Land Securities Group (LAND) Earns “Hold” Rating from Jefferies Group
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).
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).
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.
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