Land Securities Group (LON:LAND) Receives “Underperform” Rating from Jefferies Financial Group

Land Securities Group (LON:LAND)‘s stock had its “underperform” rating restated by equities researchers at Jefferies Financial Group in a research note issued to investors on Friday,London Stock Exchange reports. They currently have a GBX 462 target price on the stock. Jefferies Financial Group’s price target points to a potential downside of 19.16% from the company’s previous close.

A number of other equities analysts have also commented on LAND. Berenberg Bank reaffirmed a “buy” rating and set a GBX 897 price target on shares of Land Securities Group in a research report on Thursday. UBS Group restated a “buy” rating and set a GBX 705 target price on shares of Land Securities Group in a research report on Monday. The Goldman Sachs Group raised shares of Land Securities Group to a “buy” rating and lowered their target price for the stock from GBX 710 to GBX 690 in a report on Monday, March 30th. Finally, Citigroup cut their price target on Land Securities Group from GBX 627 to GBX 604 and set a “neutral” rating for the company in a research note on Thursday, April 2nd. Six research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 641.33.

Land Securities Group Stock Performance

Shares of LON:LAND traded down GBX 12 during trading on Friday, reaching GBX 571.50. 38,952,234 shares of the stock were exchanged, compared to its average volume of 16,056,674. Land Securities Group has a 12 month low of GBX 522.50 and a 12 month high of GBX 678.50. The stock has a 50-day moving average price of GBX 583.35 and a 200-day moving average price of GBX 613.01. The company has a current ratio of 0.78, a quick ratio of 0.54 and a debt-to-equity ratio of 72.33. The firm has a market cap of £4.26 billion, a PE ratio of 17.16, a PEG ratio of 12.39 and a beta of 1.13.

Land Securities Group (LON:LAND) last released its quarterly earnings results on Thursday, May 14th. The company reported GBX 51.40 earnings per share for the quarter. The business had revenue of £892 million during the quarter. Land Securities Group had a return on equity of 3.85% and a net margin of 27.98%. Research analysts expect that Land Securities Group will post 49.8433829 EPS for the current fiscal year.

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.