Land Securities Group (LON:LAND) was downgraded by analysts at Credit Suisse Group to a “neutral” rating in a report released on Wednesday. They presently have a GBX 1,035 ($13.93) price target on the stock, down from their prior price target of GBX 1,140.74 ($15.35). Credit Suisse Group’s price target would indicate a potential upside of 7.98% from the company’s current price.
Several other research firms have also recently commented on LAND. Liberum Capital restated a “hold” rating and set a GBX 1,050 ($14.13) price target on shares of Land Securities Group in a research note on Tuesday, November 14th. Jefferies Group restated a “hold” rating and set a GBX 875 ($11.78) price target on shares of Land Securities Group in a research note on Wednesday, November 15th. Beaufort Securities reiterated a “long term buy” rating and issued a GBX 1,150 ($15.48) price objective on shares of Land Securities Group in a research report on Friday, October 20th. Peel Hunt reiterated an “add” rating and issued a GBX 1,150 ($15.48) price objective on shares of Land Securities Group in a research report on Tuesday, November 14th. Finally, cut Land Securities Group to a “hold” rating and cut their price objective for the stock from GBX 1,210 ($16.29) to GBX 1,081 ($14.55) in a research report on Wednesday, September 6th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 1,087.38 ($14.64).
Shares of Land Securities Group (LON:LAND) opened at GBX 958.50 ($12.90) on Wednesday. Land Securities Group has a 52 week low of GBX 912 ($12.27) and a 52 week high of GBX 1,141 ($15.36).
In related news, insider Martin F. Greenslade acquired 8,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were acquired at an average price of GBX 924 ($12.44) per share, with a total value of £73,920 ($99,488.56). Also, insider Robert Noel purchased 18,365 shares of the firm’s stock in a transaction on Tuesday, November 14th. The stock was acquired at an average cost of GBX 933 ($12.56) per share, for a total transaction of £171,345.45 ($230,612.99). In the last ninety days, insiders have purchased 36,415 shares of company stock worth $34,355,445.
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Land Securities Group 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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