Land Securities Group plc’s (LAND) Hold Rating Reaffirmed at Jefferies Group
Jefferies Group reiterated their hold rating on shares of Land Securities Group plc (LON:LAND) in a research report released on Wednesday morning. They currently have a GBX 950 ($11.87) price objective on the stock.
A number of other analysts have also recently issued reports on the company. Deutsche Bank AG cut Land Securities Group plc to a hold rating and lowered their price objective for the company from GBX 1,370 ($17.12) to GBX 1,000 ($12.49) in a research report on Tuesday, September 13th. Liberum Capital restated a sell rating and set a GBX 925 ($11.56) price objective on shares of Land Securities Group plc in a research report on Thursday, July 21st. Numis Securities Ltd restated a hold rating and set a GBX 1,128 ($14.09) price objective on shares of Land Securities Group plc in a research report on Tuesday. JPMorgan Chase & Co. restated an overweight rating and set a GBX 1,325 ($16.55) price objective on shares of Land Securities Group plc in a research report on Wednesday. Finally, HSBC boosted their price objective on Land Securities Group plc from GBX 1,078 ($13.47) to GBX 1,210 ($15.12) and gave the company a buy rating in a research report on Friday, September 30th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of GBX 1,156.33 ($14.45).
Shares of Land Securities Group plc (LON:LAND) traded up 1.93% during midday trading on Wednesday, hitting GBX 1006.00. 2,512,241 shares of the company were exchanged. The company’s 50 day moving average price is GBX 1,004.27 and its 200 day moving average price is GBX 1,071.75. The firm’s market cap is GBX 7954.71 billion. Land Securities Group plc has a one year low of GBX 810.00 and a one year 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 of this dividend is Thursday, December 1st. This represents a dividend yield of 0.89%.
Land Securities Group plc Company Profile
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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