Land Securities Group (LON:LAND) Stock Rating Upgraded by The Goldman Sachs Group

Land Securities Group (LON:LAND) was upgraded by investment analysts at The Goldman Sachs Group to a “buy” rating in a research note issued on Monday,London Stock Exchange reports. The firm currently has a GBX 690 target price on the stock, down from their prior target price of GBX 710. The Goldman Sachs Group’s target price suggests a potential upside of 25.71% from the company’s current price.

LAND has been the subject of several other reports. Berenberg Bank cut their target price on shares of Land Securities Group from GBX 917 to GBX 897 and set a “buy” rating for the company in a research report on Monday, January 26th. 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 report on Tuesday, December 9th. Finally, Panmure Gordon raised shares of Land Securities Group to a “buy” rating and boosted their price objective for the company from GBX 424 to GBX 494 in a research report on Tuesday, December 2nd. Six research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Land Securities Group presently has an average rating of “Moderate Buy” and a consensus price target of GBX 650.13.

Land Securities Group Stock Performance

Shares of LON LAND traded up GBX 16.89 during midday trading on Monday, hitting GBX 548.89. 2,636,548 shares of the company’s stock traded hands, compared to its average volume of 11,196,581. Land Securities Group has a 1 year low of GBX 490.20 and a 1 year high of GBX 678.50. The stock has a market capitalization of £4.09 billion, a price-to-earnings ratio of 16.48, a price-to-earnings-growth ratio of 12.39 and a beta of 1.12. The company has a debt-to-equity ratio of 72.33, a quick ratio of 0.54 and a current ratio of 0.78. The firm has a fifty day moving average of GBX 626.11 and a 200 day moving average of GBX 614.04.

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.