Land Securities Group (LON:LAND) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Shares of Land Securities Group Plc (LON:LAND) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 613.07 and traded as high as GBX 664. Land Securities Group shares last traded at GBX 657, with a volume of 3,336,627 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on LAND. Jefferies Financial Group reaffirmed an “underperform” rating and set a GBX 462 price target on shares of Land Securities Group in a report on Friday, May 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 730 price target on shares of Land Securities Group in a report on Friday, May 15th. 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 raised Land Securities Group to a “buy” rating and lowered their target price for the company from GBX 710 to GBX 690 in a research note on Monday, March 30th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 897 target price on shares of Land Securities Group in a research note on Thursday, May 14th. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 641.33.

Land Securities Group Price Performance

The company has a 50 day moving average price of GBX 604.27 and a 200 day moving average price of GBX 613.07. The company has a market capitalization of £4.89 billion, a price-to-earnings ratio of 14.31, a PEG ratio of 12.39 and a beta of 1.15. The company has a current ratio of 1.04, a quick ratio of 0.54 and a debt-to-equity ratio of 68.76.

Land Securities Group (LON:LAND) last released its earnings results on Thursday, May 14th. The company reported GBX 51.40 EPS for the quarter. Land Securities Group had a return on equity of 5.29% and a net margin of 38.45%.The company had revenue of £892 million during the quarter. As a group, equities research analysts forecast 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. In the last 90 days, insiders acquired 99 shares of company stock valued at $59,838. 0.53% of the stock is owned by company insiders.

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.