Citigroup Cuts Land Securities Group (LON:LAND) Price Target to GBX 604

Land Securities Group (LON:LAND) had its target price lowered by stock analysts at Citigroup from GBX 627 to GBX 604 in a research report issued on Thursday,London Stock Exchange reports. The brokerage currently has a “neutral” rating on the stock. Citigroup’s target price suggests a potential upside of 6.34% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. Peel Hunt reduced their price objective 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. The Goldman Sachs Group upgraded shares of Land Securities Group to a “buy” rating and lowered their target price for the company from GBX 710 to GBX 690 in a research note on Monday. Finally, Berenberg Bank dropped their price target on shares of Land Securities Group from GBX 917 to GBX 897 and set a “buy” rating on the stock in a report on Monday, January 26th. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Land Securities Group currently has an average rating of “Moderate Buy” and an average target price of GBX 645.

Land Securities Group Stock Down 0.1%

Shares of LAND stock traded down GBX 0.50 during mid-day trading on Thursday, hitting GBX 568. The company’s stock had a trading volume of 480,840,625 shares, compared to its average volume of 18,224,670. Land Securities Group has a 52-week low of GBX 490.20 and a 52-week high of GBX 678.50. The business has a 50-day moving average price of GBX 621 and a 200 day moving average price of GBX 613.77. The company has a debt-to-equity ratio of 72.33, a quick ratio of 0.54 and a current ratio of 0.78. The stock has a market cap of £4.23 billion, a price-to-earnings ratio of 17.06, a PEG ratio of 12.39 and a beta of 1.12.

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.