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).

Land Securities Group (LON:LAND) last issued its quarterly earnings data on Tuesday, November 14th. The company reported GBX 25.70 ($0.35) EPS for the quarter, missing analysts’ consensus estimates of GBX 26.60 ($0.36) by GBX (0.90) (($0.01)). The company had revenue of £366 million for the quarter. Land Securities Group had a negative return on equity of 0.61% and a negative net margin of 8.59%.

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.

Analyst Recommendations for Land Securities Group (LON:LAND)

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