AlphaValue Downgrades Land Securities Group to Sell (LAND)
Land Securities Group (LON:LAND) was downgraded by AlphaValue to a “sell” rating in a research note issued on Wednesday, StockRatingsNetwork reports. They currently have a GBX 866.90 ($14.03) price objective on the stock, up from their previous price objective of GBX 865.60 ($14.00). AlphaValue’s target price suggests a potential downside of 11.18% from the company’s current price.
A number of other analysts have also recently weighed in on LAND. Analysts at Deutsche Bank reiterated a “sell” rating on shares of Land Securities Group in a research note to investors on Thursday, October 24th. They now have a GBX 750 ($12.13) price target on the stock. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of Land Securities Group in a research note to investors on Monday, October 14th. They now have a GBX 992 ($16.05) price target on the stock. Finally, analysts at Goldman Sachs Group Inc. reiterated a “sell” rating on shares of Land Securities Group in a research note to investors on Tuesday, October 8th. They now have a GBX 750 ($12.13) price target on the stock. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of GBX 935.84 ($15.14).
Shares of Land Securities Group (LON:LAND) opened at 976.00 on Wednesday. Land Securities Group has a 52 week low of GBX 746.00 and a 52 week high of GBX 1007.00. The stock has a 50-day moving average of GBX 947.1 and a 200-day moving average of GBX 924.0. The company’s market cap is £7.618 billion.
Land Securities Group PLC is a real estate investment trust (LON:LAND).
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