Liberum Capital Upgrades Land Securities Group (LAND) to Buy
Land Securities Group (LON:LAND) was upgraded by equities researchers at Liberum Capital to a “buy” rating in a research note issued to investors on Monday. The firm presently has a GBX 1,125 ($15.26) price objective on the stock, up from their prior price objective of GBX 1,050 ($14.24). Liberum Capital’s price target indicates a potential upside of 13.74% from the company’s current price.
A number of other brokerages also recently commented on LAND. Credit Suisse Group downgraded Land Securities Group to a “neutral” rating and lowered their price objective for the stock from GBX 1,140.74 ($15.47) to GBX 1,035 ($14.04) in a research report on Wednesday, December 6th. Jefferies Group restated a “hold” rating and set a GBX 875 ($11.87) target price on shares of Land Securities Group in a research note on Wednesday, November 15th. Beaufort Securities restated a “long term buy” rating and set a GBX 1,150 ($15.60) target price on shares of Land Securities Group in a research note on Friday, October 20th. Peel Hunt restated an “add” rating and set a GBX 1,150 ($15.60) target price on shares of Land Securities Group in a research note on Tuesday, November 14th. Finally, Deutsche Bank boosted their target price on Land Securities Group from GBX 1,000 ($13.56) to GBX 1,050 ($14.24) and gave the stock a “hold” rating in a research note on Monday, September 11th. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of GBX 1,093.15 ($14.82).
Land Securities Group (LON LAND) opened at GBX 989.10 ($13.41) on Monday. Land Securities Group has a 52-week low of GBX 912 ($12.37) and a 52-week high of GBX 1,141 ($15.47). The company has a market capitalization of $7,390.00 and a PE ratio of 4,121.25.
In other Land Securities Group news, insider Robert Noel acquired 18,365 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The shares were purchased at an average price of GBX 933 ($12.65) per share, with a total value of £171,345.45 ($232,364.32). Also, insider Martin F. Greenslade acquired 8,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The shares were acquired at an average cost of GBX 924 ($12.53) per share, for a total transaction of £73,920 ($100,244.10).
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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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