Jefferies Group Reiterates “Buy” Rating for Land Securities Group plc (LAND)
Land Securities Group plc (LON:LAND)‘s stock had its “buy” rating reiterated by investment analysts at Jefferies Group in a note issued to investors on Monday. They currently have a GBX 1,216 ($20.65) price target on the stock. Jefferies Group’s price objective would indicate a potential upside of 16.25% from the stock’s previous close.
Land Securities Group plc (LON:LAND) traded down 0.48% during mid-day trading on Monday, hitting GBX 1046.00. The stock had a trading volume of 1,144,786 shares. Land Securities Group plc has a 52 week low of GBX 864.0001 and a 52 week high of GBX 1111.00. The stock’s 50-day moving average is GBX 1037. and its 200-day moving average is GBX 1048.18. The company’s market cap is £8.238 billion.
The company also recently announced a dividend, which is scheduled for Friday, October 10th. Stockholders of record on Wednesday, September 10th will be paid a dividend of GBX 7.90 ($0.13) per share. This represents a dividend yield of 0.77%. The ex-dividend date is Wednesday, September 10th.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “sell” rating on shares of Land Securities Group plc in a research note on Tuesday, July 22nd. Separately, analysts at Liberum Capital reiterated a “hold” rating on shares of Land Securities Group plc in a research note on Tuesday, July 15th. They now have a GBX 1,124 ($19.09) price target on the stock. Finally, analysts at Oriel Securities Ltd reiterated a “hold” rating on shares of Land Securities Group plc in a research note on Friday, July 11th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. Land Securities Group plc currently has an average rating of “Hold” and an average price target of GBX 1,088.64 ($18.49).
Land Securities Group PLC is a real estate investment trust (LON:LAND).
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