Land Securities Group plc (LON:LAND) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of Land Securities Group plc (LON:LAND) have been assigned an average recommendation of “Hold” from the thirteen research firms that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is GBX 1,107.92 ($14.43).
LAND has been the subject of a number of recent research reports. Peel Hunt reissued an “add” rating and issued a GBX 1,150 ($14.98) price objective on shares of Land Securities Group plc in a research note on Thursday, May 25th. Liberum Capital lifted their price target on shares of Land Securities Group plc from GBX 950 ($12.38) to GBX 1,000 ($13.03) and gave the stock a “hold” rating in a research note on Friday, May 26th. Jefferies Group LLC reaffirmed a “hold” rating and set a GBX 950 ($12.38) price target on shares of Land Securities Group plc in a research note on Wednesday, April 26th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a GBX 1,114 ($14.51) price target on shares of Land Securities Group plc in a research note on Thursday, June 15th. Finally, J P Morgan Chase & Co reiterated a “neutral” rating and set a GBX 1,200 ($15.63) price objective on shares of Land Securities Group plc in a report on Wednesday, May 31st.
Land Securities Group plc (LON LAND) traded down 1.76% on Monday, reaching GBX 1005.00. 2,047,823 shares of the company were exchanged. The firm’s market capitalization is GBX 7.94 billion. The firm has a 50-day moving average of GBX 1,036.09 and a 200 day moving average of GBX 1,054.66. Land Securities Group plc has a 12-month low of GBX 933.00 and a 12-month high of GBX 1,141.00.
The company also recently announced a dividend, which will be paid on Friday, October 6th. Investors of record on Thursday, September 7th will be paid a GBX 9.85 ($0.13) dividend. This represents a dividend yield of 0.9%. The ex-dividend date is Thursday, September 7th.
About Land Securities Group plc
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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