Land Securities Group (LON:LAND) Upgraded at Panmure Gordon

Panmure Gordon upgraded shares of Land Securities Group (LON:LAND) to a buy rating in a research note released on Tuesday, MarketBeat reports. The brokerage currently has GBX 494 price target on the stock, up from their prior price target of GBX 424.

Several other equities analysts have also recently weighed in on LAND. JPMorgan Chase & Co. raised their target price on shares of Land Securities Group from GBX 425 to GBX 440 and gave the company a “neutral” rating in a research note on Thursday, November 27th. Shore Capital reissued a “hold” rating on shares of Land Securities Group in a research report on Friday, November 14th. Peel Hunt restated a “buy” rating and set a GBX 760 price objective on shares of Land Securities Group in a research note on Tuesday, September 30th. Jefferies Financial Group reiterated an “underperform” rating and set a GBX 475 price target on shares of Land Securities Group in a report on Monday, November 17th. Finally, UBS Group restated a “buy” rating and issued a GBX 725 price objective on shares of Land Securities Group in a research note on Friday, November 7th. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Land Securities Group has a consensus rating of “Hold” and an average price target of GBX 604.

Land Securities Group Trading Up 0.8%

LAND opened at GBX 615.61 on Tuesday. The firm’s fifty day moving average is GBX 613.72 and its two-hundred day moving average is GBX 597.58. The firm has a market cap of £4.59 billion, a PE ratio of 11.62, a price-to-earnings-growth ratio of 12.39 and a beta of 1.44. Land Securities Group has a twelve month low of GBX 490.20 and a twelve month high of GBX 652.50. The company has a debt-to-equity ratio of 59.04, a quick ratio of 0.54 and a current ratio of 0.42.

Land Securities Group (LON:LAND) last announced its quarterly earnings results on Friday, November 14th. The company reported GBX 25.80 earnings per share (EPS) for the quarter. Land Securities Group had a negative return on equity of 4.88% and a negative net margin of 38.71%. Equities research analysts anticipate that Land Securities Group will post 49.8433829 EPS for the current year.

Insider Activity at Land Securities Group

In related news, insider Baroness Casey bought 500 shares of Land Securities Group stock in a transaction dated Monday, November 17th. The stock was purchased at an average cost of GBX 615 per share, with a total value of £3,075. In the last quarter, insiders acquired 600 shares of company stock worth $367,976. Insiders own 0.53% of the company’s stock.

Land Securities Group Company Profile

At Landsec, we build and invest in buildings, spaces and partnerships to create sustainable places, connect communities and realise potential. We are one of the largest real estate companies in Europe, with a £12 billion portfolio of retail, leisure, workspace and residential hubs. Landsec is shaping a better future by leading our industry on environmental and social sustainability while delivering value for our shareholders, great experiences for our guests and positive change for our communities.