Land Securities Group (LON:LAND) Stock Price Passes Above 200 Day Moving Average – Here’s Why

Shares of Land Securities Group Plc (LON:LAND) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 595.35 and traded as high as GBX 631.29. Land Securities Group shares last traded at GBX 621.46, with a volume of 2,364,698 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts have issued reports on LAND shares. Jefferies Financial Group restated an “underperform” rating and set a GBX 475 price target on shares of Land Securities Group in a research report on Monday, November 17th. Peel Hunt lowered their target price on Land Securities Group from GBX 760 to GBX 750 and set a “buy” rating for the company in a research note on Tuesday, December 9th. UBS Group restated a “buy” rating and set a GBX 725 target price on shares of Land Securities Group in a report on Friday, November 7th. Deutsche Bank Aktiengesellschaft decreased their price target on Land Securities Group from GBX 760 to GBX 730 and set a “buy” rating on the stock in a research note on Friday, November 14th. Finally, Panmure Gordon upgraded Land Securities Group to a “buy” rating and boosted their price objective for the company from GBX 424 to GBX 494 in a research report on Tuesday, December 2nd. Four investment 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, the stock has an average rating of “Hold” and an average target price of GBX 602.33.

Land Securities Group Trading Up 0.2%

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 company has a market capitalization of £4.69 billion, a PE ratio of 18.89, a price-to-earnings-growth ratio of 12.39 and a beta of 1.44. The stock’s fifty day moving average price is GBX 612.86 and its two-hundred day moving average price is GBX 595.35.

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

Insiders Place Their Bets

In related news, insider Anne Richards purchased 16,497 shares of the business’s stock in a transaction that occurred on Thursday, December 18th. The shares were acquired at an average price of GBX 603 per share, for a total transaction of £99,476.91. Also, insider Baroness Casey acquired 500 shares of Land Securities Group stock in a transaction on Monday, November 17th. The shares were bought at an average cost of GBX 615 per share, for a total transaction of £3,075. Insiders purchased 17,142 shares of company stock valued at $10,344,848 in the last ninety days. 0.53% of the stock is currently owned by insiders.

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.