Land Securities Group (LON:LAND) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Shares of Land Securities Group Plc (LON:LAND) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 613.07 and traded as high as GBX 664. Land Securities Group shares last traded at GBX 657, with a volume of 3,336,627 shares.

Analyst Upgrades and Downgrades

Several research firms have weighed in on LAND. The Goldman Sachs Group upgraded Land Securities Group to a “buy” rating and reduced their target price for the stock from GBX 710 to GBX 690 in a report on Monday, March 30th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 730 target price on shares of Land Securities Group in a report on Friday, May 15th. Citigroup dropped their price target on Land Securities Group from GBX 627 to GBX 604 and set a “neutral” rating on the stock in a research note on Thursday, April 2nd. Jefferies Financial Group reiterated an “underperform” rating and set a GBX 462 target price on shares of Land Securities Group in a report on Friday, May 15th. Finally, UBS Group reissued a “buy” rating and set a GBX 705 price target on shares of Land Securities Group in a research report on Monday, May 11th. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of GBX 641.33.

Land Securities Group Trading Up 2.3%

The company has a quick ratio of 0.54, a current ratio of 1.04 and a debt-to-equity ratio of 68.76. The firm has a market capitalization of £4.89 billion, a P/E ratio of 14.31, a PEG ratio of 12.39 and a beta of 1.15. The firm has a 50 day moving average of GBX 604.27 and a 200-day moving average of GBX 613.07.

Land Securities Group (LON:LAND) last issued its quarterly earnings results on Thursday, May 14th. The company reported GBX 51.40 earnings per share (EPS) for the quarter. Land Securities Group had a return on equity of 5.29% and a net margin of 38.45%.The business had revenue of £892 million during the quarter. On average, equities research analysts predict that Land Securities Group Plc will post 49.8433829 earnings per share for the current fiscal year.

Insider Activity at Land Securities Group

In other news, insider Mark Allan sold 42,500 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of GBX 597, for a total value of £253,725. In the last three months, insiders acquired 99 shares of company stock valued at $59,838. 0.53% of the stock is currently owned by corporate insiders.

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.