Land Securities Group (LON:LAND) Hits New 52-Week Low – Here’s What Happened

Shares of Land Securities Group Plc (LON:LAND) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 399.62 and last traded at GBX 627.50, with a volume of 4199822 shares. The stock had previously closed at GBX 630.50.

Analyst Ratings Changes

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

Land Securities Group Stock Down 0.3%

The company has a market capitalization of £4.68 billion, a P/E ratio of 13.69, a price-to-earnings-growth ratio of 12.39 and a beta of 1.15. The company has a current ratio of 1.04, a quick ratio of 0.54 and a debt-to-equity ratio of 68.76. The stock’s fifty day moving average is GBX 610.90 and its 200 day moving average is GBX 614.52.

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

Insider Activity

In related news, insider Mark Allan sold 42,500 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of GBX 597, for a total transaction of £253,725. Insiders bought 99 shares of company stock valued at $59,838 over the last quarter. 0.53% of the stock is owned by company insiders.

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.