Jefferies Group Reaffirms “Hold” Rating for Land Securities Group (LAND)
Jefferies Group reiterated their hold rating on shares of Land Securities Group (LON:LAND) in a research report released on Thursday. Jefferies Group currently has a GBX 860 ($11.66) price target on the stock.
A number of other research firms have also weighed in on LAND. Peel Hunt reaffirmed a hold rating and set a GBX 950 ($12.88) price objective on shares of Land Securities Group in a research report on Wednesday, January 17th. Beaufort Securities reissued a long term buy rating and issued a GBX 1,150 ($15.60) target price on shares of Land Securities Group in a report on Friday, October 20th. Liberum Capital raised Land Securities Group to a buy rating and lifted their target price for the stock from GBX 1,050 ($14.24) to GBX 1,125 ($15.26) in a report on Monday, January 8th. JPMorgan Chase & Co. raised Land Securities Group to an overweight rating and set a GBX 1,200 ($16.27) target price for the company in a report on Monday, January 15th. Finally, Goldman Sachs Group reissued a neutral rating and issued a GBX 1,114 ($15.11) target price on shares of Land Securities Group in a report on Wednesday, September 27th. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. Land Securities Group currently has a consensus rating of Hold and an average price target of GBX 1,059.67 ($14.37).
Land Securities Group (LON LAND) traded up GBX 1.27 ($0.02) during mid-day trading on Thursday, reaching GBX 991.47 ($13.45). The company had a trading volume of 907,916 shares, compared to its average volume of 2,490,000. Land Securities Group has a one year low of GBX 912 ($12.37) and a one year high of GBX 1,141 ($15.47). The company has a market cap of $7,350.00 and a price-to-earnings ratio of 4,131.12.
The business also recently announced a dividend, which was paid on Friday, January 5th. Investors of record on Thursday, November 30th were given a dividend of GBX 9.85 ($0.13) per share. The ex-dividend date was Thursday, November 30th. This represents a yield of 1.07%.
In related news, insider Robert Noel bought 18,365 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were bought at an average cost of GBX 933 ($12.65) per share, for a total transaction of £171,345.45 ($232,364.32). Also, insider Martin F. Greenslade bought 8,000 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were bought at an average price of GBX 924 ($12.53) per share, for a total transaction of £73,920 ($100,244.10).
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.
Receive News & Ratings for Land Securities Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Land Securities Group and related companies with MarketBeat.com's FREE daily email newsletter.