Mark Allan Acquires 24 Shares of Land Securities Group (LON:LAND) Stock

Land Securities Group Plc (LON:LAND) insider Mark Allan bought 24 shares of the company’s stock in a transaction dated Monday, January 5th. The stock was purchased at an average price of GBX 618 per share, for a total transaction of £148.32.

Mark Allan also recently made the following trade(s):

• On Thursday, December 4th, Mark Allan bought 24 shares of Land Securities Group stock. The stock was acquired at an average cost of GBX 620 per share, with a total value of £148.80.
• On Tuesday, November 4th, Mark Allan purchased 25 shares of Land Securities Group stock. The stock was acquired at an average price of GBX 617 per share, with a total value of £154.25.

Land Securities Group Stock Performance

Shares of Land Securities Group stock traded up GBX 16.43 during trading on Wednesday, hitting GBX 640.93. 5,358,135 shares of the company’s stock traded hands, compared to its average volume of 12,681,120. Land Securities Group Plc has a 1 year low of GBX 490.20 and a 1 year high of GBX 652.50. The business has a 50-day simple moving average of GBX 612.05 and a 200-day simple moving average of GBX 594.87. The stock has a market capitalization of £4.77 billion, a P/E ratio of 19.25, a PEG ratio of 12.39 and a beta of 1.44. The company has a debt-to-equity ratio of 59.04, a current ratio of 0.42 and a quick ratio of 0.54.

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

Analysts Set New Price Targets

A number of analysts have commented on LAND shares. UBS Group reaffirmed a “buy” rating and set a GBX 725 target price on shares of Land Securities Group in a report on Friday, November 7th. Peel Hunt decreased their price target on shares of 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. Jefferies Financial Group reissued an “underperform” rating and issued a GBX 475 target price on shares of Land Securities Group in a report on Monday, November 17th. 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 note on Thursday, November 27th. Finally, Panmure Gordon upgraded shares of 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of GBX 602.33.

Land Securities Group Company Profile

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.