Land Securities Group plc (LON:LAND)‘s stock had its “hold” rating reiterated by equities researchers at Jefferies Group LLC in a research report issued to clients and investors on Wednesday. They presently have a GBX 875 ($11.51) target price on the stock. Jefferies Group LLC’s target price would indicate a potential downside of 4.99% from the company’s previous close.
A number of other brokerages have also recently commented on LAND. Liberum Capital raised their target price on Land Securities Group plc from GBX 1,000 ($13.15) to GBX 1,050 ($13.81) and gave the company a “hold” rating in a report on Wednesday, August 2nd. Numis Securities Ltd restated a “hold” rating and set a GBX 1,025 ($13.48) target price on shares of Land Securities Group plc in a report on Thursday, July 27th. Credit Suisse Group AG restated an “outperform” rating and set a GBX 1,140 ($14.99) target price on shares of Land Securities Group plc in a report on Wednesday, September 13th. Deutsche Bank AG raised their target price on Land Securities Group plc from GBX 1,000 ($13.15) to GBX 1,050 ($13.81) and gave the company a “hold” rating in a report on Monday, September 11th. Finally, cut Land Securities Group plc to a “hold” rating and lowered their target price for the company from GBX 1,210 ($15.91) to GBX 1,081 ($14.22) in a report on Wednesday, September 6th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. Land Securities Group plc presently has an average rating of “Hold” and an average target price of GBX 1,103.23 ($14.51).
Shares of Land Securities Group plc (LON:LAND) opened at GBX 921 ($12.11) on Wednesday. Land Securities Group plc has a 52-week low of GBX 933 ($12.27) and a 52-week high of GBX 1,141 ($15.01).
Land Securities Group plc (LON:LAND) last announced its earnings results on Tuesday, November 14th. The company reported GBX 25.70 ($0.34) EPS for the quarter, missing analysts’ consensus estimates of GBX 26.60 ($0.35) by GBX (0.90) (($0.01)). Land Securities Group plc had a net margin of 50.86% and a return on equity of 3.63%. The firm had revenue of £366 million for the quarter.
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In related news, insider Alison J. Carnwath acquired 10,050 shares of the firm’s stock in a transaction dated Monday, September 18th. The stock was acquired at an average price of GBX 978 ($12.86) per share, for a total transaction of £98,289 ($129,276.60).
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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