Land Securities Group (OTCMKTS:LDSCY) Shares Climb 0.2% – Should You Buy?

Land Securities Group Plc (OTCMKTS:LDSCY) shot up 0.2% during mid-day trading on Friday. The company traded as high as $8.70 and last traded at $8.61. Approximately 79,785 shares were traded during mid-day trading, a decline of 27% from the average session volume of 108,855 shares. The stock had previously closed at $8.59.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on LDSCY. Jefferies Financial Group upgraded shares of Land Securities Group to a “hold” rating in a report on Wednesday. Barclays reissued an “overweight” rating on shares of Land Securities Group in a research note on Monday, August 24th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Land Securities Group Stock Up 0.2%

The stock has a 50 day moving average price of $8.78 and a 200-day moving average price of $8.64.

About Land Securities Group

Land Securities Group plc, commonly known as Landsec, is a United Kingdom-based commercial property company. It owns, develops, and manages a diversified portfolio of office, retail, leisure, and mixed-use properties, with a particular focus on major urban locations.

The company’s activities include property investment, development, asset management, and the creation of mixed-use destinations that combine workplaces, shops, restaurants, entertainment venues, and residential accommodation.