Land Securities Group (LON:LAND)‘s stock had its “hold” rating reaffirmed by Numis Securities in a research report issued to clients and investors on Thursday. They presently have a GBX 976 ($13.07) target price on the stock. Numis Securities’ price objective indicates a potential upside of 4.50% from the company’s current price.
A number of other analysts also recently issued reports on LAND. Jefferies Group reissued a “hold” rating and set a GBX 875 ($11.72) price objective on shares of Land Securities Group in a research report on Wednesday, November 15th. Goldman Sachs Group reissued a “neutral” rating and set a GBX 1,114 ($14.92) price objective on shares of Land Securities Group in a research report on Wednesday, September 27th. Liberum Capital raised their price objective on Land Securities Group from GBX 1,000 ($13.39) to GBX 1,050 ($14.06) and gave the stock a “hold” rating in a research report on Wednesday, August 2nd. J P Morgan Chase & Co reissued a “neutral” rating and set a GBX 1,200 ($16.07) price objective on shares of Land Securities Group in a research report on Wednesday, November 15th. Finally, Peel Hunt reissued an “add” rating and set a GBX 1,150 ($15.40) price objective on shares of Land Securities Group in a research report on Tuesday, November 14th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. Land Securities Group currently has a consensus rating of “Hold” and an average target price of GBX 1,095.46 ($14.67).
Shares of Land Securities Group (LON:LAND) traded up GBX 4 ($0.05) during trading hours on Thursday, hitting GBX 934 ($12.51). The company had a trading volume of 6,087,734 shares, compared to its average volume of 2,550,000. Land Securities Group has a 1 year low of GBX 912 ($12.21) and a 1 year high of GBX 1,141 ($15.28).
In other news, insider Alison J. Carnwath bought 10,050 shares of the company’s stock in a transaction on Monday, September 18th. The stock was bought at an average cost of GBX 978 ($13.10) per share, with a total value of £98,289 ($131,631.18). Also, insider Robert Noel bought 18,365 shares of the company’s stock in a transaction on Tuesday, November 14th. The stock was purchased at an average cost of GBX 933 ($12.49) per share, with a total value of £171,345.45 ($229,470.27).
About Land Securities Group
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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