Land Securities Group (OTCMKTS:LSGOF) Shares Gap Up – Here’s What Happened

Land Securities Group PLC (OTCMKTS:LSGOF) gapped up prior to trading on Monday. The stock had previously closed at $8.1525, but opened at $9.01. Land Securities Group shares last traded at $9.01, with a volume of 918 shares.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group raised shares of Land Securities Group from a “moderate sell” rating to a “hold” rating in a report on Wednesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy”.

Land Securities Group Stock Performance

The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.67 and a current ratio of 0.67. The business’s 50-day simple moving average is $8.77 and its 200 day simple moving average is $8.67.

Land Securities Group Company Profile

Land Securities Group plc, commonly known as Landsec, is a United Kingdom-based real estate company that develops, owns and manages commercial property. Its portfolio includes offices, retail destinations, leisure facilities and mixed-use developments, with a particular focus on prominent locations in London and other major UK cities.

The company’s activities span property investment, development, asset management and the operation of retail and leisure destinations. Landsec also develops urban neighborhoods that combine residential, commercial, retail and public spaces, with projects designed to support businesses, residents and visitors.

Established in 1944, Landsec has evolved into one of the UK’s major property companies.