Land Securities Group (LON:LAND) Shares Cross Above 200-Day Moving Average – Should You Sell?

Land Securities Group Plc (LON:LAND) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 577.24 ($7.67) and traded as high as GBX 593 ($7.88). Land Securities Group shares last traded at GBX 592.50 ($7.87), with a volume of 2,823,858 shares traded.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group restated a “hold” rating and issued a GBX 557 ($7.40) target price on shares of Land Securities Group in a report on Monday, March 3rd.

Land Securities Group Stock Performance

The company has a market cap of £4.47 billion, a PE ratio of -13.99, a PEG ratio of 12.39 and a beta of 1.44. The stock has a 50 day simple moving average of GBX 556.81 and a two-hundred day simple moving average of GBX 576.98. The company has a debt-to-equity ratio of 59.04, a current ratio of 0.42 and a quick ratio of 0.54.

Land Securities Group Company Profile

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.