Land Securities Group (LON:LAND) Sets New 52-Week High – Here’s What Happened

Land Securities Group Plc (LON:LAND) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 679 and last traded at GBX 675, with a volume of 2369968 shares traded. The stock had previously closed at GBX 672.50.

Analyst Ratings Changes

A number of research analysts have issued reports on LAND shares. Jefferies Financial Group reissued an “underperform” rating and set a GBX 462 price objective on shares of Land Securities Group in a report on Friday, May 15th. Berenberg Bank reiterated a “buy” rating and set a GBX 897 target price on shares of Land Securities Group in a research report on Thursday, May 14th. UBS Group reissued a “buy” rating and set a GBX 705 price target on shares of Land Securities Group in a report on Monday, May 11th. The Goldman Sachs Group upgraded shares of Land Securities Group to a “buy” rating and reduced their price target for the company from GBX 710 to GBX 690 in a research report on Monday, March 30th. Finally, Citigroup decreased their price objective on shares of Land Securities Group from GBX 627 to GBX 604 and set a “neutral” rating on the stock in a research note on Thursday, April 2nd. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 641.33.

Land Securities Group Trading Up 0.7%

The company has a 50-day simple moving average of GBX 633.99 and a 200-day simple moving average of GBX 622. The company has a debt-to-equity ratio of 68.76, a quick ratio of 0.54 and a current ratio of 1.04. The stock has a market cap of £5.19 billion, a P/E ratio of 15.17, a P/E/G ratio of 12.39 and a beta of 1.14.

Land Securities Group (LON:LAND) last posted its quarterly earnings data on Thursday, May 14th. The company reported GBX 51.40 EPS for the quarter. The company had revenue of £892 million for the quarter. Land Securities Group had a return on equity of 5.29% and a net margin of 38.45%. On average, sell-side analysts forecast that Land Securities Group Plc will post 49.8433829 EPS for the current fiscal year.

Insider Transactions at Land Securities Group

In related news, insider Mark Allan sold 42,500 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of GBX 597, for a total transaction of £253,725. In the last 90 days, insiders have bought 145 shares of company stock worth $89,876. 0.53% of the stock is owned by corporate 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.