Land Securities Group (LON:LAND) Given New GBX 604 Price Target at Citigroup

Land Securities Group (LON:LAND) had its price target dropped by analysts at Citigroup from GBX 627 to GBX 604 in a research report issued on Thursday,London Stock Exchange reports. The brokerage currently has a “neutral” rating on the stock. Citigroup’s target price points to a potential upside of 6.34% from the stock’s current price.

A number of other research analysts have also weighed in on the company. The Goldman Sachs Group raised Land Securities Group to a “buy” rating and reduced their price objective for the company from GBX 710 to GBX 690 in a research report on Monday. Berenberg Bank dropped their target price on Land Securities Group from GBX 917 to GBX 897 and set a “buy” rating on the stock in a report on Monday, January 26th. Finally, Peel Hunt cut their target price on Land Securities Group from GBX 760 to GBX 750 and set a “buy” rating on the stock in a research note on Tuesday, December 9th. Six analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 645.

Land Securities Group Stock Down 0.1%

Shares of LON LAND traded down GBX 0.50 on Thursday, reaching GBX 568. 480,840,625 shares of the company’s stock traded hands, compared to its average volume of 18,224,670. The business’s 50 day simple moving average is GBX 621 and its two-hundred day simple moving average is GBX 613.77. Land Securities Group has a 12 month low of GBX 490.20 and a 12 month high of GBX 678.50. The company has a market cap of £4.23 billion, a price-to-earnings ratio of 17.06, a price-to-earnings-growth ratio of 12.39 and a beta of 1.12. The company has a quick ratio of 0.54, a current ratio of 0.78 and a debt-to-equity ratio of 72.33.

Land Securities Group Company Profile

At Landsec, we build and invest in buildings, spaces and partnerships to create sustainable places, connect communities and realise potential. We are one of the largest real estate companies in Europe, with a £12 billion portfolio of retail, leisure, workspace and residential hubs. Landsec is shaping a better future by leading our industry on environmental and social sustainability while delivering value for our shareholders, great experiences for our guests and positive change for our communities.