HSBC Holdings plc Lowers Land Securities Group plc (LAND) to Hold
Land Securities Group plc (LON:LAND) was downgraded by stock analysts at HSBC Holdings plc to a “hold” rating in a research report issued on Wednesday. They currently have a GBX 1,081 ($13.96) target price on the stock, down from their prior target price of GBX 1,210 ($15.63). HSBC Holdings plc’s price objective would indicate a potential upside of 8.32% from the stock’s previous close.
Several other equities analysts have also issued reports on the company. Liberum Capital reaffirmed a “hold” rating and set a GBX 1,050 ($13.56) price objective on shares of Land Securities Group plc in a report on Wednesday. Numis Securities Ltd reaffirmed a “hold” rating and set a GBX 1,077 ($13.91) price objective on shares of Land Securities Group plc in a report on Tuesday, September 5th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a GBX 1,114 ($14.39) price objective on shares of Land Securities Group plc in a report on Thursday, June 15th. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a GBX 1,200 ($15.50) price objective on shares of Land Securities Group plc in a report on Wednesday, May 31st. Finally, Peel Hunt reaffirmed an “add” rating and set a GBX 1,150 ($14.85) price objective on shares of Land Securities Group plc in a report on Thursday, May 25th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 1,107.25 ($14.30).
Shares of Land Securities Group plc (LON:LAND) traded down 0.15% during mid-day trading on Wednesday, reaching GBX 998.00. The company’s stock had a trading volume of 1,421,248 shares. Land Securities Group plc has a 52 week low of GBX 933.00 and a 52 week high of GBX 1,141.00. The stock’s market capitalization is GBX 7.88 billion. The company’s 50-day moving average is GBX 1,010.09 and its 200-day moving average is GBX 1,051.97.
TRADEMARK VIOLATION WARNING: This report was originally reported by American Banking News and is owned by of American Banking News. If you are accessing this report on another website, it was copied illegally and republished in violation of United States & international trademark & copyright legislation. The original version of this report can be viewed at https://www.americanbankingnews.com/2017/09/10/hsbc-holdings-plc-lowers-land-securities-group-plc-land-to-hold.html.
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.
Receive News & Ratings for Land Securities Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Land Securities Group plc and related companies with MarketBeat.com's FREE daily email newsletter.