Land Securities Group (LON:LAND) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Land Securities Group Plc (LON:LAND) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 595.35 and traded as high as GBX 631.29. Land Securities Group shares last traded at GBX 621.46, with a volume of 2,364,698 shares.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on LAND shares. Shore Capital reissued a “hold” rating on shares of Land Securities Group in a report on Friday, November 14th. Peel Hunt cut their price target on shares of Land Securities Group from GBX 760 to GBX 750 and set a “buy” rating for the company in a report on Tuesday, December 9th. UBS Group reaffirmed a “buy” rating and issued a GBX 725 price target on shares of Land Securities Group in a report on Friday, November 7th. JPMorgan Chase & Co. increased their price objective on Land Securities Group from GBX 425 to GBX 440 and gave the stock a “neutral” rating in a research report on Thursday, November 27th. Finally, Jefferies Financial Group reissued an “underperform” rating and set a GBX 475 price objective on shares of Land Securities Group in a research note on Monday, November 17th. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Land Securities Group currently has a consensus rating of “Hold” and an average price target of GBX 602.33.

Land Securities Group Stock Up 0.2%

The stock’s fifty day moving average price is GBX 612.86 and its 200 day moving average price is GBX 595.35. The company has a current ratio of 0.42, a quick ratio of 0.54 and a debt-to-equity ratio of 59.04. The stock has a market cap of £4.69 billion, a P/E ratio of 18.89, a price-to-earnings-growth ratio of 12.39 and a beta of 1.44.

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

Insider Transactions at Land Securities Group

In other news, insider Anne Richards acquired 16,497 shares of Land Securities Group stock in a transaction dated Thursday, December 18th. The shares were purchased at an average cost of GBX 603 per share, for a total transaction of £99,476.91. Also, insider Baroness Casey acquired 500 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were purchased at an average cost of GBX 615 per share, for a total transaction of £3,075. Insiders bought a total of 17,142 shares of company stock valued at $10,344,848 over the last quarter. 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.