Land Securities Group plc (LON:LAND) has been given an average recommendation of “Hold” by the fourteen research firms that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is GBX 1,077.69 ($13.73).
A number of equities analysts have weighed in on the stock. Jefferies Group LLC restated a “hold” rating and set a GBX 950 ($12.10) price objective on shares of Land Securities Group plc in a research report on Wednesday, April 26th. Liberum Capital reissued a “hold” rating and issued a GBX 950 ($12.10) price objective on shares of Land Securities Group plc in a report on Monday, March 13th. Peel Hunt reissued an “add” rating and issued a GBX 1,150 ($14.65) price objective on shares of Land Securities Group plc in a report on Thursday, May 18th. Goldman Sachs Group, Inc. (The) lowered shares of Land Securities Group plc to a “neutral” rating and set a GBX 1,238 ($15.77) target price for the company. in a research note on Wednesday, April 19th. Finally, BNP Paribas reaffirmed an “underperform” rating and set a GBX 1,100 ($14.01) target price on shares of Land Securities Group plc in a research note on Monday, April 3rd.
In related news, insider Martin F. Greenslade purchased 6,000 shares of the firm’s stock in a transaction on Wednesday, March 29th. The stock was purchased at an average price of GBX 1,042 ($13.28) per share, for a total transaction of £62,520 ($79,653.46). Also, insider Nicholas Cadbury bought 1,900 shares of the business’s stock in a transaction on Tuesday, March 28th. The stock was acquired at an average cost of GBX 1,039 ($13.24) per share, for a total transaction of £19,741 ($25,150.97).
Shares of Land Securities Group plc (LON:LAND) traded down 0.95% on Friday, hitting GBX 1047.00. The stock had a trading volume of 2,498,988 shares. Land Securities Group plc has a 1-year low of GBX 810.00 and a 1-year high of GBX 1,209.00. The company’s market capitalization is GBX 8.27 billion. The firm has a 50-day moving average of GBX 1,089.14 and a 200 day moving average of GBX 1,055.43.
The company also recently announced a dividend, which will be paid on Friday, October 6th. Investors of record on Thursday, September 7th will be paid a GBX 9.85 ($0.13) dividend. This represents a yield of 0.9%. The ex-dividend date is Thursday, September 7th.
Land Securities Group plc Company Profile
Land Securities Group PLC is a United Kingdom-based holding company. The Company is a real estate investment trust (REIT). The Company operates through two segments: Retail Portfolio and the London Portfolio. The Company’s Retail Portfolio includes all the shopping centers and shops (excluding central London shops), hotels and leisure assets, and retail warehouse properties.
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