Land Securities Group (LON:LAND) Reaches New 12-Month Low – What’s Next?

Shares of Land Securities Group Plc (LON:LAND) hit a new 52-week low during trading on Friday . The company traded as low as GBX 399.62 and last traded at GBX 627.50, with a volume of 4199822 shares. The stock had previously closed at GBX 630.50.

Wall Street Analysts Forecast Growth

LAND has been the topic of a number of research analyst reports. UBS Group reissued a “buy” rating and set a GBX 705 price objective on shares of Land Securities Group in a research report on Monday, May 11th. The Goldman Sachs Group raised shares of Land Securities Group to a “buy” rating and dropped their target price for the stock from GBX 710 to GBX 690 in a research report on Monday, March 30th. Citigroup cut their target price on shares of Land Securities Group from GBX 627 to GBX 604 and set a “neutral” rating on the stock in a research note on Thursday, April 2nd. Jefferies Financial Group reiterated an “underperform” rating and set a GBX 462 price target on shares of Land Securities Group in a research report on Friday, May 15th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 730 price target on shares of Land Securities Group in a research note on Friday, May 15th. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 641.33.

Land Securities Group Trading Down 0.3%

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 company has a market cap of £4.68 billion, a PE ratio of 13.69, a PEG ratio of 12.39 and a beta of 1.15. The stock has a 50 day moving average price of GBX 610.90 and a 200 day moving average price of GBX 614.52.

Land Securities Group (LON:LAND) last issued its quarterly earnings results on Thursday, May 14th. The company reported GBX 51.40 earnings per share 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%. Sell-side analysts predict that Land Securities Group Plc will post 49.8433829 EPS for the current fiscal year.

Insider Buying and Selling at Land Securities Group

In related news, insider Mark Allan sold 42,500 shares of the stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of GBX 597, for a total value of £253,725. Over the last quarter, insiders have bought 99 shares of company stock valued at $59,838. 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.