Land Securities Group (LON:LAND) Shares Cross Above 200 Day Moving Average – Here’s What Happened

Land Securities Group Plc (LON:LAND) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 608.49 and traded as high as GBX 673. Land Securities Group shares last traded at GBX 664.50, with a volume of 8,497,635 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Peel Hunt lowered their price objective 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. UBS Group restated a “buy” rating and set a GBX 725 price target on shares of Land Securities Group in a report on Friday, November 7th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Land Securities Group from GBX 760 to GBX 730 and set a “buy” rating for the company in a research note on Friday, November 14th. Jefferies Financial Group reiterated an “underperform” rating and set a GBX 475 price objective on shares of Land Securities Group in a research report on Monday, November 17th. 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 report on Thursday, November 27th. Five investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 644.43.

Land Securities Group Stock Up 0.7%

The company has a market cap of £4.98 billion, a P/E ratio of 20.09, a price-to-earnings-growth ratio of 12.39 and a beta of 1.44. The company has a debt-to-equity ratio of 59.04, a quick ratio of 0.54 and a current ratio of 0.42. The business’s fifty day moving average is GBX 637.97 and its two-hundred day moving average is GBX 608.49.

Insider Buying and Selling at Land Securities Group

In other news, insider Anne Richards purchased 16,497 shares of the stock in a transaction that occurred on Thursday, December 18th. The stock was purchased at an average price of GBX 603 per share, for a total transaction of £99,476.91. Insiders have purchased a total of 16,638 shares of company stock worth $10,037,175 over the last ninety days. 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.