Land Securities Group (LON:LAND) Stock Passes Above 200 Day Moving Average – What’s Next?

Land Securities Group Plc (LON:LAND)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 620.93 and traded as high as GBX 672.50. Land Securities Group shares last traded at GBX 672.50, with a volume of 252,414,828 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on LAND shares. Berenberg Bank reiterated a “buy” rating and set a GBX 897 target price on shares of Land Securities Group in a research report on Thursday, May 14th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 730 price target on shares of Land Securities Group in a report on Friday, May 15th. Citigroup decreased their price target on shares of Land Securities Group from GBX 627 to GBX 604 and set a “neutral” rating for the company in a research note on Thursday, April 2nd. Jefferies Financial Group reiterated an “underperform” rating and set a GBX 462 price objective on shares of Land Securities Group in a report on Friday, May 15th. Finally, UBS Group reissued a “buy” rating and set a GBX 705 price objective on shares of Land Securities Group in a research report on Monday, May 11th. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 641.33.

Land Securities Group Stock Up 0.7%

The stock has a market cap of £5.01 billion, a price-to-earnings ratio of 14.65, a PEG ratio of 12.39 and a beta of 1.14. The stock has a 50 day simple moving average of GBX 630.48 and a 200 day simple moving average of GBX 620.93. The company has a quick ratio of 0.54, a current ratio of 1.04 and a debt-to-equity ratio of 68.76.

Land Securities Group (LON:LAND) last issued its 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 company had revenue of £892 million for the quarter. As a group, analysts expect that Land Securities Group Plc will post 49.8433829 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Land Securities Group news, insider Mark Allan sold 42,500 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of GBX 597, for a total transaction of £253,725. In the last three months, insiders have acquired 145 shares of company stock worth $89,876. 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.