Land Securities Group (LON:LAND) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Land Securities Group Plc (LON:LAND)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 604.69 and traded as high as GBX 654. Land Securities Group shares last traded at GBX 644, with a volume of 3,392,760 shares changing hands.

Wall Street Analyst Weigh In

LAND has been the topic of several research analyst reports. Shore Capital Group reaffirmed a “hold” rating on shares of Land Securities Group in a research note on Friday, November 14th. UBS Group reiterated a “buy” rating and set a GBX 725 price objective on shares of Land Securities Group in a report on Friday, November 7th. JPMorgan Chase & Co. boosted their price objective on Land Securities Group from GBX 425 to GBX 440 and gave the company a “neutral” rating in a research report on Thursday, November 27th. Jefferies Financial Group restated an “underperform” rating and set a GBX 475 target price on shares of Land Securities Group in a report on Monday, November 17th. Finally, Berenberg Bank reduced their price target on shares of Land Securities Group from GBX 917 to GBX 897 and set a “buy” rating for the company in a report on Monday, January 26th. Five equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Land Securities Group currently has an average rating of “Moderate Buy” and an average target price of GBX 644.43.

Land Securities Group Price Performance

The firm has a market cap of £4.80 billion, a P/E ratio of 19.34, a PEG ratio of 12.39 and a beta of 1.44. The company has a quick ratio of 0.54, a current ratio of 0.42 and a debt-to-equity ratio of 59.04. The business has a fifty day moving average of GBX 629.55 and a 200 day moving average of GBX 604.69.

Land Securities Group (LON:LAND) last released its quarterly earnings results 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%. On average, sell-side analysts anticipate that Land Securities Group Plc will post 49.8433829 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Baroness Casey purchased 500 shares of the stock in a transaction on Monday, November 17th. The stock was purchased at an average price of GBX 615 per share, for a total transaction of £3,075. Also, insider Anne Richards acquired 16,497 shares of Land Securities Group stock in a transaction dated Thursday, December 18th. The stock was purchased at an average cost of GBX 603 per share, for a total transaction of £99,476.91. Insiders have acquired a total of 17,138 shares of company stock valued at $10,344,675 in the last three months. 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.