monday, April 3rd. Finally, Peel Hunt restated an “add” rating and issued a GBX 1,150 ($14.55) price target on shares of Land Securities Group plc in a research report on Thursday, May 18th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of GBX 1,072.14 ($13.56).
Land Securities Group plc (LON:LAND) opened at 1060.00 on Thursday. The firm has a 50-day moving average of GBX 1,094.58 and a 200-day moving average of GBX 1,053.53. Land Securities Group plc has a 52-week low of GBX 810.00 and a 52-week high of GBX 1,209.00. The stock’s market capitalization is GBX 8.38 billion.
The firm also recently announced a dividend, which will be paid on Friday, October 6th. Stockholders of record on Thursday, September 7th will be given a dividend of GBX 9.85 ($0.12) per share. The ex-dividend date is Thursday, September 7th. This represents a dividend yield of 0.9%.
In other Land Securities Group plc news, insider Nicholas Cadbury bought 1,900 shares of the firm’s stock in a transaction dated Tuesday, March 28th. The shares were acquired at an average cost of GBX 1,039 ($13.14) per share, for a total transaction of £19,741 ($24,972.80). Also, insider Martin F. Greenslade bought 6,000 shares of the firm’s stock in a transaction dated Wednesday, March 29th. The shares were acquired at an average price of GBX 1,042 ($13.18) per share, for a total transaction of £62,520 ($79,089.18).
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 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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