Land Securities Group plc (LAND) Given Average Recommendation of “Hold” by Brokerages
Shares of Land Securities Group plc (LON:LAND) have been assigned an average recommendation of “Hold” from the thirteen ratings firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is GBX 1,120.33 ($14.54).
A number of equities analysts have recently issued reports on the stock. Goldman Sachs Group, Inc. (The) lowered their target price on shares of Land Securities Group plc from GBX 1,238 ($16.07) to GBX 1,225 ($15.90) and set a “neutral” rating on the stock in a research report on Friday, May 12th. Jefferies Group LLC reaffirmed a “hold” rating and set a GBX 950 ($12.33) price target on shares of Land Securities Group plc in a report on Wednesday, April 26th. Peel Hunt reaffirmed an “add” rating and set a GBX 1,150 ($14.93) price target on shares of Land Securities Group plc in a report on Thursday, May 18th. Liberum Capital reaffirmed a “hold” rating and set a GBX 950 ($12.33) price target on shares of Land Securities Group plc in a report on Thursday, May 18th. Finally, J P Morgan Chase & Co downgraded Land Securities Group plc to a “neutral” rating and decreased their price target for the stock from GBX 1,250 ($16.23) to GBX 1,200 ($15.58) in a report on Friday, May 19th.
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Shares of Land Securities Group plc (LON LAND) traded down 2.05% during trading on Friday, reaching GBX 1002.00. 1,778,466 shares of the company traded hands. The stock’s market capitalization is GBX 7.92 billion. The firm’s 50 day moving average is GBX 1,015.89 and its 200-day moving average is GBX 1,054.08. Land Securities Group plc has a 12-month low of GBX 933.00 and a 12-month high of GBX 1,141.00.
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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