Jefferies Financial Group Reiterates “Underperform” Rating for Land Securities Group (LON:LAND)

Land Securities Group (LON:LAND)‘s stock had its “underperform” rating reaffirmed by analysts at Jefferies Financial Group in a report released on Monday, Marketbeat Ratings reports. They currently have a GBX 475 price objective on the stock. Jefferies Financial Group’s price objective suggests a potential downside of 20.77% from the stock’s previous close.

A number of other analysts have also issued reports on LAND. Shore Capital reaffirmed a “hold” rating on shares of Land Securities Group in a research note on Friday, November 14th. Peel Hunt reaffirmed a “buy” rating and set a GBX 760 target price on shares of Land Securities Group in a research note on Tuesday, September 30th. Finally, UBS Group reaffirmed a “buy” rating and set a GBX 725 target price on shares of Land Securities Group in a report on Friday, November 7th. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of GBX 691.

Land Securities Group Stock Down 1.2%

LAND opened at GBX 599.50 on Monday. The company has a market cap of £4.47 billion, a PE ratio of 11.31, a price-to-earnings-growth ratio of 12.39 and a beta of 1.44. Land Securities Group has a twelve month low of GBX 490.20 and a twelve month high of GBX 652.50. The company has a 50-day moving average price of GBX 603.47 and a 200 day moving average price of GBX 597.31. The company has a quick ratio of 0.54, a current ratio of 0.42 and a debt-to-equity ratio of 59.04.

Land Securities Group (LON:LAND) last posted its quarterly earnings data on Friday, November 14th. The company reported GBX 25.80 EPS for the quarter. Land Securities Group had a negative return on equity of 4.88% and a negative net margin of 38.71%. Sell-side analysts expect that Land Securities Group will post 49.8433829 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Baroness Casey bought 500 shares of the company’s stock in a transaction on Monday, November 17th. The stock was bought at an average cost of GBX 615 per share, for a total transaction of £3,075. Insiders acquired a total of 655 shares of company stock worth $397,676 over the last quarter. Insiders own 0.53% of the company’s stock.

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.