Credit Suisse Group downgraded shares of Land Securities Group (LON:LAND) to a neutral rating in a report issued on Wednesday. Credit Suisse Group currently has GBX 1,035 ($13.93) price target on the stock, down from their previous price target of GBX 1,140.74 ($15.35).

Other research analysts also recently issued research reports about the stock. Peel Hunt reissued an add rating and set a GBX 1,150 ($15.48) target price on shares of Land Securities Group in a research report on Tuesday, November 14th. Jefferies Group reissued a hold rating and set a GBX 875 ($11.78) target price on shares of Land Securities Group in a research report on Wednesday, November 15th. Liberum Capital reissued a hold rating and set a GBX 1,050 ($14.13) target price on shares of Land Securities Group in a research report on Monday, September 18th. Numis Securities reissued a hold rating and set a GBX 1,077 ($14.50) target price on shares of Land Securities Group in a research report on Monday, September 18th. Finally, Deutsche Bank raised their target price on shares of Land Securities Group from GBX 1,000 ($13.46) to GBX 1,050 ($14.13) and gave the company a hold rating in a research report on Monday, September 11th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of GBX 1,087.38 ($14.64).

Land Securities Group (LAND) traded down GBX 4.35 ($0.06) during mid-day trading on Wednesday, reaching GBX 937.50 ($12.62). 4,015,443 shares of the company traded hands, compared to its average volume of 2,870,000. Land Securities Group has a 52 week low of GBX 912 ($12.27) and a 52 week high of GBX 1,141 ($15.36).

Land Securities Group (LON:LAND) last posted its quarterly earnings results on Tuesday, November 14th. The company reported GBX 25.70 ($0.35) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 26.60 ($0.36) by GBX (0.90) (($0.01)). The company had revenue of £366 million during the quarter. Land Securities Group had a return on equity of 3.63% and a net margin of 50.86%.

The company also recently declared a dividend, which will be paid on Friday, January 5th. Stockholders of record on Thursday, November 30th will be issued a GBX 9.85 ($0.13) dividend. This represents a dividend yield of 1.07%. The ex-dividend date of this dividend is Thursday, November 30th.

In related news, insider Robert Noel bought 18,365 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was bought at an average cost of GBX 933 ($12.56) per share, for a total transaction of £171,345.45 ($230,612.99). Also, insider Alison J. Carnwath bought 10,050 shares of the stock in a transaction that occurred on Monday, September 18th. The stock was bought at an average price of GBX 978 ($13.16) per share, with a total value of £98,289 ($132,286.68). Insiders bought a total of 36,415 shares of company stock worth $34,355,445 over the last 90 days.

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About Land Securities Group

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 the 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.

Analyst Recommendations for Land Securities Group (LON:LAND)

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