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).

Land Securities Group (LON:LAND) last released its quarterly earnings results on Tuesday, November 14th. The company reported GBX 25.70 ($0.35) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 26.60 ($0.36) by GBX (0.90) (($0.01)). Land Securities Group had a return on equity of 3.63% and a net margin of 50.86%. The company had revenue of £366 million for the quarter.

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.

Analyst Recommendations for Land Securities Group (LON:LAND)

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