Land Securities Group (LON:LAND) Sets New 12-Month High – Time to Buy?

Land Securities Group Plc (LON:LAND)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 652.50 ($8.70) and last traded at GBX 646 ($8.62), with a volume of 280081438 shares changing hands. The stock had previously closed at GBX 650 ($8.67).

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 710 price target on shares of Land Securities Group in a research report on Friday, July 11th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 760 price target on shares of Land Securities Group in a research report on Tuesday, September 30th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Land Securities Group currently has an average rating of “Hold” and a consensus price target of GBX 693.25.

Land Securities Group Price Performance

The firm has a fifty day moving average of GBX 580.01 and a 200 day moving average of GBX 590.68. The company has a market capitalization of £4.79 billion, a P/E ratio of 12.13, a P/E/G ratio of 12.39 and a beta of 1.44. The company has a current ratio of 0.42, a quick ratio of 0.54 and a debt-to-equity ratio of 59.04.

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.