Land Securities Group Plc (LON:LAND) Receives Average Rating of “Moderate Buy” from Brokerages

Land Securities Group Plc (LON:LAND) has received a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is GBX 644.43.

Several analysts have weighed in on LAND shares. Peel Hunt lowered their price target on shares of 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. Berenberg Bank reduced their price objective on Land Securities Group from GBX 917 to GBX 897 and set a “buy” rating on the stock in a research note on Monday, January 26th. Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 475 price objective on shares of Land Securities Group in a report on Monday, November 17th. JPMorgan Chase & Co. boosted their target price on Land Securities Group from GBX 425 to GBX 440 and gave the company a “neutral” rating in a research note on Thursday, November 27th. Finally, Panmure Gordon raised Land Securities Group to a “buy” rating and boosted their target price for the company from GBX 424 to GBX 494 in a research note on Tuesday, December 2nd.

Insider Buying and Selling

In related news, insider Anne Richards purchased 16,497 shares of the firm’s stock in a transaction on Thursday, December 18th. The shares were acquired at an average cost of GBX 603 per share, with a total value of £99,476.91. Over the last 90 days, insiders purchased 16,615 shares of company stock valued at $10,022,890. 0.53% of the stock is owned by insiders.

Land Securities Group Price Performance

Shares of Land Securities Group stock opened at GBX 592.50 on Thursday. Land Securities Group has a 52-week low of GBX 490.20 and a 52-week high of GBX 678.50. The stock has a market capitalization of £4.41 billion, a price-to-earnings ratio of 17.79, a price-to-earnings-growth ratio of 12.39 and a beta of 1.12. The company has a fifty day moving average of GBX 640.25 and a 200-day moving average of GBX 613.07. The company has a debt-to-equity ratio of 72.33, a quick ratio of 0.54 and a current ratio of 0.78.

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.