Land Securities Group (LON:LAND) Hits New 52-Week High – Should You Buy?

Land Securities Group Plc (LON:LAND) shares hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 724.50 and last traded at GBX 724, with a volume of 7753676 shares traded. The stock had previously closed at GBX 713.

Analyst Upgrades and Downgrades

LAND has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 730 target price on shares of Land Securities Group in a research note on Friday, May 15th. 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. UBS Group reissued a “buy” rating and set a GBX 705 target price on shares of Land Securities Group in a research note on Monday, May 11th. Finally, Jefferies Financial Group restated an “underperform” rating and set a GBX 462 price target on shares of Land Securities Group in a report on Friday, May 15th. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of GBX 641.33.

Land Securities Group Price Performance

The company has a quick ratio of 0.54, a current ratio of 1.04 and a debt-to-equity ratio of 68.76. The stock’s 50-day moving average is GBX 659.63 and its 200-day moving average is GBX 628.21. The firm has a market cap of £5.39 billion, a P/E ratio of 15.77, a price-to-earnings-growth ratio of 12.39 and a beta of 1.14.

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

Insider Transactions at Land Securities Group

In other Land Securities Group news, insider Vanessa Simms sold 77,458 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of GBX 706, for a total value of £546,853.48. Also, insider Mark Allan sold 53,273 shares of the business’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of GBX 706, for a total value of £376,107.38. In the last three months, insiders have acquired 94 shares of company stock worth $59,990 and have sold 299,694 shares worth $206,951,464. 0.53% of the stock is owned by corporate 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.