Peel Hunt Reiterates “Add” Rating for Land Securities Group plc (LAND)
Land Securities Group plc (LON:LAND)‘s stock had its “add” rating reiterated by Peel Hunt in a report issued on Tuesday. They currently have a GBX 1,170 ($14.62) price target on the stock. Peel Hunt’s target price indicates a potential upside of 18.54% from the stock’s current price.
Other equities research analysts also recently issued research reports about the company. Numis Securities Ltd downgraded Land Securities Group plc to a “hold” rating and lowered their price target for the stock from GBX 1,310 ($16.37) to GBX 1,128 ($14.09) in a report on Tuesday, August 16th. JPMorgan Chase & Co. lowered their price target on 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 report on Tuesday, September 6th. HSBC raised their price target on Land Securities Group plc from GBX 1,078 ($13.47) to GBX 1,210 ($15.12) and gave the stock a “buy” rating in a report on Friday, September 30th. BNP Paribas reissued an “underperform” rating and issued a GBX 890 ($11.12) price target on shares of Land Securities Group plc in a report on Monday, August 1st. Finally, Goldman Sachs Group Inc. lowered their price target on Land Securities Group plc from GBX 1,200 ($14.99) to GBX 1,175 ($14.68) and set a “neutral” rating for the company in a report on Wednesday, November 2nd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the stock. Land Securities Group plc currently has an average rating of “Hold” and an average price target of GBX 1,156.33 ($14.45).
Land Securities Group plc (LON:LAND) opened at 1003.00 on Tuesday. The company’s market capitalization is GBX 7.92 billion. 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. Land Securities Group plc has a 52 week low of GBX 810.00 and a 52 week high of GBX 1,258.00.
The company also recently declared a dividend, which will be paid on Friday, January 6th. Stockholders of record on Thursday, December 1st will be paid a GBX 8.95 ($0.11) dividend. This represents a dividend yield of 0.89%. The ex-dividend date of this dividend is Thursday, December 1st.
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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