Land Securities Group plc (LAND) Given Hold Rating at Jefferies Group LLC

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.

Analyst Recommendations for Land Securities Group plc (LON:LAND)

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