Citigroup Cuts Land Securities Group (LON:LAND) Price Target to GBX 604

Land Securities Group (LON:LAND) had its price objective reduced by Citigroup from GBX 627 to GBX 604 in a research report sent to investors on Thursday morning,London Stock Exchange reports. Citigroup currently has a neutral rating on the stock.

Several other research firms have also recently commented on LAND. 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. The Goldman Sachs Group upgraded Land Securities Group to a “buy” rating and decreased their price objective for the company from GBX 710 to GBX 690 in a research note on Monday, March 30th. Finally, Berenberg Bank lowered their price objective on Land Securities Group from GBX 917 to GBX 897 and set a “buy” rating for the company in a research report on Monday, January 26th. Six analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Land Securities Group has a consensus rating of “Moderate Buy” and an average target price of GBX 645.

Land Securities Group Price Performance

Shares of LAND opened at GBX 568 on Thursday. The company has a debt-to-equity ratio of 72.33, a quick ratio of 0.54 and a current ratio of 0.78. The stock has a market capitalization of £4.23 billion, a price-to-earnings ratio of 17.06, a PEG ratio of 12.39 and a beta of 1.12. The stock has a 50 day moving average price of GBX 617.94 and a 200 day moving average price of GBX 614.03. Land Securities Group has a one year low of GBX 490.20 and a one year high of GBX 678.50.

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.