Land Securities Group (LON:LAND) Stock: Insider Mark Allan Purchases 22 Shares

Land Securities Group Plc (LON:LAND) insider Mark Allan bought 22 shares of the stock in a transaction that occurred on Wednesday, November 4th. The shares were purchased at an average price of GBX 684 per share, with a total value of £150.48.

Mark Allan also recently made the following trade(s):

• On Monday, October 5th, Mark Allan acquired 24 shares of Land Securities Group stock. The shares were bought at an average cost of GBX 617 per share, for a total transaction of £148.08.
• On Friday, September 4th, Mark Allan purchased 23 shares of Land Securities Group stock. The stock was bought at an average cost of GBX 662 per share, with a total value of £152.26.

Land Securities Group Stock Performance

Shares of LON LAND traded up GBX 4 during trading hours on Thursday, reaching GBX 687.50. The stock had a trading volume of 1,215,744 shares, compared to its average volume of 28,030,270. The firm has a market cap of £5.70 billion, a price-to-earnings ratio of 14.98, a PEG ratio of 12.39 and a beta of 1.15. The company has a current ratio of 1.04, a quick ratio of 0.54 and a debt-to-equity ratio of 68.76. Land Securities Group Plc has a fifty-two week low of GBX 525 and a fifty-two week high of GBX 726. The firm has a 50-day moving average of GBX 643.42 and a 200-day moving average of GBX 637.90.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on LAND shares. Berenberg Bank dropped their price target on Land Securities Group from GBX 931 to GBX 863 and set a “buy” rating on the stock in a research report on Wednesday, October 14th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 593 price objective on shares of Land Securities Group in a research report on Thursday, October 15th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Land Securities Group from GBX 730 to GBX 750 and gave the company a “buy” rating in a research note on Monday, October 5th. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 654.33.

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.