Land Securities Group Plc (LON:LAND) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Land Securities Group Plc (LON:LAND) have been assigned a consensus rating of “Moderate Buy” from the ten brokerages that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is GBX 641.33.

A number of equities analysts have weighed in on LAND shares. The Goldman Sachs Group raised Land Securities Group to a “buy” rating and reduced their price target for the stock from GBX 710 to GBX 690 in a research report on Monday, March 30th. Citigroup reduced their price target on Land Securities Group from GBX 627 to GBX 604 and set a “neutral” rating for the company in a research report on Thursday, April 2nd. UBS Group reaffirmed a “buy” rating and set a GBX 705 price target on shares of Land Securities Group in a research report on Monday, May 11th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 897 price target on shares of Land Securities Group in a research report on Thursday, May 14th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 730 price target on shares of Land Securities Group in a research report on Friday, May 15th.

Land Securities Group Stock Performance

LON:LAND opened at GBX 630 on Tuesday. Land Securities Group has a twelve month low of GBX 522.50 and a twelve month high of GBX 678.50. The company has a quick ratio of 0.54, a current ratio of 1.04 and a debt-to-equity ratio of 68.76. The business has a 50 day moving average price of GBX 583.92 and a two-hundred day moving average price of GBX 611.80. The company has a market cap of £4.69 billion, a P/E ratio of 18.92, a price-to-earnings-growth ratio of 12.39 and a beta of 1.13.

Land Securities Group (LON:LAND) last released its quarterly earnings results on Thursday, May 14th. The company reported GBX 51.40 earnings per share for the quarter. Land Securities Group had a return on equity of 5.29% and a net margin of 38.45%.The firm had revenue of £892 million during the quarter. As a group, analysts expect that Land Securities Group will post 49.8433829 EPS for the current fiscal year.

Insiders Place Their Bets

In other Land Securities Group news, insider Mark Allan sold 42,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of GBX 597, for a total transaction of £253,725. Over the last three months, insiders purchased 76 shares of company stock worth $45,361. Corporate 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.