Land Securities Group Plc (LON:LAND) Receives GBX 641.33 Consensus Target Price from Brokerages

Shares of Land Securities Group Plc (LON:LAND) have been given a consensus recommendation of “Moderate Buy” by the ten ratings firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is GBX 641.33.

Several brokerages recently weighed in on LAND. Jefferies Financial Group reaffirmed an “underperform” rating and issued a GBX 462 price target on shares of Land Securities Group in a research note on Friday, May 15th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 730 target price on shares of Land Securities Group in a report on Friday, May 15th. UBS Group reaffirmed a “buy” rating and issued a GBX 705 target price on shares of Land Securities Group in a research report on Monday, May 11th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 897 price target on shares of Land Securities Group in a research note on Thursday, May 14th.

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 transaction of £546,853.48. Also, insider Mark Allan sold 53,273 shares of Land Securities Group stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of GBX 706, for a total transaction of £376,107.38. In the last 90 days, insiders acquired 94 shares of company stock worth $59,990 and sold 299,694 shares worth $206,951,464. 0.53% of the stock is currently owned by corporate insiders.

Land Securities Group Stock Up 0.2%

Shares of LON:LAND opened at GBX 710.56 on Friday. Land Securities Group has a 52-week low of GBX 522.50 and a 52-week high of GBX 726. The firm has a market capitalization of £5.29 billion, a P/E ratio of 15.48, a P/E/G ratio of 12.39 and a beta of 1.15. The stock has a 50 day moving average price of GBX 674.09 and a 200-day moving average price of GBX 632.80. The company has a debt-to-equity ratio of 68.76, a quick ratio of 0.54 and a current ratio of 1.04.

Land Securities Group (LON:LAND) last released its earnings results on Thursday, May 14th. The company reported GBX 51.40 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 during the quarter. As a group, equities research analysts anticipate that Land Securities Group will post 49.8433829 EPS for the current fiscal year.

About Land Securities Group

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.