Land Securities Group Plc (LON:LAND) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Land Securities Group Plc (LON:LAND) have been given a consensus rating of “Moderate Buy” by the eight analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is GBX 644.43.

Several brokerages have issued reports on LAND. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Land Securities Group from GBX 760 to GBX 730 and set a “buy” rating for the company in a research report on Friday, November 14th. Peel Hunt decreased their price target on Land Securities Group from GBX 760 to GBX 750 and set a “buy” rating for the company in a report on Tuesday, December 9th. Shore Capital Group reissued a “hold” rating on shares of Land Securities Group in a research note on Friday, November 14th. Panmure Gordon raised Land Securities Group to a “buy” rating and raised their price objective for the company from GBX 424 to GBX 494 in a research note on Tuesday, December 2nd. Finally, JPMorgan Chase & Co. upped their target price on Land Securities Group from GBX 425 to GBX 440 and gave the stock a “neutral” rating in a research report on Thursday, November 27th.

Insiders Place Their Bets

In other news, insider Anne Richards acquired 16,497 shares of Land Securities Group stock in a transaction on Thursday, December 18th. The stock was acquired at an average cost of GBX 603 per share, with a total value of £99,476.91. Insiders have bought a total of 16,638 shares of company stock worth $10,037,175 in the last three months. 0.53% of the stock is currently owned by corporate insiders.

Land Securities Group Stock Performance

LON LAND opened at GBX 668.50 on Friday. Land Securities Group has a fifty-two week low of GBX 490.20 and a fifty-two week high of GBX 678.50. The firm’s fifty day moving average price is GBX 636.33 and its two-hundred day moving average price is GBX 607.77. The company has a debt-to-equity ratio of 59.04, a quick ratio of 0.54 and a current ratio of 0.42. The stock has a market cap of £4.98 billion, a PE ratio of 20.08, a PEG ratio of 12.39 and a beta of 1.44.

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.