Land Securities Group’s (LAND) “Hold” Rating Reiterated at Jefferies Financial Group

by · The Markets Daily

Land Securities Group (LON:LAND – Get Free Report)‘s stock had its “hold” rating reaffirmed by equities research analysts at Jefferies Financial Group in a report issued on Thursday, Digital Look reports. They presently have a GBX 593 target price on the stock. Jefferies Financial Group’s price objective would suggest a potential downside of 8.84% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft increased their target price on shares of Land Securities Group from GBX 730 to GBX 750 and gave the stock a “buy” rating in a research note on Monday, October 5th. Berenberg Bank cut their price target on Land Securities Group from GBX 931 to GBX 863 and set a “buy” rating for the company in a research note on Wednesday. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 654.33.

Check Out Our Latest Research Report on Land Securities Group

Land Securities Group Stock Performance

LAND opened at GBX 650.50 on Thursday. The company has a debt-to-equity ratio of 68.76, a current ratio of 1.04 and a quick ratio of 0.54. The firm has a fifty day moving average price of GBX 651.58 and a 200 day moving average price of GBX 639.41. Land Securities Group has a 1 year low of GBX 525 and a 1 year high of GBX 726. The stock has a market cap of £5.39 billion, a P/E ratio of 14.17, a P/E/G ratio of 12.39 and a beta of 1.15.

Insider Activity

In other news, insider Mark Allan sold 53,273 shares of Land Securities Group stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of GBX 706, for a total value of £376,107.38. Also, insider Vanessa Simms sold 77,458 shares of the business’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 £546,853.48. In the last quarter, insiders bought 69 shares of company stock worth $44,598 and sold 257,194 shares worth $181,578,964. 0.56% of the stock is owned by company insiders.

Land Securities Group Company Profile

(Get Free Report)

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.

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