Berenberg Bank Cuts Land Securities Group (LON:LAND) Price Target to GBX 897

Land Securities Group (LON:LAND) had its target price trimmed by Berenberg Bank from GBX 917 to GBX 897 in a research report released on Monday morning, Marketbeat.com reports. The brokerage currently has a buy rating on the stock.

A number of other analysts have also commented on the company. Shore Capital reaffirmed a “hold” rating on shares of Land Securities Group in a research note 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 research report on Friday, November 7th. Jefferies Financial Group reiterated an “underperform” rating and set a GBX 475 price target on shares of Land Securities Group in a research report on Monday, November 17th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Land Securities Group from GBX 760 to GBX 730 and set a “buy” rating for the company in a report on Friday, November 14th. Finally, Panmure Gordon upgraded Land Securities Group to a “buy” rating and upped their target price for the stock from GBX 424 to GBX 494 in a report on Tuesday, December 2nd. Five equities 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 stock. According to MarketBeat.com, Land Securities Group currently has an average rating of “Moderate Buy” and a consensus price target of GBX 644.43.

Land Securities Group Stock Performance

Land Securities Group stock opened at GBX 653.89 on Monday. The company has a current ratio of 0.42, a quick ratio of 0.54 and a debt-to-equity ratio of 59.04. The firm has a market cap of £4.87 billion, a P/E ratio of 19.64, a P/E/G ratio of 12.39 and a beta of 1.44. Land Securities Group has a 1-year low of GBX 490.20 and a 1-year high of GBX 659. The firm has a 50-day moving average of GBX 616.41 and a 200-day moving average of GBX 598.46.

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 expect 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 acquired 500 shares of the stock in a transaction on Monday, November 17th. The stock was acquired at an average price of GBX 615 per share, for a total transaction of £3,075. Also, insider Anne Richards bought 16,497 shares of the company’s stock in a transaction on Thursday, December 18th. The stock was bought at an average cost of GBX 603 per share, for a total transaction of £99,476.91. Insiders have bought 17,142 shares of company stock valued at $10,344,848 over the last quarter. Company insiders own 0.53% of the company’s stock.

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.