Land Securities Group (OTCMKTS:LSGOF) Shares Gap Up – Time to Buy?

Land Securities Group PLC (OTCMKTS:LSGOF) shares gapped up prior to trading on Friday. The stock had previously closed at $9.01, but opened at $9.32. Land Securities Group shares last traded at $9.32, with a volume of 3,357 shares changing hands.

Analysts Set New Price Targets

Separately, Jefferies Financial Group upgraded shares of Land Securities Group from a “moderate sell” rating to a “hold” rating in a report on Wednesday, October 14th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy”.

Land Securities Group Price Performance

The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.57. The company has a fifty day moving average price of $8.71 and a two-hundred day moving average price of $8.70.

About Land Securities Group

Land Securities Group plc, commonly known as Landsec, is a UK property company that owns, develops and manages commercial real estate. Its portfolio includes offices, shopping centres, retail parks and mixed-use destinations that combine retail, leisure and other uses. The company also undertakes development and regeneration projects, aiming to create and improve places for businesses, residents and visitors. Its operations are focused on the United Kingdom, including London and other major cities.