Land Securities Group (LON:LAND) Stock Gets Price Target Reduction from Berenberg Bank

Land Securities Group (LON:LAND) had its price objective lowered by Berenberg Bank from GBX 931 to GBX 863 in a research report sent to investors on Wednesday,Digital Look reports. Berenberg Bank currently has a buy rating on the stock.

Other equities analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft upped their price target on Land Securities Group from GBX 730 to GBX 750 and gave the company a “buy” rating in a report on Monday, October 5th. Jefferies Financial Group reissued an “underperform” rating and set a GBX 462 price objective on shares of Land Securities Group in a report on Monday, September 28th. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 654.33.

Land Securities Group Stock Down 0.2%

LAND stock opened at GBX 650.50 on Wednesday. Land Securities Group has a twelve month low of GBX 525 and a twelve month high of GBX 726. 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 company has a market cap of £5.39 billion, a PE ratio of 14.17, a price-to-earnings-growth ratio of 12.39 and a beta of 1.15. The business’s 50-day simple moving average is GBX 651.58 and its 200 day simple moving average is GBX 639.41.

Insiders Place Their Bets

In other news, insider Vanessa Simms sold 77,458 shares of the stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of GBX 706, for a total value of £546,853.48. Also, insider Mark Allan sold 53,273 shares of the stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of GBX 706, for a total transaction of £376,107.38. In the last quarter, insiders have acquired 69 shares of company stock worth $44,598 and have sold 257,194 shares worth $181,578,964. 0.56% of the stock is owned by 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.