Land Securities Group (LON:LAND) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Land Securities Group Plc (LON:LAND)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 595.45 and traded as high as GBX 608.50. Land Securities Group shares last traded at GBX 607.50, with a volume of 801,601 shares.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Land Securities Group from GBX 760 to GBX 730 and set a “buy” rating on the stock in a research report on Friday, November 14th. UBS Group reissued a “buy” rating and set a GBX 725 price target on shares of Land Securities Group in a research report on Friday, November 7th. Peel Hunt lowered their price objective on Land Securities Group from GBX 760 to GBX 750 and set a “buy” rating on the stock in a research note on Tuesday, December 9th. JPMorgan Chase & Co. upped their target price on Land Securities Group from GBX 425 to GBX 440 and gave the company a “neutral” rating in a research report on Thursday, November 27th. Finally, Panmure Gordon raised Land Securities Group to a “buy” rating and increased their target price for the stock from GBX 424 to GBX 494 in a report on Tuesday, December 2nd. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of GBX 602.33.

Land Securities Group Price Performance

The company’s 50-day moving average is GBX 614.40 and its 200-day moving average is GBX 595.33. The firm has a market cap of £4.53 billion, a price-to-earnings ratio of 18.24, a price-to-earnings-growth ratio of 12.39 and a beta of 1.44. The company has a current ratio of 0.42, a quick ratio of 0.54 and a debt-to-equity ratio of 59.04.

Land Securities Group (LON:LAND) last announced its quarterly earnings data on Friday, November 14th. The company reported GBX 25.80 EPS for the quarter. Land Securities Group had a negative net margin of 38.71% and a negative return on equity of 4.88%. Equities research analysts predict that Land Securities Group Plc will post 49.8433829 earnings per share for the current year.

Insiders Place Their Bets

In other Land Securities Group news, insider Baroness Casey acquired 500 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was acquired at an average cost of GBX 615 per share, for a total transaction of £3,075. Also, insider Anne Richards acquired 16,497 shares of Land Securities Group stock in a transaction that occurred on Thursday, December 18th. The stock was acquired at an average cost of GBX 603 per share, for a total transaction of £99,476.91. Insiders have bought a total of 17,145 shares of company stock valued at $10,345,427 in the last three months. 0.53% of the stock is owned by insiders.

About Land Securities Group

At Landsec, we build and invest in buildings, spaces and partnerships to create sustainable places, connect communities and realise potential. We are one of the largest real estate companies in Europe, with a £12 billion portfolio of retail, leisure, workspace and residential hubs. Landsec is shaping a better future by leading our industry on environmental and social sustainability while delivering value for our shareholders, great experiences for our guests and positive change for our communities.