Land Securities Group plc (LAND) Earns Hold Rating from Numis Securities Ltd
Land Securities Group plc (LON:LAND)‘s stock had its “hold” rating restated by investment analysts at Numis Securities Ltd in a research report issued on Thursday. They currently have a GBX 1,077 ($14.31) target price on the stock. Numis Securities Ltd’s target price points to a potential upside of 10.46% from the company’s previous close.
A number of other brokerages have also recently commented on LAND. Liberum Capital increased their price target on shares of Land Securities Group plc from GBX 1,000 ($13.29) to GBX 1,050 ($13.95) and gave the company a “hold” rating in a research report on Wednesday, August 2nd. Credit Suisse Group reiterated an “outperform” rating and set a GBX 1,140 ($15.15) price target on shares of Land Securities Group plc in a research report on Wednesday, September 13th. Deutsche Bank AG increased their price target on shares of Land Securities Group plc from GBX 1,000 ($13.29) to GBX 1,050 ($13.95) and gave the company a “hold” rating in a research report on Monday, September 11th. HSBC Holdings plc cut shares of Land Securities Group plc to a “hold” rating and reduced their price target for the company from GBX 1,210 ($16.08) to GBX 1,081 ($14.36) in a research report on Wednesday, September 6th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a GBX 1,114 ($14.80) price target on shares of Land Securities Group plc in a research report on Wednesday, September 27th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. Land Securities Group plc has a consensus rating of “Hold” and an average target price of GBX 1,109 ($14.74).
Shares of Land Securities Group plc (LAND) traded down 1.32% during midday trading on Thursday, hitting GBX 975.00. 3,116,262 shares of the company traded hands. 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 7.22 billion. The stock has a 50 day moving average of GBX 1,020.31 and a 200-day moving average of GBX 1,098.85.
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In other Land Securities Group plc news, insider Alison J. Carnwath purchased 10,050 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The stock was bought at an average price of GBX 978 ($12.99) per share, with a total value of £98,289 ($130,599.26).
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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