Shares of Land Securities Group Plc (LON:LAND – Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as GBX 679.50 and last traded at GBX 666, with a volume of 8013127 shares changing hands. The stock had previously closed at GBX 657.
Analysts Set New Price Targets
Several research firms have commented on LAND. Berenberg Bank reissued a “buy” rating and set a GBX 897 price target on shares of Land Securities Group in a research report on Thursday, May 14th. Jefferies Financial Group reaffirmed an “underperform” rating and issued a GBX 462 price objective on shares of Land Securities Group in a research report on Friday, May 15th. The Goldman Sachs Group raised shares of Land Securities Group to a “buy” rating and decreased their price objective for the company from GBX 710 to GBX 690 in a research report on Monday, March 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 730 price objective on shares of Land Securities Group in a research report on Friday, May 15th. Finally, Citigroup decreased their price objective on shares of Land Securities Group from GBX 627 to GBX 604 and set a “neutral” rating for the company in a research report on Thursday, April 2nd. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Land Securities Group currently has an average rating of “Moderate Buy” and an average price target of GBX 641.33.
Check Out Our Latest Research Report on LAND
Land Securities Group Stock Up 0.3%
Land Securities Group (LON:LAND – Get Free Report) last announced its quarterly earnings data on Thursday, May 14th. The company reported GBX 51.40 EPS for the quarter. The firm had revenue of £892 million during the quarter. Land Securities Group had a net margin of 38.45% and a return on equity of 5.29%. As a group, analysts anticipate that Land Securities Group Plc will post 49.8433829 EPS for the current year.
Insider Activity at Land Securities Group
In related news, insider Mark Allan sold 42,500 shares of the stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of GBX 597, for a total value of £253,725. Over the last ninety days, insiders have purchased 99 shares of company stock valued at $59,838. Company insiders own 0.53% of the company’s stock.
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.
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