Jefferies Group Reaffirms Hold Rating for Land Securities Group (LAND)
Land Securities Group (LON:LAND)‘s stock had its “hold” rating reaffirmed by analysts at Jefferies Group in a report issued on Thursday. They currently have a GBX 860 ($11.66) price target on the stock. Jefferies Group’s target price would indicate a potential downside of 13.39% from the company’s previous close.
A number of other brokerages have also commented on LAND. Credit Suisse Group lowered Land Securities Group to a “neutral” rating and decreased their price objective for the stock from GBX 1,140.74 ($15.47) to GBX 1,035 ($14.04) in a report on Wednesday, December 6th. Liberum Capital reissued a “hold” rating and set a GBX 1,120 ($15.19) price objective on shares of Land Securities Group in a report on Friday, December 15th. Beaufort Securities reissued a “long term buy” rating and set a GBX 1,150 ($15.60) price objective on shares of Land Securities Group in a report on Friday, October 20th. Peel Hunt reissued an “add” rating and set a GBX 1,150 ($15.60) price objective on shares of Land Securities Group in a report on Tuesday, November 14th. Finally, JPMorgan Chase & Co. raised Land Securities Group to an “overweight” rating and set a GBX 1,200 ($16.27) price objective for the company in a report on Monday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. Land Securities Group currently has an average rating of “Hold” and a consensus price target of GBX 1,059.67 ($14.37).
Shares of Land Securities Group (LON:LAND) traded down GBX 12.60 ($0.17) on Thursday, reaching GBX 993 ($13.47). The company’s stock had a trading volume of 2,400,000 shares, compared to its average volume of 2,620,000. The company has a market cap of $7,360.00 and a price-to-earnings ratio of 4,137.50. Land Securities Group has a 1 year low of GBX 912 ($12.37) and a 1 year high of GBX 1,141 ($15.47).
In other news, insider Robert Noel acquired 18,365 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The shares were acquired 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 company’s stock in a transaction that occurred on Friday, December 1st. The stock was purchased at an average price of GBX 924 ($12.53) per share, for a total transaction of £73,920 ($100,244.10).
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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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