Land Securities Group (LAND) Given New GBX 1,040 Price Target at Morgan Stanley
Land Securities Group (LON:LAND) had its price objective decreased by equities researchers at Morgan Stanley from GBX 1,070 ($14.78) to GBX 1,040 ($14.37) in a report released on Tuesday. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s price target suggests a potential upside of 14.90% from the company’s previous close.
A number of other equities analysts have also recently issued reports on the stock. Credit Suisse Group cut shares of Land Securities Group to a “neutral” rating and cut their target price for the stock from GBX 1,140.74 ($15.76) to GBX 1,035 ($14.30) in a report on Wednesday, December 6th. JPMorgan Chase & Co. raised shares of Land Securities Group to an “overweight” rating and set a GBX 1,200 ($16.58) target price on the stock in a report on Monday, January 15th. Liberum Capital raised shares of Land Securities Group to a “buy” rating and raised their target price for the stock from GBX 1,050 ($14.51) to GBX 1,125 ($15.54) in a report on Monday, January 8th. Numis Securities reissued a “hold” rating and issued a GBX 976 ($13.48) target price on shares of Land Securities Group in a report on Thursday, November 30th. Finally, Jefferies Group reissued a “hold” rating and issued a GBX 875 ($12.09) target price on shares of Land Securities Group in a report on Wednesday, November 15th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of GBX 1,046.23 ($14.45).
Land Securities Group (LON LAND) opened at GBX 905.10 ($12.50) on Tuesday. Land Securities Group has a twelve month low of GBX 909.30 ($12.56) and a twelve month high of GBX 1,141 ($15.76). The stock has a market cap of $6,810.00 and a PE ratio of 3,771.25.
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About Land Securities Group
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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