Land Securities Group plc Price Target Cut to GBX 1,165 by Analysts at Jefferies Group (LAND)
Equities researchers at Jefferies Group decreased their price objective on shares of Land Securities Group plc (LON:LAND) from GBX 1,211 ($20.40) to GBX 1,165 ($19.62) in a research report issued on Monday, Analyst Ratings News reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s target price would suggest a potential upside of 9.49% from the company’s current price.
LAND has been the subject of a number of other recent research reports. Analysts at Liberum Capital reiterated a “hold” rating on shares of Land Securities Group plc in a research note on Friday, May 9th. They now have a GBX 1,097 ($18.48) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “sell” rating on shares of Land Securities Group plc in a research note on Wednesday, May 7th. They now have a GBX 770 ($12.97) price target on the stock. Finally, analysts at HSBC reiterated a “neutral” rating on shares of Land Securities Group plc in a research note on Tuesday, May 6th. They now have a GBX 1,143.10 ($19.25) price target on the stock. Three analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 1,051.50 ($17.71).
Shares of Land Securities Group plc (LON:LAND) opened at 1064.00 on Monday. Land Securities Group plc has a 52-week low of GBX 845.00 and a 52-week high of GBX 1111.00. The stock has a 50-day moving average of GBX 1052. and a 200-day moving average of GBX 1016.. The company’s market cap is £8.346 billion.
The company also recently declared a dividend, which is scheduled for Tuesday, July 22nd. Shareholders of record on Wednesday, June 18th will be given a dividend of GBX 7.90 ($0.13) per share. This represents a yield of 0.73%. The ex-dividend date of this dividend is Wednesday, June 18th.
Land Securities Group PLC is a real estate investment trust (LON:LAND).
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