Land Securities Group Plc (LON:LAND) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Land Securities Group Plc (LON:LAND) have been assigned an average rating of “Moderate Buy” from the ten analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is GBX 641.33.

Several equities research analysts recently issued reports on the stock. Berenberg Bank reaffirmed a “buy” rating and set a GBX 897 price target on shares of Land Securities Group in a research note on Thursday, May 14th. The Goldman Sachs Group upgraded Land Securities Group to a “buy” rating and lowered their target price for the company from GBX 710 to GBX 690 in a research note on Monday, March 30th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 730 target price on shares of Land Securities Group in a research note on Friday, May 15th. Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 462 price target on shares of Land Securities Group in a research note on Friday, May 15th. Finally, Citigroup reduced their price target on Land Securities Group from GBX 627 to GBX 604 and set a “neutral” rating for the company in a report on Thursday, April 2nd.

Land Securities Group Trading Up 1.0%

LAND opened at GBX 699.50 on Wednesday. The firm has a market capitalization of £5.21 billion, a P/E ratio of 15.24, a P/E/G ratio of 12.39 and a beta of 1.14. The firm’s 50 day moving average is GBX 641.04 and its 200-day moving average is GBX 623.58. Land Securities Group has a 52-week low of GBX 522.50 and a 52-week high of GBX 705.50. The company has a quick ratio of 0.54, a current ratio of 1.04 and a debt-to-equity ratio of 68.76.

Land Securities Group (LON:LAND) last announced its 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 net margin of 38.45% and a return on equity of 5.29%. Analysts expect that Land Securities Group will post 49.8433829 EPS for the current fiscal year.

Insider Activity

In other Land Securities Group news, insider Mark Allan sold 42,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of GBX 597, for a total value of £253,725. Over the last quarter, insiders purchased 145 shares of company stock valued at $89,876. Corporate insiders own 0.53% of the company’s stock.

About Land Securities Group

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.