Lendlease Group (OTCMKTS:LLESY) Trading Down 9.6% – Here’s What Happened

Shares of Lendlease Group (OTCMKTS:LLESY) were down 9.6% on Friday . The stock traded as low as $2.05 and last traded at $2.05. Approximately 1,440 shares were traded during trading, an increase of 28% from the average daily volume of 1,127 shares. The stock had previously closed at $2.2680.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Lendlease Group to a “hold” rating in a research note on Tuesday, April 7th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Lendlease Group Stock Performance

The company has a 50 day simple moving average of $2.37 and a two-hundred day simple moving average of $2.99.

Lendlease Group Company Profile

Lendlease Group is a multinational property and infrastructure company headquartered in Sydney, Australia. The firm specializes in end-to-end capabilities spanning development, construction, project management, investment, and asset and property management. Its offerings cover residential, commercial, retail, logistics, and social infrastructure sectors, with a focus on sustainable and integrated urban regeneration.

Founded in 1958 by Dutch-born engineer Dick Dusseldorp, Lendlease has grown from its origins in Australian housing development to become a global player.