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

Shares of Land Securities Group Plc (LON:LANDGet Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 724.50 and last traded at GBX 724, with a volume of 7753676 shares. The stock had previously closed at GBX 713.

Analysts Set New Price Targets

A number of research analysts have issued reports on LAND shares. Berenberg Bank reiterated 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 reiterated an “underperform” rating and issued a GBX 462 target price on shares of Land Securities Group in a research report on Friday, May 15th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 730 price target on shares of Land Securities Group in a research report on Friday, May 15th. Finally, UBS Group reaffirmed a “buy” rating and issued a GBX 705 price target on shares of Land Securities Group in a research note on Monday, May 11th. Six investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Land Securities Group currently has a consensus rating of “Moderate Buy” and an average target price of GBX 641.33.

View Our Latest Research Report on Land Securities Group

Land Securities Group Trading Down 0.8%

The company has a quick ratio of 0.54, a current ratio of 1.04 and a debt-to-equity ratio of 68.76. The stock has a market capitalization of £5.33 billion, a P/E ratio of 15.60, a PEG ratio of 12.39 and a beta of 1.15. The firm’s 50-day simple moving average is GBX 662.95 and its 200 day simple moving average is GBX 629.47.

Land Securities Group (LON:LANDGet Free Report) last posted its quarterly earnings data 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 during the quarter. Equities research analysts anticipate that Land Securities Group Plc will post 49.8433829 EPS for the current fiscal year.

Insider Buying and Selling at Land Securities Group

In related news, insider Mark Allan sold 53,273 shares of the stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of GBX 706, for a total value of £376,107.38. Also, insider Vanessa Simms sold 77,458 shares of Land Securities Group stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of GBX 706, for a total value of £546,853.48. Over the last three months, insiders have bought 94 shares of company stock valued at $59,990 and have sold 299,694 shares valued at $206,951,464. Company insiders own 0.53% of the company’s stock.

About Land Securities Group

(Get Free Report)

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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