Land Securities Group (OTCMKTS:LSGOF) Shares Gap Up – Time to Buy?

Shares of Land Securities Group PLC (OTCMKTS:LSGOF) gapped up prior to trading on Friday. The stock had previously closed at $9.01, but opened at $9.32. Land Securities Group shares last traded at $9.32, with a volume of 3,357 shares changing hands.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group raised shares of Land Securities Group from a “moderate sell” rating to a “hold” rating in a report on Wednesday, October 14th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy”.

Land Securities Group Stock Up 3.4%

The firm has a fifty day simple moving average of $8.71 and a 200-day simple moving average of $8.70. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.57.

About Land Securities Group

Land Securities Group plc, commonly known as Landsec, is a UK property company that owns, develops and manages commercial real estate. Its portfolio includes offices, shopping centres, retail parks and mixed-use destinations that combine retail, leisure and other uses. The company also undertakes development and regeneration projects, aiming to create and improve places for businesses, residents and visitors. Its operations are focused on the United Kingdom, including London and other major cities.