Land Securities Group (LON:LAND) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Shares of Land Securities Group Plc (LON:LAND) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 584.16 ($7.83) and traded as high as GBX 638.50 ($8.56). Land Securities Group shares last traded at GBX 621 ($8.32), with a volume of 316,840,844 shares traded.

Analysts Set New Price Targets

LAND has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 710 price target on shares of Land Securities Group in a research note on Friday, July 11th. Peel Hunt reiterated a “buy” rating and set a GBX 760 price target on shares of Land Securities Group in a report on Tuesday, September 30th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of GBX 693.25.

Land Securities Group Price Performance

The stock’s fifty day moving average price is GBX 570.92 and its 200-day moving average price is GBX 584.16. The company has a debt-to-equity ratio of 59.04, a quick ratio of 0.54 and a current ratio of 0.42. The firm has a market cap of £4.63 billion, a PE ratio of 1,171.70, a P/E/G ratio of 12.39 and a beta of 1.44.

Insider Activity

In related news, insider Mark Allan sold 154,631 shares of the firm’s stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of GBX 590, for a total value of £912,322.90. Also, insider Vanessa Simms sold 86,205 shares of the firm’s stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of GBX 586, for a total transaction of £505,161.30. Insiders have acquired a total of 106 shares of company stock worth $59,943 over the last ninety days. 0.53% of the stock is owned by corporate insiders.

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.