Land Securities Group Plc (LON:LAND) Receives Consensus Recommendation of “Hold” from Brokerages

Land Securities Group Plc (LON:LAND) has received a consensus recommendation of “Hold” from the seven brokerages that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is GBX 602.33.

Several equities research analysts have recently issued reports on LAND shares. Peel Hunt reduced their price objective on shares of Land Securities Group from GBX 760 to GBX 750 and set a “buy” rating on the stock in a research report on Tuesday, December 9th. Panmure Gordon upgraded shares of Land Securities Group to a “buy” rating and boosted their price target for the stock from GBX 424 to GBX 494 in a research note on Tuesday, December 2nd. Shore Capital reissued a “hold” rating on shares of Land Securities Group in a report on Friday, November 14th. UBS Group reaffirmed a “buy” rating and issued a GBX 725 target price on shares of Land Securities Group in a report on Friday, November 7th. Finally, Jefferies Financial Group reissued an “underperform” rating and set a GBX 475 price target on shares of Land Securities Group in a research note on Monday, November 17th.

Insider Activity at Land Securities Group

In other Land Securities Group news, insider Baroness Casey purchased 500 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were bought at an average price of GBX 615 per share, with a total value of £3,075. Also, insider Anne Richards acquired 16,497 shares of the stock in a transaction on Thursday, December 18th. The shares were acquired at an average price of GBX 603 per share, with a total value of £99,476.91. Insiders have bought a total of 17,145 shares of company stock worth $10,345,427 over the last ninety days. Insiders own 0.53% of the company’s stock.

Land Securities Group Price Performance

Shares of Land Securities Group stock opened at GBX 607.50 on Friday. The company has a market capitalization of £4.53 billion, a price-to-earnings ratio of 18.24, a PEG ratio of 12.39 and a beta of 1.44. The company has a quick ratio of 0.54, a current ratio of 0.42 and a debt-to-equity ratio of 59.04. The stock’s 50-day simple moving average is GBX 614.40 and its 200-day simple moving average is GBX 595.33. Land Securities Group has a 52 week low of GBX 490.20 and a 52 week high of GBX 652.50.

Land Securities Group (LON:LAND) last issued its 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%. As a group, analysts expect that Land Securities Group will post 49.8433829 earnings per share for the current fiscal year.

About Land Securities Group

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.