Land Securities Group (LON:LAND) Hits New 12-Month High – Still a Buy?

Land Securities Group Plc (LON:LAND)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as GBX 653 and last traded at GBX 652, with a volume of 68523539 shares. The stock had previously closed at GBX 650.

Analyst Ratings Changes

A number of research firms recently issued reports on LAND. UBS Group reaffirmed a “buy” rating and issued a GBX 725 target price on shares of Land Securities Group in a research report on Friday, November 7th. Deutsche Bank Aktiengesellschaft cut their price objective on Land Securities Group from GBX 760 to GBX 730 and set a “buy” rating for the company in a report on Friday, November 14th. Jefferies Financial Group restated an “underperform” rating and set a GBX 475 price objective on shares of Land Securities Group in a research note on Monday, November 17th. Shore Capital reiterated a “hold” rating on shares of Land Securities Group in a research note on Friday, November 14th. Finally, JPMorgan Chase & Co. raised their target price on shares of Land Securities Group from GBX 425 to GBX 440 and gave the stock a “neutral” rating in a research note on Thursday, November 27th. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Land Securities Group has an average rating of “Hold” and a consensus price target of GBX 602.33.

Land Securities Group Trading Up 0.3%

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 capitalization of £4.86 billion, a P/E ratio of 19.58, a P/E/G ratio of 12.39 and a beta of 1.44. The business has a 50-day moving average price of GBX 613.08 and a two-hundred day moving average price of GBX 595.51.

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

Insider Activity

In other Land Securities Group news, insider Baroness Casey acquired 500 shares of Land Securities Group stock in a transaction that occurred on Monday, November 17th. The shares were acquired at an average cost of GBX 615 per share, with a total value of £3,075. Also, insider Anne Richards purchased 16,497 shares of Land Securities Group stock in a transaction dated Thursday, December 18th. The stock was bought at an average price of GBX 603 per share, for a total transaction of £99,476.91. Insiders purchased 17,142 shares of company stock worth $10,344,848 over the last ninety days. 0.53% of the stock is currently owned by insiders.

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.