Land Securities Group (LON:LAND) Stock Crosses Above 200 Day Moving Average – Here’s Why

Land Securities Group Plc (LON:LAND)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 613.07 and traded as high as GBX 664. Land Securities Group shares last traded at GBX 657, with a volume of 3,336,627 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on LAND shares. UBS Group reiterated a “buy” rating and issued a GBX 705 price target on shares of Land Securities Group in a research note on Monday, May 11th. Citigroup dropped their price objective on shares of Land Securities Group from GBX 627 to GBX 604 and set a “neutral” rating for the company in a report on Thursday, April 2nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 730 price target on shares of Land Securities Group in a research report on Friday, May 15th. The Goldman Sachs Group upgraded shares of Land Securities Group to a “buy” rating and cut their price target for the stock from GBX 710 to GBX 690 in a report on Monday, March 30th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 897 target price on shares of Land Securities Group in a report on Thursday, May 14th. Six investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of GBX 641.33.

Land Securities Group Stock Performance

The company has a 50-day moving average price of GBX 604.27 and a two-hundred day moving average price of GBX 613.07. The company has a current ratio of 1.04, a quick ratio of 0.54 and a debt-to-equity ratio of 68.76. The stock has a market capitalization of £4.89 billion, a P/E ratio of 14.31, a price-to-earnings-growth ratio of 12.39 and a beta of 1.15.

Land Securities Group (LON:LAND) last announced its earnings results on Thursday, May 14th. The company reported GBX 51.40 EPS for the quarter. The company had revenue of £892 million for the quarter. Land Securities Group had a return on equity of 5.29% and a net margin of 38.45%. On average, equities analysts forecast that Land Securities Group Plc will post 49.8433829 earnings per share for the current year.

Insider Activity

In related news, insider Mark Allan sold 42,500 shares of the stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of GBX 597, for a total transaction of £253,725. In the last 90 days, insiders have acquired 99 shares of company stock worth $59,838. 0.53% of the stock is owned by insiders.

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.