Land Securities Group (LON:LAND) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Shares of Land Securities Group Plc (LON:LAND) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 611.29 and traded as high as GBX 635. Land Securities Group shares last traded at GBX 617.50, with a volume of 411,765,594 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on LAND shares. Peel Hunt lowered their price objective on shares of Land Securities Group from GBX 760 to GBX 750 and set a “buy” rating on the stock in a research report on Tuesday, December 9th. UBS Group reaffirmed a “buy” rating and issued a GBX 725 target price on shares of Land Securities Group in a research report on Friday, November 7th. Shore Capital Group reissued a “hold” rating on shares of Land Securities Group in a research report on Friday, November 14th. Panmure Gordon raised Land Securities Group to a “buy” rating and increased their price objective for the stock from GBX 424 to GBX 494 in a research note on Tuesday, December 2nd. Finally, JPMorgan Chase & Co. lifted their target price on Land Securities Group from GBX 425 to GBX 440 and gave the company a “neutral” rating in a research note on Thursday, November 27th. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Land Securities Group has a consensus rating of “Moderate Buy” and an average price target of GBX 644.43.

Land Securities Group Price Performance

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 stock’s 50 day moving average price is GBX 644.07 and its two-hundred day moving average price is GBX 611.46. The firm has a market capitalization of £4.62 billion, a price-to-earnings ratio of 18.62, a P/E/G ratio of 12.39 and a beta of 1.14.

Insider Buying and Selling at Land Securities Group

In other news, insider Anne Richards purchased 16,497 shares of the stock in a transaction that occurred on Thursday, December 18th. The stock was acquired at an average price of GBX 603 per share, with a total value of £99,476.91. Over the last three months, insiders bought 16,590 shares of company stock worth $10,007,415. 0.53% of the stock is owned by company 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.