Land Securities Group Plc (LON:LAND) Receives Consensus Rating of “Moderate Buy” from Brokerages

Land Securities Group Plc (LON:LAND) has received an average recommendation of “Moderate Buy” from the ten brokerages that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is GBX 641.33.

Several research analysts have issued reports on LAND shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 730 target price on shares of Land Securities Group in a report on Friday, May 15th. Citigroup dropped 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 report on Thursday, April 2nd. UBS Group reiterated a “buy” rating and set a GBX 705 price objective on shares of Land Securities Group in a research note on Monday, May 11th. Berenberg Bank reiterated a “buy” rating and set a GBX 897 price objective on shares of Land Securities Group in a research note on Thursday, May 14th. Finally, The Goldman Sachs Group upgraded shares of Land Securities Group to a “buy” rating and dropped their price objective for the company from GBX 710 to GBX 690 in a research note on Monday, March 30th.

Land Securities Group Stock Up 1.0%

Shares of LON:LAND opened at GBX 657.50 on Friday. Land Securities Group has a 52-week low of GBX 522.50 and a 52-week high of GBX 679.50. The stock has a market cap of £4.90 billion, a P/E ratio of 14.32, a price-to-earnings-growth ratio of 12.39 and a beta of 1.15. The business’s 50 day moving average is GBX 614.60 and its 200 day moving average is GBX 615.08. The company has a quick ratio of 0.54, a current ratio of 1.04 and a debt-to-equity ratio of 68.76.

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

Insider Buying and Selling at Land Securities Group

In other news, insider Mark Allan sold 42,500 shares of the firm’s 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. In the last quarter, insiders have bought 99 shares of company stock valued at $59,838. 0.53% of the stock is currently 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.