Lendlease Group (OTCMKTS:LLESY) Trading 11.4% Higher – Still a Buy?
by Michael Walen · The Markets DailyLendlease Group (OTCMKTS:LLESY – Get Free Report) shares shot up 11.4% during mid-day trading on Monday . The company traded as high as $2.1050 and last traded at $2.1050. Approximately 1,223 shares changed hands during mid-day trading, an increase of 26% from the average session volume of 971 shares. The stock had previously closed at $1.89.
Analyst Ratings Changes
Separately, Zacks Research upgraded Lendlease Group to a “hold” rating in a research report on Tuesday, April 7th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Lendlease Group currently has a consensus rating of “Hold”.
Check Out Our Latest Analysis on Lendlease Group
Lendlease Group Price Performance
The stock has a 50 day simple moving average of $2.16 and a 200 day simple moving average of $2.77.
About Lendlease Group
Lendlease Group is a multinational property and infrastructure company headquartered in Sydney, Australia. The firm specializes in end-to-end capabilities spanning development, construction, project management, investment, and asset and property management. Its offerings cover residential, commercial, retail, logistics, and social infrastructure sectors, with a focus on sustainable and integrated urban regeneration.
Founded in 1958 by Dutch-born engineer Dick Dusseldorp, Lendlease has grown from its origins in Australian housing development to become a global player.