Land Securities Group (LON:LAND) Sets New 12-Month High – Time to Buy?

Land Securities Group Plc (LON:LAND)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 652.50 ($8.70) and last traded at GBX 646 ($8.62), with a volume of 280081438 shares trading hands. The stock had previously closed at GBX 650 ($8.67).

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Peel Hunt restated a “buy” rating and set a GBX 760 price target on shares of Land Securities Group in a research note on Tuesday, September 30th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 710 price objective on shares of Land Securities Group in a research note on Friday, July 11th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of GBX 693.25.

Land Securities Group Trading Down 0.3%

The stock has a 50 day moving average of GBX 580.01 and a 200-day moving average of GBX 590.68. The company has a market capitalization of £4.79 billion, a P/E ratio of 12.13, a P/E/G ratio of 12.39 and a beta of 1.44. The company has a current ratio of 0.42, a quick ratio of 0.54 and a debt-to-equity ratio of 59.04.

Land Securities Group Company Profile

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.