Land Securities Group plc’s (LAND) Hold Rating Reaffirmed at Numis Securities Ltd
Numis Securities Ltd reissued their hold rating on shares of Land Securities Group plc (LON:LAND) in a research note released on Tuesday. They currently have a GBX 1,128 ($14.09) target price on the stock.
A number of other research firms have also commented on LAND. BNP Paribas reaffirmed an underperform rating and set a GBX 890 ($11.12) price objective on shares of Land Securities Group plc in a research note on Monday, August 1st. Liberum Capital reaffirmed a sell rating and set a GBX 925 ($11.56) price objective on shares of Land Securities Group plc in a research note on Thursday, July 21st. JPMorgan Chase & Co. reduced their price objective on shares of Land Securities Group plc from GBX 1,450 ($18.12) to GBX 1,325 ($16.55) and set an overweight rating for the company in a research note on Tuesday, September 6th. Peel Hunt lowered shares of Land Securities Group plc to an add rating in a research note on Monday, July 25th. Finally, Morgan Stanley upped their price objective on shares of Land Securities Group plc from GBX 960 ($11.99) to GBX 1,080 ($13.49) and gave the company an equal weight rating in a research note on Wednesday, August 31st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company’s stock. Land Securities Group plc presently has an average rating of Hold and a consensus price target of GBX 1,156.33 ($14.45).
Shares of Land Securities Group plc (LON:LAND) traded down 1.50% on Tuesday, reaching GBX 987.00. 3,455,283 shares of the company’s stock were exchanged. The firm’s 50 day moving average price is GBX 1,004.27 and its 200-day moving average price is GBX 1,071.75. The company’s market capitalization is GBX 7.79 billion. Land Securities Group plc has a 12 month low of GBX 810.00 and a 12 month high of GBX 1,258.00.
The firm also recently disclosed a dividend, which will be paid on Friday, January 6th. Stockholders of record on Thursday, December 1st will be given a GBX 8.95 ($0.11) dividend. The ex-dividend date is Thursday, December 1st. This represents a dividend yield of 0.89%.
About Land Securities Group plc
Land Securities Group PLC is a United Kingdom-based holding company. The Company is a real estate investment trust (REIT). The Company operates through two segments: Retail Portfolio and London Portfolio. The Company’s Retail Portfolio includes all the shopping centers and shops (excluding central London shops), hotels and leisure assets, and retail warehouse properties.
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