Land Securities Group’s (LAND) Outperform Rating Reiterated at Royal Bank of Canada

Land Securities Group (LON:LAND – Get Rating)‘s stock had its “outperform” rating reaffirmed by investment analysts at Royal Bank of Canada in a note issued to investors on Friday, MarketBeat Ratings reports. They presently have a GBX 950 ($11.71) target price on the stock. Royal Bank of Canada’s price target would indicate a potential upside of 32.05% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. Morgan Stanley reiterated an “overweight” rating on shares of Land Securities Group in a research report on Wednesday. Barclays reiterated an “overweight” rating and issued a GBX 765 ($9.43) price objective on shares of Land Securities Group in a research report on Monday. Finally, JPMorgan Chase & Co. cut Land Securities Group to a “neutral” rating and set a GBX 900 ($11.10) price objective for the company. in a research report on Wednesday, April 13th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of GBX 812.50 ($10.02).

Shares of Land Securities Group stock traded up GBX 13 ($0.16) during trading hours on Friday, hitting GBX 719.40 ($8.87). 277,430 shares of the company were exchanged, compared to its average volume of 2,007,446. Land Securities Group has a 1 year low of GBX 644.20 ($7.94) and a 1 year high of GBX 822.40 ($10.14). The company has a current ratio of 0.45, a quick ratio of 0.38 and a debt-to-equity ratio of 48.27. The business has a 50-day moving average of GBX 756.16 and a 200-day moving average of GBX 758.15. The stock has a market capitalization of £5.33 billion and a price-to-earnings ratio of -18.88.

In other news, insider Manjiry Tamhane purchased 4,473 shares of the company’s stock in a transaction dated Thursday, February 17th. The stock was acquired at an average price of GBX 793 ($9.78) per share, for a total transaction of £35,470.89 ($43,731.83).

Land Securities Group Company Profile (Get Rating)

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 £11 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.

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