Land Securities Group Plc (LON:LAND) Receives Consensus Recommendation 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 ratings firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is GBX 644.43.

LAND has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised their target price on shares of Land Securities Group from GBX 425 to GBX 440 and gave the company a “neutral” rating in a research note on Thursday, November 27th. Berenberg Bank cut their price target on shares of Land Securities Group from GBX 917 to GBX 897 and set a “buy” rating for the company in a research note on Monday, January 26th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Land Securities Group from GBX 760 to GBX 730 and set a “buy” rating on the stock in a report on Friday, November 14th. Jefferies Financial Group reaffirmed an “underperform” rating and set a GBX 475 price objective on shares of Land Securities Group in a report on Monday, November 17th. Finally, Shore Capital Group reiterated a “hold” rating on shares of Land Securities Group in a research report on Friday, November 14th.

Land Securities Group Stock Performance

Shares of LAND opened at GBX 587.50 on Thursday. Land Securities Group has a 12-month low of GBX 490.20 and a 12-month high of GBX 678.50. The company has a current ratio of 0.78, a quick ratio of 0.54 and a debt-to-equity ratio of 72.33. The company has a market cap of £4.38 billion, a PE ratio of 17.64, a price-to-earnings-growth ratio of 12.39 and a beta of 1.12. The stock has a 50-day moving average price of GBX 642.21 and a 200-day moving average price of GBX 612.36.

Insider Transactions at Land Securities Group

In other news, insider Anne Richards acquired 16,497 shares of the business’s stock in a transaction dated Thursday, December 18th. The stock was purchased at an average cost of GBX 603 per share, for a total transaction of £99,476.91. Insiders bought a total of 16,615 shares of company stock worth $10,022,890 over the last three months. Insiders own 0.53% of the company’s stock.

Land Securities Group Company Profile

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.