Land Securities Group plc (LAND) Receives Average Rating of “Hold” from Analysts
Shares of Land Securities Group plc (LON:LAND) have received an average recommendation of “Hold” from the twelve brokerages that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is GBX 1,077.58 ($14.61).
Several equities research analysts have recently weighed in on LAND shares. Numis Securities reissued a “hold” rating and issued a GBX 1,077 ($14.61) price objective on shares of Land Securities Group in a report on Monday, September 18th. Liberum Capital reissued a “hold” rating and issued a GBX 1,050 ($14.24) price objective on shares of Land Securities Group in a report on Monday, September 18th. Goldman Sachs Group reissued a “neutral” rating and issued a GBX 1,114 ($15.11) price objective on shares of Land Securities Group in a report on Wednesday, September 27th. Beaufort Securities restated a “long term buy” rating and set a GBX 1,150 ($15.60) price target on shares of Land Securities Group in a research note on Friday, October 20th. Finally, Peel Hunt restated an “add” rating and set a GBX 1,150 ($15.60) price target on shares of Land Securities Group in a research note on Tuesday, November 14th.
Land Securities Group (LAND) traded up GBX 4.70 ($0.06) during mid-day trading on Monday, hitting GBX 979.10 ($13.28). The stock had a trading volume of 1,672,893 shares, compared to its average volume of 2,720,000. The firm has a market capitalization of $7,260.00 and a P/E ratio of 4,079.58. Land Securities Group has a 1-year low of GBX 912 ($12.37) and a 1-year high of GBX 1,141 ($15.47).
The firm also recently disclosed a dividend, which was paid on Friday, January 5th. Shareholders of record on Thursday, November 30th were given a GBX 9.85 ($0.13) dividend. This represents a yield of 1.07%. The ex-dividend date of this dividend was Thursday, November 30th.
In other Land Securities Group news, insider Robert Noel acquired 18,365 shares of the business’s stock in a transaction on Tuesday, November 14th. The stock was purchased at an average price of GBX 933 ($12.65) per share, for a total transaction of £171,345.45 ($232,364.32). Also, insider Martin F. Greenslade acquired 8,000 shares of the business’s stock in a transaction on Friday, December 1st. The stock was acquired at an average price of GBX 924 ($12.53) per share, with a total value of £73,920 ($100,244.10).
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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