Credit Suisse Group Downgrades Land Securities Group (LAND) to Neutral
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.
COPYRIGHT VIOLATION WARNING: “Credit Suisse Group Downgrades Land Securities Group (LAND) to Neutral” was reported by American Banking News and is the property of of American Banking News. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://www.americanbankingnews.com/2017/12/10/credit-suisse-group-downgrades-land-securities-group-land-to-neutral.html.
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.
Receive News & Ratings for Land Securities Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Land Securities Group plc and related companies with MarketBeat.com's FREE daily email newsletter.