JPMorgan Chase & Co. Reiterates “Overweight” Rating for Land Securities Group plc (LAND)
Land Securities Group plc (LON:LAND)‘s stock had its “overweight” rating reiterated by equities research analysts at JPMorgan Chase & Co. in a research note issued to investors on Wednesday. They presently have a GBX 1,325 ($16.55) price objective on the stock. JPMorgan Chase & Co.’s target price indicates a potential upside of 31.71% from the company’s previous close.
Several other brokerages have also recently issued reports on LAND. Numis Securities Ltd cut shares of Land Securities Group plc to a “hold” rating and lowered their price objective for the stock from GBX 1,310 ($16.37) to GBX 1,128 ($14.09) in a research note on Tuesday, August 16th. BNP Paribas reaffirmed an “underperform” rating and issued 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 issued a GBX 925 ($11.56) price objective on shares of Land Securities Group plc in a research note on Thursday, July 21st. Peel Hunt cut shares of Land Securities Group plc to an “add” rating in a research note on Monday, July 25th. Finally, Morgan Stanley lifted their price objective on shares of Land Securities Group plc from GBX 960 ($11.99) to GBX 1,080 ($13.49) and gave the stock 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 issued a hold rating and eight have assigned a buy rating to the stock. Land Securities Group plc currently has a consensus rating of “Hold” and an average price target of GBX 1,156.33 ($14.45).
Land Securities Group plc (LON:LAND) opened at 1002.00 on Wednesday. The company’s 50-day moving average is GBX 1,003.00 and its 200 day moving average is GBX 1,071.29. The firm’s market cap is GBX 7.91 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 company also recently declared 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. 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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