Land Securities Group Plc (LON:LAND) Receives Average Rating of “Hold” from Brokerages

Shares of Land Securities Group Plc (LON:LAND) have been given an average recommendation of “Hold” by the seven ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is GBX 602.33.

Several research analysts have issued reports on LAND shares. Peel Hunt decreased their target price on shares of Land Securities Group from GBX 760 to GBX 750 and set a “buy” rating for the company in a report on Tuesday, December 9th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Land Securities Group from GBX 760 to GBX 730 and set a “buy” rating for the company in a research report on Friday, November 14th. Jefferies Financial Group reaffirmed an “underperform” rating and issued a GBX 475 price objective on shares of Land Securities Group in a research report on Monday, November 17th. Shore Capital reiterated a “hold” rating on shares of Land Securities Group in a research note on Friday, November 14th. Finally, JPMorgan Chase & Co. boosted their price target on Land Securities Group from GBX 425 to GBX 440 and gave the stock a “neutral” rating in a research note on Thursday, November 27th.

Insider Transactions at Land Securities Group

In related news, insider Baroness Casey purchased 500 shares of Land Securities Group stock in a transaction dated Monday, November 17th. The stock was purchased 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 the firm’s stock in a transaction dated Thursday, December 18th. The shares were bought at an average cost of GBX 603 per share, with a total value of £99,476.91. In the last three months, insiders acquired 17,142 shares of company stock valued at $10,344,848. 0.53% of the stock is owned by insiders.

Land Securities Group Trading Up 0.6%

Land Securities Group stock opened at GBX 643.50 on Wednesday. Land Securities Group has a 12 month low of GBX 490.20 and a 12 month high of GBX 658.07. The company has a market capitalization of £4.79 billion, a price-to-earnings ratio of 19.32, a price-to-earnings-growth ratio of 12.39 and a beta of 1.44. The business’s fifty day simple moving average is GBX 613.55 and its two-hundred day simple moving average is GBX 597.12. 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 issued its quarterly earnings results on Friday, November 14th. The company reported GBX 25.80 earnings per share for the quarter. Land Securities Group had a negative return on equity of 4.88% and a negative net margin of 38.71%. As a group, equities analysts predict that Land Securities Group will post 49.8433829 earnings per share for the current fiscal year.

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.