Land Securities Group (LON:LAND) Stock Rating Reaffirmed by Peel Hunt

Land Securities Group (LON:LAND)‘s stock had its “hold” rating reaffirmed by analysts at Peel Hunt in a research note issued to investors on Tuesday, ThisIsMoney.Co.Uk reports.

Other research analysts have also issued research reports about the company. Goldman Sachs Group increased their price target on Land Securities Group from GBX 769 ($10.05) to GBX 807 ($10.54) and gave the stock a “neutral” rating in a report on Tuesday, June 4th. Liberum Capital lowered Land Securities Group to a “hold” rating and dropped their target price for the company from GBX 1,000 ($13.07) to GBX 950 ($12.41) in a report on Monday, May 20th. JPMorgan Chase & Co. dropped their target price on Land Securities Group from GBX 1,050 ($13.72) to GBX 1,000 ($13.07) and set an “overweight” rating on the stock in a report on Friday, May 17th. Numis Securities dropped their target price on Land Securities Group from GBX 1,000 ($13.07) to GBX 894 ($11.68) and set a “hold” rating on the stock in a report on Tuesday, May 14th. Finally, Barclays dropped their target price on Land Securities Group from GBX 790 ($10.32) to GBX 755 ($9.87) and set an “underweight” rating on the stock in a report on Friday, May 10th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. Land Securities Group presently has an average rating of “Hold” and an average target price of GBX 941.73 ($12.31).

Shares of LON:LAND opened at GBX 822 ($10.74) on Tuesday. The business has a 50 day moving average price of GBX 852.12. The company has a market capitalization of $6.10 billion and a price-to-earnings ratio of -51.06. The company has a current ratio of 0.42, a quick ratio of 0.35 and a debt-to-equity ratio of 38.12. Land Securities Group has a 52-week low of GBX 784.20 ($10.25) and a 52-week high of GBX 965.40 ($12.61).

In other Land Securities Group news, insider Madeleine Cosgrave purchased 4,700 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The shares were acquired at an average cost of GBX 841 ($10.99) per share, for a total transaction of £39,527 ($51,649.03). Also, insider Nicholas Cadbury purchased 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The shares were acquired at an average price of GBX 888 ($11.60) per share, for a total transaction of £26,640 ($34,809.88).

About Land Securities Group

At Landsec, we believe great places are for people to experience and are made with the experience of great people. Across 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. In London, our portfolio totals more than £7.8 billion, and consists of 6.4 million sq ft of real estate.

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Analyst Recommendations for Land Securities Group (LON:LAND)

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