Land Securities Group plc (LAND) Shares Up 0.3%

Shares of Land Securities Group plc (LON:LAND) shot up 0.3% during trading on Wednesday . The stock traded as high as GBX 997.50 ($13.11) and last traded at GBX 993 ($13.06). 1,383,686 shares were traded during mid-day trading, a decline of 27% from the average session volume of 1,897,120 shares. The stock had previously closed at GBX 990.50 ($13.02).

Several research firms have commented on LAND. Liberum Capital lifted their target price on shares of Land Securities Group plc from GBX 1,000 ($13.15) to GBX 1,050 ($13.80) and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Numis Securities Ltd reaffirmed a “hold” rating and issued a GBX 1,025 ($13.48) target price on shares of Land Securities Group plc in a research note on Thursday, July 27th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a GBX 1,114 ($14.65) target price on shares of Land Securities Group plc in a research note on Thursday, June 15th. Credit Suisse Group reaffirmed an “outperform” rating and issued a GBX 1,140 ($14.99) target price on shares of Land Securities Group plc in a research note on Wednesday, September 13th. Finally, Deutsche Bank AG lifted their target price on shares of Land Securities Group plc from GBX 1,000 ($13.15) to GBX 1,050 ($13.80) and gave the stock a “hold” rating in a research note on Monday, September 11th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of GBX 1,105.58 ($14.54).

In other Land Securities Group plc news, insider Alison J. Carnwath purchased 10,050 shares of the company’s stock in a transaction dated Monday, September 18th. The shares were bought at an average price of GBX 978 ($12.86) per share, for a total transaction of £98,289 ($129,225.61).

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About Land Securities Group plc

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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