Insider Buying: Land Securities Group (LON:LAND) Insider Purchases £154.75 in Stock

Land Securities Group Plc (LON:LAND) insider Mark Allan bought 25 shares of the stock in a transaction on Wednesday, March 4th. The stock was purchased at an average cost of GBX 619 per share, with a total value of £154.75.

Mark Allan also recently made the following trade(s):

• On Wednesday, February 4th, Mark Allan purchased 22 shares of Land Securities Group stock. The stock was acquired at an average cost of GBX 668 per share, for a total transaction of £146.96.
• On Monday, January 5th, Mark Allan bought 24 shares of Land Securities Group stock. The stock was bought at an average price of GBX 618 per share, with a total value of £148.32.

Land Securities Group Trading Down 1.9%

LAND stock opened at GBX 608.50 on Monday. The company has a market cap of £4.53 billion, a price-to-earnings ratio of 18.27, a PEG ratio of 12.39 and a beta of 1.12. Land Securities Group Plc has a 52 week low of GBX 490.20 and a 52 week high of GBX 678.50. The company has a quick ratio of 0.54, a current ratio of 0.78 and a debt-to-equity ratio of 72.33. The business has a fifty day simple moving average of GBX 644.09 and a 200-day simple moving average of GBX 612.31.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LAND. Shore Capital Group reiterated a “hold” rating on shares of Land Securities Group in a report on Friday, November 14th. JPMorgan Chase & Co. upped their target price on Land Securities Group from GBX 425 to GBX 440 and gave the stock a “neutral” rating in a research report on Thursday, November 27th. Peel Hunt lowered their target price on Land Securities Group from GBX 760 to GBX 750 and set a “buy” rating for the company in a research note on Tuesday, December 9th. Deutsche Bank Aktiengesellschaft dropped their target price on Land Securities Group from GBX 760 to GBX 730 and set a “buy” rating on the stock in a report on Friday, November 14th. Finally, Panmure Gordon raised shares of Land Securities Group to a “buy” rating and increased their price objective for the company from GBX 424 to GBX 494 in a research report on Tuesday, December 2nd. Five research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Land Securities Group presently has an average rating of “Moderate Buy” and a consensus price target of GBX 644.43.

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.