Land Securities Group plc (LAND) Earns Neutral Rating from Goldman Sachs Group, Inc. (The)
Land Securities Group plc (LON:LAND)‘s stock had its “neutral” rating reissued by analysts at Goldman Sachs Group, Inc. (The) in a research report issued on Thursday. They presently have a GBX 1,114 ($14.09) price objective on the stock. Goldman Sachs Group, Inc. (The)’s target price would indicate a potential upside of 2.86% from the stock’s previous close.
A number of other equities research analysts have also commented on the stock. J P Morgan Chase & Co restated a “neutral” rating and set a GBX 1,200 ($15.18) price objective on shares of Land Securities Group plc in a report on Wednesday, May 31st. Liberum Capital raised their price objective on shares of Land Securities Group plc from GBX 950 ($12.02) to GBX 1,000 ($12.65) and gave the stock a “hold” rating in a report on Friday, May 26th. Peel Hunt restated an “add” rating and set a GBX 1,150 ($14.55) price objective on shares of Land Securities Group plc in a report on Thursday, May 25th. Jefferies Group LLC restated a “hold” rating and set a GBX 950 ($12.02) price objective on shares of Land Securities Group plc in a report on Wednesday, April 26th. Finally, BNP Paribas restated an “underperform” rating and set a GBX 1,100 ($13.92) price objective on shares of Land Securities Group plc in a report on Monday, April 3rd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of GBX 1,072.14 ($13.56).
Land Securities Group plc (LAND) traded down 2.68% on Thursday, hitting GBX 1054.00. The company’s stock had a trading volume of 1,805,011 shares. Land Securities Group plc has a 1-year low of GBX 810.00 and a 1-year high of GBX 1,209.00. The company’s market capitalization is GBX 8.33 billion. The company has a 50 day moving average price of GBX 1,094.58 and a 200-day moving average price of GBX 1,053.53.
The firm also recently disclosed a dividend, which will be paid on Friday, October 6th. Shareholders of record on Thursday, September 7th will be paid a GBX 9.85 ($0.12) dividend. This represents a yield of 0.9%. The ex-dividend date is Thursday, September 7th.
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In related news, insider Nicholas Cadbury purchased 1,900 shares of the firm’s stock in a transaction that occurred on Tuesday, March 28th. The shares were bought at an average cost of GBX 1,039 ($13.14) per share, with a total value of £19,741 ($24,972.80). Also, insider Martin F. Greenslade purchased 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 29th. The shares were bought at an average cost of GBX 1,042 ($13.18) per share, for a total transaction of £62,520 ($79,089.18).
Land Securities Group plc Company Profile
Land Securities Group PLC is a United Kingdom-based holding company. The Company is a real estate investment trust (REIT). The Company operates through two segments: Retail Portfolio and the London Portfolio. The Company’s Retail Portfolio includes all the shopping centers and shops (excluding central London shops), hotels and leisure assets, and retail warehouse properties.
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