Land Securities Group (LON:LAND) Shares Pass Above 200-Day Moving Average of $606.18

Land Securities Group Plc (LON:LAND)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 606.18 ($7.48) and traded as high as GBX 610.40 ($7.53). Land Securities Group shares last traded at GBX 604.60 ($7.46), with a volume of 1,105,608 shares.

Analysts Set New Price Targets

A number of research firms have recently weighed in on LAND. Morgan Stanley lowered shares of Land Securities Group to an “equal weight” rating and cut their price objective for the stock from GBX 750 ($9.26) to GBX 650 ($8.02) in a research note on Monday, September 4th. Jefferies Financial Group lowered shares of Land Securities Group to an “underperform” rating and set a GBX 465 ($5.74) price objective on the stock. in a research note on Wednesday, September 27th. Finally, Shore Capital upgraded shares of Land Securities Group to a “hold” rating in a research note on Friday, September 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Land Securities Group presently has a consensus rating of “Hold” and an average target price of GBX 649 ($8.01).

Land Securities Group Trading Down 0.1 %

The company has a market cap of £4.50 billion, a price-to-earnings ratio of -719.76, a price-to-earnings-growth ratio of 12.39 and a beta of 1.43. The company has a quick ratio of 0.54, a current ratio of 0.82 and a debt-to-equity ratio of 50.03. The company’s 50-day moving average is GBX 586.51 and its 200 day moving average is GBX 606.18.

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.