JPMorgan Chase & Co. Reiterates Neutral Rating for Land Securities Group (LON:LAND)

Land Securities Group (LON:LAND)‘s stock had its “neutral” rating reaffirmed by equities research analysts at JPMorgan Chase & Co. in a note issued to investors on Monday, MarketBeat.com reports.

A number of other equities analysts have also issued reports on LAND. Shore Capital restated a “hold” rating on shares of Land Securities Group in a research report on Friday, November 14th. Peel Hunt reiterated a “buy” rating and set a GBX 760 price target on shares of Land Securities Group in a research note on Tuesday, September 30th. Jefferies Financial Group reissued an “underperform” rating and set a GBX 475 price objective on shares of Land Securities Group in a research report on Monday. Finally, UBS Group reaffirmed a “buy” rating and issued a GBX 725 target price on shares of Land Securities Group in a report on Friday, November 7th. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of GBX 691.

Land Securities Group Stock Down 1.2%

LAND opened at GBX 599.50 on Monday. Land Securities Group has a one year low of GBX 490.20 and a one year high of GBX 652.50. The company has a debt-to-equity ratio of 59.04, a quick ratio of 0.54 and a current ratio of 0.42. The stock has a market capitalization of £4.47 billion, a P/E ratio of 11.31, a price-to-earnings-growth ratio of 12.39 and a beta of 1.44. The business’s 50-day simple moving average is GBX 603.47 and its 200-day simple moving average is GBX 597.31.

Land Securities Group (LON:LAND) last announced its earnings results on Friday, November 14th. The company reported GBX 25.80 earnings per share (EPS) for the quarter. Land Securities Group had a negative return on equity of 4.88% and a negative net margin of 38.71%. Analysts anticipate that Land Securities Group will post 49.8433829 EPS for the current year.

Insiders Place Their Bets

In other news, insider Baroness Casey acquired 500 shares of the company’s stock in a transaction on Monday, November 17th. The shares were bought at an average cost of GBX 615 per share, with a total value of £3,075. In the last 90 days, insiders have acquired 655 shares of company stock valued at $397,676. Company insiders own 0.53% of the company’s stock.

Land Securities Group Company Profile

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.