Land Securities Group plc (LAND) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Land Securities Group plc (LON:LAND) have earned an average recommendation of “Hold” from the twelve brokerages that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is GBX 1,059.67 ($14.86).

Several equities research analysts recently commented on the company. Liberum Capital raised Land Securities Group to a “buy” rating and increased their price target for the company from GBX 1,050 ($14.72) to GBX 1,125 ($15.77) in a report on Monday, January 8th. Peel Hunt reiterated a “hold” rating and issued a GBX 950 ($13.32) price objective on shares of Land Securities Group in a research report on Wednesday, January 17th. Numis Securities reiterated a “hold” rating and issued a GBX 976 ($13.68) price objective on shares of Land Securities Group in a research report on Thursday, November 30th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 1,200 ($16.83) price objective on shares of Land Securities Group in a research report on Wednesday, November 15th. Finally, Jefferies Group reiterated a “hold” rating and issued a GBX 860 ($12.06) price objective on shares of Land Securities Group in a research report on Thursday, January 18th.

In other news, insider Martin F. Greenslade purchased 8,000 shares of the stock in a transaction dated Friday, December 1st. The stock was acquired at an average cost of GBX 924 ($12.96) per share, for a total transaction of £73,920 ($103,645.54). Also, insider Robert Noel purchased 18,365 shares of the stock in a transaction dated Tuesday, November 14th. The shares were purchased at an average price of GBX 933 ($13.08) per share, with a total value of £171,345.45 ($240,248.81).

Shares of Land Securities Group (LON:LAND) traded up GBX 0.40 ($0.01) during mid-day trading on Friday, reaching GBX 936.90 ($13.14). The company’s stock had a trading volume of 1,690,000 shares, compared to its average volume of 2,250,000. The stock has a market capitalization of $6,950.00 and a P/E ratio of 3,903.75. Land Securities Group has a 52 week low of GBX 912 ($12.79) and a 52 week high of GBX 1,141 ($16.00).

Land Securities Group (LON:LAND) last issued its quarterly earnings results on Tuesday, November 14th. The company reported GBX 25.70 ($0.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of GBX 26.60 ($0.37) by GBX (0.90) (($0.01)). Land Securities Group had a negative return on equity of 0.61% and a negative net margin of 8.59%. The business had revenue of £366 million for the quarter.

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About Land Securities Group

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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