Land Securities Group (LON:LAND) Hits New 12-Month Low at $496.15

Land Securities Group plc (LON:LAND) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as GBX 496.15 ($6.48) and last traded at GBX 499.95 ($6.53), with a volume of 2243568 shares. The stock had previously closed at GBX 505.90 ($6.61).

Several brokerages have recently commented on LAND. JPMorgan Chase & Co. decreased their target price on Land Securities Group from GBX 685 ($8.95) to GBX 650 ($8.49) and set a “neutral” rating for the company in a research report on Wednesday, June 24th. Barclays decreased their target price on Land Securities Group from GBX 730 ($9.54) to GBX 645 ($8.43) and set an “overweight” rating for the company in a research report on Thursday, June 4th. Liberum Capital reiterated a “hold” rating on shares of Land Securities Group in a research report on Friday, July 3rd. Goldman Sachs Group reiterated a “buy” rating and issued a GBX 728 ($9.51) target price (down previously from GBX 750 ($9.80)) on shares of Land Securities Group in a research report on Monday, June 8th. Finally, Peel Hunt reissued an “add” rating on shares of Land Securities Group in a report on Thursday, July 16th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. Land Securities Group presently has an average rating of “Hold” and an average price target of GBX 732.14 ($9.57).

The firm has a 50 day simple moving average of GBX 560.96 and a two-hundred day simple moving average of GBX 594.30. The company has a debt-to-equity ratio of 60.94, a quick ratio of 1.40 and a current ratio of 1.48. The stock has a market cap of $3.63 billion and a P/E ratio of -4.45.

In other Land Securities Group news, insider Martin F. Greenslade sold 16,743 shares of Land Securities Group stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of GBX 556 ($7.27), for a total transaction of £93,091.08 ($121,639.98).

Land Securities Group Company Profile (LON:LAND)

At Landsec, we believe great places are for people to experience and are made with the experience of great people. Across 24 million sq ft of real estate and a portfolio valued at £14.1 billion, we own and manage some of the most successful and recognisable assets in the country. In London, our portfolio totals more than £7.8 billion, and consists of 6.4 million sq ft of real estate.

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