Land Securities Group Plc (LON:LAND) Receives GBX 641.33 Consensus Price Target from Analysts

Land Securities Group Plc (LON:LAND) has been assigned an average recommendation of “Moderate Buy” from the ten brokerages that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is GBX 641.33.

LAND has been the subject of a number of recent analyst reports. Berenberg Bank restated a “buy” rating and set a GBX 897 price target on shares of Land Securities Group in a report on Thursday, May 14th. Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 462 price objective on shares of Land Securities Group in a report on Friday, May 15th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 730 price objective on shares of Land Securities Group in a research report on Friday, May 15th. Citigroup cut their target price on Land Securities Group from GBX 627 to GBX 604 and set a “neutral” rating for the company in a research note on Thursday, April 2nd. Finally, The Goldman Sachs Group raised Land Securities Group to a “buy” rating and cut their target price for the stock from GBX 710 to GBX 690 in a research note on Monday, March 30th.

Land Securities Group Price Performance

Land Securities Group stock opened at GBX 700.50 on Wednesday. Land Securities Group has a 12-month low of GBX 522.50 and a 12-month high of GBX 701.50. The stock has a market cap of £5.22 billion, a P/E ratio of 15.26, a PEG ratio of 12.39 and a beta of 1.14. The company has a 50-day moving average price of GBX 636.17 and a 200 day moving average price of GBX 622.55. The company has a current ratio of 1.04, a quick ratio of 0.54 and a debt-to-equity ratio of 68.76.

Land Securities Group (LON:LAND) last issued its earnings results on Thursday, May 14th. The company reported GBX 51.40 EPS for the quarter. The company had revenue of £892 million for the quarter. Land Securities Group had a net margin of 38.45% and a return on equity of 5.29%. Sell-side analysts anticipate that Land Securities Group will post 49.8433829 earnings per share for the current year.

Insider Buying and Selling at Land Securities Group

In other news, insider Mark Allan sold 42,500 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of GBX 597, for a total transaction of £253,725. In the last three months, insiders acquired 145 shares of company stock worth $89,876. Corporate insiders own 0.53% of the company’s stock.

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.