Land Securities Group (LON:LAND) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Shares of Land Securities Group Plc (LON:LAND) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 611.68 and traded as high as GBX 642. Land Securities Group shares last traded at GBX 630.50, with a volume of 2,551,460 shares trading hands.

Analyst Ratings Changes

A number of research firms recently weighed in on LAND. Citigroup dropped their price target on Land Securities Group from GBX 627 to GBX 604 and set a “neutral” rating for the company in a report on Thursday, April 2nd. The Goldman Sachs Group upgraded Land Securities Group to a “buy” rating and decreased their price objective for the company from GBX 710 to GBX 690 in a research report on Monday, March 30th. Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 462 price objective on shares of Land Securities Group in a research report on Friday, May 15th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 730 price objective on shares of Land Securities Group in a research report on Friday, May 15th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 897 price objective on shares of Land Securities Group in a research report on Thursday, May 14th. Six research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 641.33.

Land Securities Group Price Performance

The company has a debt-to-equity ratio of 68.76, a quick ratio of 0.54 and a current ratio of 1.04. The firm has a market capitalization of £4.70 billion, a P/E ratio of 18.93, a price-to-earnings-growth ratio of 12.39 and a beta of 1.13. The company has a 50-day moving average price of GBX 589.02 and a 200-day moving average price of GBX 611.68.

Land Securities Group (LON:LAND) last posted its quarterly earnings results on Thursday, May 14th. The company reported GBX 51.40 earnings per share (EPS) for the quarter. Land Securities Group had a return on equity of 5.29% and a net margin of 38.45%.The business had revenue of £892 million for the quarter. On average, sell-side analysts predict that Land Securities Group Plc will post 49.8433829 earnings per share for the current year.

Insider Activity

In other news, insider Mark Allan sold 42,500 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of GBX 597, for a total value of £253,725. 0.53% of the stock is owned by corporate 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.