Land Securities Group (LON:LAND)‘s stock had its “hold” rating reissued by investment analysts at Liberum Capital in a research report issued on Friday. They currently have a GBX 1,120 ($15.07) price target on the stock. Liberum Capital’s price target would suggest a potential upside of 13.82% from the stock’s current price.
A number of other research firms have also weighed in on LAND. Credit Suisse Group lowered shares of Land Securities Group to a “neutral” rating and cut their target price for the stock from GBX 1,140.74 ($15.35) to GBX 1,035 ($13.93) in a research report on Wednesday, December 6th. Jefferies Group reissued a “hold” rating and set a GBX 875 ($11.78) target price on shares of Land Securities Group in a research report on Wednesday, November 15th. Beaufort Securities reissued a “long term buy” rating and set a GBX 1,150 ($15.48) target price on shares of Land Securities Group in a research report on Friday, October 20th. Peel Hunt reissued an “add” rating and set a GBX 1,150 ($15.48) target price on shares of Land Securities Group in a research report on Tuesday, November 14th. Finally, lowered shares of Land Securities Group to a “hold” rating and cut their target price for the stock from GBX 1,210 ($16.29) to GBX 1,081 ($14.55) in a research report on Wednesday, September 6th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company. Land Securities Group currently has an average rating of “Hold” and a consensus target price of GBX 1,092.77 ($14.71).
Shares of Land Securities Group (LON LAND) opened at GBX 984 ($13.24) on Friday. Land Securities Group has a fifty-two week low of GBX 912 ($12.27) and a fifty-two week high of GBX 1,141 ($15.36).
Land Securities Group (LON:LAND) last released its earnings results on Tuesday, November 14th. The company reported GBX 25.70 ($0.35) earnings per share for the quarter, missing the Zacks’ consensus estimate of GBX 26.60 ($0.36) by GBX (0.90) (($0.01)). The firm had revenue of £366 million for the quarter. Land Securities Group had a negative return on equity of 0.61% and a negative net margin of 8.59%.
In other Land Securities Group news, insider Martin F. Greenslade bought 8,000 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were acquired at an average price of GBX 924 ($12.44) per share, with a total value of £73,920 ($99,488.56). Also, insider Robert Noel bought 18,365 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was acquired at an average cost of GBX 933 ($12.56) per share, for a total transaction of £171,345.45 ($230,612.99). Insiders have bought 36,415 shares of company stock valued at $34,355,445 in the last ninety days.
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Land Securities Group Company Profile
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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