Land Securities Group’s (LAND) “Hold” Rating Reiterated at Peel Hunt

Peel Hunt reissued their hold rating on shares of Land Securities Group (LON:LAND) in a research note issued to investors on Friday.

A number of other research analysts have also recently commented on the company. Liberum Capital restated a buy rating on shares of Land Securities Group in a research note on Wednesday. Deutsche Bank reduced their price objective on Land Securities Group from GBX 990 ($12.94) to GBX 940 ($12.28) and set a hold rating on the stock in a research note on Monday, November 26th. JPMorgan Chase & Co. restated an overweight rating on shares of Land Securities Group in a research note on Wednesday, November 14th. Credit Suisse Group restated a neutral rating on shares of Land Securities Group in a research note on Wednesday, November 14th. Finally, Barclays reduced their price objective on Land Securities Group from GBX 910 ($11.89) to GBX 790 ($10.32) and set an underweight rating on the stock in a research note on Wednesday, November 7th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of GBX 988.92 ($12.92).

Land Securities Group stock traded up GBX 16 ($0.21) during midday trading on Friday, reaching GBX 822.40 ($10.75). The stock had a trading volume of 2,458,169 shares, compared to its average volume of 2,210,000. Land Securities Group has a twelve month low of GBX 900.20 ($11.76) and a twelve month high of GBX 1,141 ($14.91).

Land Securities Group (LON:LAND) last issued its earnings results on Tuesday, November 13th. The company reported GBX 30.30 ($0.40) earnings per share for the quarter, beating the Zacks’ consensus estimate of GBX 29.60 ($0.39) by GBX 0.70 ($0.01).

The business also recently disclosed a dividend, which will be paid on Friday, January 4th. Shareholders of record on Thursday, November 29th will be paid a dividend of GBX 11.30 ($0.15) per share. This represents a dividend yield of 1.33%. The ex-dividend date of this dividend is Thursday, November 29th.

Land Securities Group Company Profile

At Landsec, we believe great places are for people to experience and are made with the experience of great people. As the UK's largest listed commercial property company, with 24 million sq ft of real estate and a portfolio valued at £14.1 billion, we own and manage some of the most successful and recognisable assets in the country.

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Analyst Recommendations for Land Securities Group (LON:LAND)

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