Land Securities Group (LON:LAND) Lowered to “Hold” at HSBC

Land Securities Group (LON:LAND) was downgraded by investment analysts at HSBC to a “hold” rating in a research report issued to clients and investors on Thursday, ThisIsMoney.Co.Uk reports. They currently have a GBX 897 ($11.72) price objective on the stock, down from their prior price objective of GBX 947 ($12.37). HSBC’s price target would suggest a potential upside of 0.16% from the stock’s current price.

LAND has been the topic of several other reports. Peel Hunt reaffirmed a “hold” rating on shares of Land Securities Group in a research report on Tuesday. Morgan Stanley dropped their target price on Land Securities Group from GBX 950 ($12.41) to GBX 840 ($10.98) and set an “equal weight” rating on the stock in a research report on Monday, September 2nd. Citigroup reaffirmed a “sell” rating and issued a GBX 739 ($9.66) target price on shares of Land Securities Group in a research report on Thursday, November 7th. Jefferies Financial Group lowered Land Securities Group to an “underperform” rating in a research report on Wednesday. Finally, Goldman Sachs Group increased their target price on Land Securities Group from GBX 761 ($9.94) to GBX 784 ($10.24) and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. Land Securities Group currently has a consensus rating of “Hold” and a consensus target price of GBX 914 ($11.94).

Shares of LON LAND opened at GBX 895.60 ($11.70) on Thursday. Land Securities Group has a 1-year low of GBX 473.27 ($6.18) and a 1-year high of GBX 983.20 ($12.85). The company has a debt-to-equity ratio of 38.12, a current ratio of 0.42 and a quick ratio of 0.35. The business’s fifty day moving average price is GBX 896.56 and its two-hundred day moving average price is GBX 851.35. The firm has a market capitalization of $6.56 billion and a PE ratio of -55.63.

In other news, insider Robert Noel sold 15,616 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of GBX 749 ($9.79), for a total transaction of £116,963.84 ($152,833.97).

Land Securities Group Company Profile

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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