Land Securities Group (LAND) Lowered to Neutral at Credit Suisse Group
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).
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.
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