Land Securities Group plc (LON:LAND)‘s stock had its “add” rating reaffirmed by research analysts at Peel Hunt in a report released on Thursday, May 18th. They presently have a GBX 1,150 ($14.55) target price on the stock. Peel Hunt’s price target points to a potential upside of 7.78% from the stock’s previous close.
Several other research analysts also recently commented on the company. Goldman Sachs Group, Inc. (The) downgraded Land Securities Group plc to a “neutral” rating and set a GBX 1,238 ($15.66) target price for the company. in a research note on Wednesday, April 19th. Liberum Capital reiterated a “hold” rating and set a GBX 950 ($12.02) price target on shares of Land Securities Group plc in a research report on Friday, March 24th. Jefferies Group LLC reiterated a “hold” rating and set a GBX 950 ($12.02) price target on shares of Land Securities Group plc in a research report on Wednesday, April 26th. BNP Paribas reiterated an “underperform” rating and set a GBX 1,100 ($13.92) price target on shares of Land Securities Group plc in a research report on Wednesday, January 25th. Finally, Canaccord Genuity downgraded Land Securities Group plc to a “hold” rating and dropped their price target for the company from GBX 1,115 ($14.10) to GBX 1,075 ($13.60) in a research report on Friday, February 17th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of GBX 1,072.14 ($13.56).
Land Securities Group plc (LON:LAND) traded up 0.66% on Thursday, reaching GBX 1067.00. 6,715,702 shares of the company’s stock traded hands. Land Securities Group plc has a 52-week low of GBX 810.00 and a 52-week high of GBX 1,209.00. The stock’s 50 day moving average is GBX 1,091.31 and its 200 day moving average is GBX 1,053.67. The firm’s market cap is GBX 8.43 billion.
The firm also recently disclosed a dividend, which will be paid on Friday, October 6th. Stockholders of record on Thursday, September 7th will be given a GBX 9.85 ($0.12) dividend. The ex-dividend date is Thursday, September 7th. This represents a dividend yield of 0.9%.
In other Land Securities Group plc news, insider Nicholas Cadbury acquired 1,900 shares of the business’s stock in a transaction dated Tuesday, March 28th. The shares were purchased at an average cost of GBX 1,039 ($13.14) per share, for a total transaction of £19,741 ($24,972.80). Also, insider Martin F. Greenslade acquired 6,000 shares of the business’s stock in a transaction dated Wednesday, March 29th. The stock was acquired at an average price of GBX 1,042 ($13.18) per share, for a total transaction of £62,520 ($79,089.18).
About Land Securities Group plc
Land Securities Group PLC is a United Kingdom-based holding company. The Company is a real estate investment trust (REIT). The Company operates through two segments: Retail Portfolio and the London Portfolio. The Company’s Retail Portfolio includes all the shopping centers and shops (excluding central London shops), hotels and leisure assets, and retail warehouse properties.
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