Land Securities Group plc (LAND) Receives Consensus Rating of “Hold” from Analysts
Shares of Land Securities Group plc (LON:LAND) have been given an average rating of “Hold” by the fourteen brokerages that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is GBX 1,077.69 ($13.71).
A number of research firms have commented on LAND. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a GBX 1,114 ($14.17) target price on shares of Land Securities Group plc in a research report on Thursday, June 15th. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a GBX 1,200 ($15.26) target price on shares of Land Securities Group plc in a research report on Wednesday, May 31st. Liberum Capital upped their target price on shares of Land Securities Group plc from GBX 950 ($12.08) to GBX 1,000 ($12.72) and gave the company a “hold” rating in a research report on Friday, May 26th. Peel Hunt reaffirmed an “add” rating and issued a GBX 1,150 ($14.63) target price on shares of Land Securities Group plc in a research report on Thursday, May 25th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a GBX 950 ($12.08) target price on shares of Land Securities Group plc in a research report on Wednesday, April 26th.
In other Land Securities Group plc news, insider Martin F. Greenslade purchased 6,000 shares of the business’s stock in a transaction on Wednesday, March 29th. The shares were bought at an average cost of GBX 1,042 ($13.25) per share, for a total transaction of £62,520 ($79,521.75).
Land Securities Group plc (LON LAND) traded down 0.88% on Tuesday, reaching GBX 1019.00. 1,772,909 shares of the company traded hands. Land Securities Group plc has a 1-year low of GBX 810.00 and a 1-year high of GBX 1,209.00. The stock’s market capitalization is GBX 8.05 billion. The stock has a 50 day moving average of GBX 1,086.54 and a 200-day moving average of GBX 1,056.73.
The firm also recently declared a dividend, which will be paid on Friday, October 6th. Shareholders of record on Thursday, September 7th will be paid a dividend of GBX 9.85 ($0.13) per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a yield of 0.9%.
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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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