Land Securities Group (LON:LAND) Sets New 52-Week High – What’s Next?

Land Securities Group Plc (LON:LAND) reached a new 52-week high during trading on Monday . The company traded as high as GBX 679.50 and last traded at GBX 666, with a volume of 8013127 shares changing hands. The stock had previously closed at GBX 657.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on LAND. UBS Group reaffirmed a “buy” rating and set a GBX 705 target price on shares of Land Securities Group in a research report on Monday, May 11th. The Goldman Sachs Group raised Land Securities Group to a “buy” rating and dropped their price objective for the stock from GBX 710 to GBX 690 in a research note on Monday, March 30th. Citigroup reduced their price objective on Land Securities Group from GBX 627 to GBX 604 and set a “neutral” rating on the stock in a report on Thursday, April 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 730 target price on shares of Land Securities Group in a research report on Friday, May 15th. Finally, Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 462 target price on shares of Land Securities Group in a report on Friday, May 15th. Six investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Land Securities Group presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 641.33.

Land Securities Group Price Performance

The company has a current ratio of 1.04, a quick ratio of 0.54 and a debt-to-equity ratio of 68.76. The firm’s 50-day moving average price is GBX 604.27 and its two-hundred day moving average price is GBX 613.24. The stock has a market cap of £4.96 billion, a PE ratio of 14.51, a PEG ratio of 12.39 and a beta of 1.15.

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

Insider Activity

In other news, insider Mark Allan sold 42,500 shares of the business’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 quarter, insiders acquired 99 shares of company stock valued at $59,838. Company insiders own 0.53% of the company’s stock.

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.