Land Securities Group (LON:LAND) Upgraded to “Buy” at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Land Securities Group (LON:LAND) to a buy rating in a report issued on Monday,London Stock Exchange reports. They currently have GBX 690 price objective on the stock, down from their previous price objective of GBX 710.

A number of other equities research analysts have also weighed in on the stock. Berenberg Bank cut their target price on shares of Land Securities Group from GBX 917 to GBX 897 and set a “buy” rating on the stock in a research note on Monday, January 26th. Panmure Gordon raised shares of Land Securities Group to a “buy” rating and increased their price target for the stock from GBX 424 to GBX 494 in a research note on Tuesday, December 2nd. Finally, Peel Hunt lowered their price objective on shares of Land Securities Group from GBX 760 to GBX 750 and set a “buy” rating for the company in a report on Tuesday, December 9th. Six analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Land Securities Group has a consensus rating of “Moderate Buy” and an average target price of GBX 650.13.

Land Securities Group Stock Up 3.2%

Shares of Land Securities Group stock opened at GBX 548.89 on Monday. The company has a current ratio of 0.78, a quick ratio of 0.54 and a debt-to-equity ratio of 72.33. Land Securities Group has a 12-month low of GBX 490.20 and a 12-month high of GBX 678.50. The company has a market cap of £4.09 billion, a P/E ratio of 16.48, a PEG ratio of 12.39 and a beta of 1.12. The company’s fifty day simple moving average is GBX 624.13 and its two-hundred day simple moving average is GBX 614.03.

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.