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).
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.
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.
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