Land Securities Group (LAND) Rating Reiterated by Numis Securities

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).

Land Securities Group (LON:LAND) last issued its quarterly earnings data on Tuesday, November 14th. The company reported GBX 25.70 ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of GBX 26.60 ($0.36) by GBX (0.90) (($0.01)). The business had revenue of £366 million for the quarter. Land Securities Group had a return on equity of 3.63% and a net margin of 50.86%.

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).

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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.

Analyst Recommendations for Land Securities Group (LON:LAND)

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