Brokerages Set Land Securities Group Plc (LON:LAND) Target Price at GBX 644.43

Shares of Land Securities Group Plc (LON:LAND) have received a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is GBX 644.43.

LAND has been the topic of several analyst reports. JPMorgan Chase & Co. increased their price target on Land Securities Group from GBX 425 to GBX 440 and gave the stock a “neutral” rating in a research report on Thursday, November 27th. Peel Hunt decreased their price objective 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. Berenberg Bank decreased their price objective on Land Securities Group from GBX 917 to GBX 897 and set a “buy” rating for the company in a report on Monday, January 26th. Panmure Gordon upgraded Land Securities Group to a “buy” rating and upped their target price for the stock from GBX 424 to GBX 494 in a research note on Tuesday, December 2nd. Finally, Jefferies Financial Group reaffirmed an “underperform” rating and set a GBX 475 target price on shares of Land Securities Group in a report on Monday, November 17th.

Insider Buying and Selling

In related news, insider Anne Richards acquired 16,497 shares of the stock in a transaction on Thursday, December 18th. The shares were acquired at an average price of GBX 603 per share, for a total transaction of £99,476.91. In the last 90 days, insiders purchased 16,615 shares of company stock valued at $10,022,890. Corporate insiders own 0.53% of the company’s stock.

Land Securities Group Trading Down 0.8%

Shares of Land Securities Group stock opened at GBX 587 on Thursday. The company has a debt-to-equity ratio of 72.33, a current ratio of 0.78 and a quick ratio of 0.54. The firm has a fifty day moving average price of GBX 640.89 and a 200 day moving average price of GBX 612.54. 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 £4.37 billion, a PE ratio of 17.63, a price-to-earnings-growth ratio of 12.39 and a beta of 1.12.

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.