Jefferies Group reiterated their hold rating on shares of Land Securities Group (LON:LAND) in a research note issued to investors on Thursday morning. They currently have a GBX 860 ($11.66) target price on the stock.

Several other equities analysts have also weighed in on the stock. Peel Hunt reaffirmed a hold rating and set a GBX 950 ($12.88) target price on shares of Land Securities Group in a report on Wednesday. JPMorgan Chase & Co. raised shares of Land Securities Group to an overweight rating and set a GBX 1,200 ($16.27) price target for the company in a report on Monday, January 15th. Liberum Capital raised shares of Land Securities Group to a buy rating and boosted their price target for the stock from GBX 1,050 ($14.24) to GBX 1,125 ($15.26) in a report on Monday, January 8th. Credit Suisse Group lowered shares of Land Securities Group to a neutral rating and cut their price target for the stock from GBX 1,140.74 ($15.47) to GBX 1,035 ($14.04) in a report on Wednesday, December 6th. Finally, Numis Securities reissued a hold rating and issued a GBX 976 ($13.24) price target on shares of Land Securities Group in a report on Thursday, November 30th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. The stock currently has an average rating of Hold and an average price target of GBX 1,059.67 ($14.37).

Land Securities Group (LAND) traded down GBX 2.80 ($0.04) during trading hours on Thursday, hitting GBX 990.20 ($13.43). 2,866,395 shares of the stock traded hands, compared to its average volume of 2,530,000. The stock has a market cap of $7,360.00 and a price-to-earnings ratio of 4,125.83. Land Securities Group has a 52-week low of GBX 912 ($12.37) and a 52-week high of GBX 1,141 ($15.47).

Land Securities Group (LON:LAND) last posted its earnings results on Tuesday, November 14th. The company reported GBX 25.70 ($0.35) earnings per share for the quarter, missing the consensus estimate of GBX 26.60 ($0.36) by GBX (0.90) (($0.01)). The firm had revenue of £366 million for the quarter. Land Securities Group had a negative net margin of 8.59% and a negative return on equity of 0.61%.

The firm also recently announced a dividend, which was paid on Friday, January 5th. Stockholders of record on Thursday, November 30th were issued a dividend of GBX 9.85 ($0.13) per share. This represents a dividend yield of 1.07%. The ex-dividend date of this dividend was Thursday, November 30th.

In other news, insider Robert Noel purchased 18,365 shares of the stock in a transaction dated Tuesday, November 14th. The shares were purchased at an average price of GBX 933 ($12.65) per share, with a total value of £171,345.45 ($232,364.32). Also, insider Martin F. Greenslade purchased 8,000 shares of the stock in a transaction dated Friday, December 1st. The shares were purchased at an average cost of GBX 924 ($12.53) per share, for a total transaction of £73,920 ($100,244.10).

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Land Securities Group 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.

Analyst Recommendations for Land Securities Group (LON:LAND)

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