Land Securities Group (LON:LAND) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Shares of Land Securities Group Plc (LON:LAND) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 634.44 and traded as high as GBX 697.50. Land Securities Group shares last traded at GBX 694.50, with a volume of 2,221,920 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Berenberg Bank reissued a “buy” rating and set a GBX 897 target price on shares of Land Securities Group in a research note on Thursday, May 14th. UBS Group restated a “buy” rating and issued a GBX 705 price objective on shares of Land Securities Group in a report on Monday, May 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 730 target price on shares of Land Securities Group in a research report on Friday, May 15th. Finally, Jefferies Financial Group reaffirmed an “underperform” rating and set a GBX 462 target price on shares of Land Securities Group in a research note on Friday, May 15th. Six analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 641.33.

Land Securities Group Trading Down 1.4%

The company has a current ratio of 1.04, a quick ratio of 0.54 and a debt-to-equity ratio of 68.76. The company has a market cap of £5.11 billion, a PE ratio of 14.96, a PEG ratio of 12.39 and a beta of 1.15. The stock has a 50 day moving average price of GBX 681.20 and a 200 day moving average price of GBX 634.62.

Insider Buying and Selling at Land Securities Group

In other news, insider Vanessa Simms sold 77,458 shares of the business’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of GBX 706, for a total transaction of £546,853.48. Also, insider Mark Allan sold 126,463 shares of the company’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of GBX 706, for a total transaction of £892,828.78. In the last three months, insiders have acquired 94 shares of company stock valued at $59,990 and have sold 257,194 shares valued at $181,578,964. Company insiders own 0.53% of the company’s stock.

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.