Land Securities Group (LON:LAND) had its target price cut by Barclays from GBX 910 ($11.89) to GBX 790 ($10.32) in a research note released on Wednesday. They currently have an underweight rating on the stock.
A number of other brokerages have also recently weighed in on LAND. Liberum Capital reissued a buy rating on shares of Land Securities Group in a research note on Wednesday, August 1st. UBS Group reissued a buy rating and issued a GBX 1,150 ($15.03) price target (down previously from GBX 1,240 ($16.20)) on shares of Land Securities Group in a research note on Wednesday, September 5th. JPMorgan Chase & Co. dropped their price target on Land Securities Group from GBX 1,200 ($15.68) to GBX 1,120 ($14.63) and set an overweight rating on the stock in a research note on Thursday, September 6th. Finally, Credit Suisse Group dropped their price target on Land Securities Group from GBX 1,035 ($13.52) to GBX 1,025 ($13.39) and set a neutral rating on the stock in a research note on Monday, October 22nd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of GBX 993.08 ($12.98).
Land Securities Group stock traded up GBX 11.40 ($0.15) during midday trading on Wednesday, hitting GBX 866.80 ($11.33). The company’s stock had a trading volume of 1,670,328 shares, compared to its average volume of 2,210,000. Land Securities Group has a 12 month low of GBX 900.20 ($11.76) and a 12 month high of GBX 1,141 ($14.91).
At Landsec, we believe great places are for people to experience and are made with the experience of great people. As the UK's largest listed commercial property company, with 24 million sq ft of real estate and a portfolio valued at £14.1 billion, we own and manage some of the most successful and recognisable assets in the country.
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