Land Securities Group Plc (LON:LAND – Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 705.50 and last traded at GBX 697.50, with a volume of 2144689 shares changing hands. The stock had previously closed at GBX 700.50.
Analysts Set New Price Targets
A number of research analysts have recently weighed in on the stock. Berenberg Bank reissued a “buy” rating and set a GBX 897 price objective on shares of Land Securities Group in a research note on Thursday, May 14th. The Goldman Sachs Group raised Land Securities Group to a “buy” rating and reduced their target price for the company from GBX 710 to GBX 690 in a research note on Monday, March 30th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 730 target price on shares of Land Securities Group in a report on Friday, May 15th. Citigroup dropped their price target on 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. Finally, Jefferies Financial Group reissued an “underperform” rating and issued a GBX 462 price target on shares of Land Securities Group in a report on Friday, May 15th. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 641.33.
Check Out Our Latest Report on Land Securities Group
Land Securities Group Stock Down 0.3%
Land Securities Group (LON:LAND – Get Free Report) last announced its quarterly earnings results on Thursday, May 14th. The company reported GBX 51.40 earnings per share for the quarter. Land Securities Group had a net margin of 38.45% and a return on equity of 5.29%. The company had revenue of £892 million for the quarter. Sell-side analysts anticipate that Land Securities Group Plc will post 49.8433829 earnings per share for the current fiscal year.
Insider Buying and Selling at Land Securities Group
In related news, insider Mark Allan sold 42,500 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of GBX 597, for a total value of £253,725. Over the last 90 days, insiders acquired 145 shares of company stock valued at $89,876. 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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