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

Land Securities Group Plc (LON:LAND)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 611.29 and traded as high as GBX 635. Land Securities Group shares last traded at GBX 617.50, with a volume of 411,765,594 shares trading hands.

Analyst Upgrades and Downgrades

LAND has been the subject of several recent analyst reports. Peel Hunt reduced their target price on Land Securities Group from GBX 760 to GBX 750 and set a “buy” rating for the company in a report on Tuesday, December 9th. Shore Capital Group restated a “hold” rating on shares of Land Securities Group in a research note on Friday, November 14th. Deutsche Bank Aktiengesellschaft decreased their target price on Land Securities Group from GBX 760 to GBX 730 and set a “buy” rating for the company in a research report on Friday, November 14th. UBS Group reissued a “buy” rating and issued a GBX 725 price target on shares of Land Securities Group in a report on Friday, November 7th. Finally, Panmure Gordon upgraded shares of Land Securities Group to a “buy” rating and increased their price target for the company from GBX 424 to GBX 494 in a research report on Tuesday, December 2nd. Five research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 644.43.

Land Securities Group Stock Performance

The stock has a market capitalization of £4.56 billion, a P/E ratio of 18.39, a price-to-earnings-growth ratio of 12.39 and a beta of 1.14. The company has a 50 day simple moving average of GBX 643.43 and a 200-day simple moving average of GBX 611.29. The company has a debt-to-equity ratio of 72.33, a current ratio of 0.78 and a quick ratio of 0.54.

Insider Transactions at Land Securities Group

In other news, insider Anne Richards acquired 16,497 shares of the stock in a transaction that occurred on Thursday, December 18th. The shares were acquired at an average cost of GBX 603 per share, for a total transaction of £99,476.91. In the last quarter, insiders bought 16,638 shares of company stock valued at $10,037,175. 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.