Land Securities Group Stock Rating Reaffirmed by Jefferies Group (LAND)
Land Securities Group (LON:LAND)‘s stock had its “buy” rating restated by analysts at Jefferies Group in a research report issued to clients and investors on Friday, StockRatingsNetwork.com reports. They currently have a GBX 1,112 ($18.25) target price on the stock. Jefferies Group’s target price would suggest a potential upside of 5.90% from the company’s current price.
Shares of Land Securities Group (LON:LAND) traded up 0.29% during mid-day trading on Friday, hitting GBX 1050.00. 2,763,110 shares of the company’s stock traded hands. Land Securities Group has a 1-year low of GBX 798.00 and a 1-year high of GBX 1055.00. The stock’s 50-day moving average is GBX 972.0 and its 200-day moving average is GBX 947.8. The company’s market cap is £8.236 billion.
The company also recently announced a dividend, which is scheduled for Friday, April 11th. Shareholders of record on Wednesday, March 12th will be paid a dividend of GBX 7.60 ($0.12) per share. This represents a dividend yield of 0.73%. The ex-dividend date is Wednesday, March 12th.
LAND has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Land Securities Group in a research note to investors on Thursday. They now have a GBX 1,100 ($18.06) price target on the stock. Separately, analysts at Beaufort Securities reiterated a “buy” rating on shares of Land Securities Group in a research note to investors on Thursday. Finally, analysts at Deutsche Bank reiterated a “sell” rating on shares of Land Securities Group in a research note to investors on Thursday. They now have a GBX 770 ($12.64) price target on the stock. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 983.35 ($16.14).
Land Securities Group PLC is a real estate investment trust (LON:LAND).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.