Land Securities Group plc (LAND) Receives GBX 1,059.67 Average Target Price from Brokerages
Shares of Land Securities Group plc (LON:LAND) have been assigned a consensus rating of “Hold” from the twelve ratings firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is GBX 1,059.67 ($14.64).
A number of equities research analysts have commented on LAND shares. Credit Suisse Group cut Land Securities Group to a “neutral” rating and decreased their price target for the company from GBX 1,140.74 ($15.76) to GBX 1,035 ($14.30) in a report on Wednesday, December 6th. Liberum Capital reissued a “hold” rating and set a GBX 1,120 ($15.47) price target on shares of Land Securities Group in a report on Friday, December 15th. Jefferies Group reissued a “hold” rating and set a GBX 875 ($12.09) price target on shares of Land Securities Group in a report on Wednesday, November 15th. Beaufort Securities reissued a “long term buy” rating and set a GBX 1,150 ($15.89) price target on shares of Land Securities Group in a report on Friday, October 20th. Finally, Peel Hunt reissued an “add” rating and set a GBX 1,150 ($15.89) price target on shares of Land Securities Group in a report on Tuesday, November 14th.
In other Land Securities Group news, insider Martin F. Greenslade purchased 8,000 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were acquired at an average cost of GBX 924 ($12.77) per share, with a total value of £73,920 ($102,127.66).
Land Securities Group (LON:LAND) last announced its earnings results on Tuesday, November 14th. The company reported GBX 25.70 ($0.36) EPS for the quarter, missing the Zacks’ consensus estimate of GBX 26.60 ($0.37) by GBX (0.90) (($0.01)). Land Securities Group had a negative return on equity of 0.61% and a negative net margin of 8.59%. The company had revenue of £366 million during the quarter.
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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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