Land Securities Group (LON:LAND) Price Target Raised to GBX 440

Land Securities Group (LON:LAND) had its price target raised by JPMorgan Chase & Co. from GBX 425 to GBX 440 in a research note issued to investors on Thursday, Marketbeat Ratings reports. The firm currently has a neutral rating on the stock.

A number of other brokerages have also weighed in on LAND. Peel Hunt reissued a “buy” rating and issued a GBX 760 price target on shares of Land Securities Group in a report on Tuesday, September 30th. UBS Group reiterated a “buy” rating and issued a GBX 725 price objective on shares of Land Securities Group in a research report on Friday, November 7th. Shore Capital reissued a “hold” rating on shares of Land Securities Group in a research note on Friday, November 14th. Deutsche Bank Aktiengesellschaft dropped their target price on Land Securities Group from GBX 760 to GBX 730 and set a “buy” rating for the company in a research report on Friday, November 14th. Finally, Jefferies Financial Group reaffirmed an “underperform” rating and set a GBX 475 price target on shares of Land Securities Group in a research note on Monday, November 17th. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of GBX 646.

Land Securities Group Stock Performance

Shares of LAND opened at GBX 605 on Thursday. The company’s 50 day moving average price is GBX 610.95 and its 200 day moving average price is GBX 597.27. The company has a market capitalization of £4.51 billion, a PE ratio of 11.42, a PEG ratio of 12.39 and a beta of 1.44. The company has a debt-to-equity ratio of 59.04, a quick ratio of 0.54 and a current ratio of 0.42. Land Securities Group has a 52 week low of GBX 490.20 and a 52 week high of GBX 652.50.

Land Securities Group (LON:LAND) last issued its quarterly earnings data on Friday, November 14th. The company reported GBX 25.80 EPS for the quarter. Land Securities Group had a negative net margin of 38.71% and a negative return on equity of 4.88%. Research analysts expect that Land Securities Group will post 49.8433829 EPS for the current fiscal year.

Insider Activity

In related news, insider Baroness Casey purchased 500 shares of Land Securities Group stock in a transaction dated Monday, November 17th. The shares were acquired at an average cost of GBX 615 per share, for a total transaction of £3,075. In the last 90 days, insiders acquired 655 shares of company stock valued at $397,676. 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.