Citigroup Has Lowered Expectations for Land Securities Group (LON:LAND) Stock Price

Land Securities Group (LON:LAND) had its target price decreased by research analysts at Citigroup from GBX 627 to GBX 604 in a research note issued to investors on Thursday,London Stock Exchange reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s target price would suggest a potential upside of 6.34% from the stock’s previous close.

A number of other research analysts also recently weighed in on LAND. The Goldman Sachs Group upgraded shares of Land Securities Group to a “buy” rating and decreased their price objective for the stock from GBX 710 to GBX 690 in a research report on Monday, March 30th. Berenberg Bank dropped their target price on Land Securities Group from GBX 917 to GBX 897 and set a “buy” rating on the stock in a research report on Monday, January 26th. Finally, Peel Hunt cut their price target on Land Securities Group from GBX 760 to GBX 750 and set a “buy” rating for the company in a research note on Tuesday, December 9th. Six research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Land Securities Group currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 645.

Land Securities Group Stock Performance

LAND opened at GBX 568 on Thursday. The firm has a fifty day moving average price of GBX 617.94 and a 200 day moving average price of GBX 613.55. Land Securities Group has a 1 year low of GBX 490.20 and a 1 year high of GBX 678.50. The stock has a market cap of £4.23 billion, a P/E ratio of 17.06, a P/E/G ratio of 12.39 and a beta of 1.12. The company has a debt-to-equity ratio of 72.33, a current ratio of 0.78 and a quick ratio of 0.54.

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.