Berenberg Bank Lowers Land Securities Group (LON:LAND) Price Target to GBX 897

Land Securities Group (LON:LAND) had its target price decreased by research analysts at Berenberg Bank from GBX 917 to GBX 897 in a research report issued to clients and investors on Monday, Marketbeat.com reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s target price points to a potential upside of 38.43% from the company’s current price.

A number of other research analysts have also commented on LAND. Panmure Gordon upgraded shares of Land Securities Group to a “buy” rating and upped their price target for the company from GBX 424 to GBX 494 in a research note on Tuesday, December 2nd. Peel Hunt decreased their target price on Land Securities Group from GBX 760 to GBX 750 and set a “buy” rating on the stock in a research report on Tuesday, December 9th. JPMorgan Chase & Co. increased their target price on Land Securities Group from GBX 425 to GBX 440 and gave the stock a “neutral” rating in a research note on Thursday, November 27th. UBS Group restated a “buy” rating and issued a GBX 725 price target on shares of Land Securities Group in a research note on Friday, November 7th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Land Securities Group from GBX 760 to GBX 730 and set a “buy” rating on the stock in a report on Friday, November 14th. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 644.43.

Land Securities Group Stock Performance

Shares of LON LAND opened at GBX 648 on Monday. Land Securities Group has a 12 month low of GBX 490.20 and a 12 month high of GBX 658.07. The stock has a 50 day moving average of GBX 615.28 and a 200-day moving average of GBX 598.07. 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 company has a market capitalization of £4.83 billion, a P/E ratio of 19.46, a P/E/G ratio of 12.39 and a beta of 1.44.

Land Securities Group (LON:LAND) last released its quarterly earnings data on Friday, November 14th. The company reported GBX 25.80 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, equities research analysts predict that Land Securities Group will post 49.8433829 EPS for the current year.

Insiders Place Their Bets

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