Land Securities Group’s (LAND) Buy Rating Reaffirmed at Berenberg Bank

Land Securities Group (LON:LAND)‘s stock had its “buy” rating reissued by equities researchers at Berenberg Bank in a research note issued on Thursday,Digital Look reports. They currently have a GBX 897 target price on the stock. Berenberg Bank’s target price points to a potential upside of 54.26% from the stock’s current price.

Several other equities research analysts have also recently issued reports on LAND. Citigroup cut their price target on Land Securities Group from GBX 627 to GBX 604 and set a “neutral” rating for the company in a research note on Thursday, April 2nd. The Goldman Sachs Group upgraded Land Securities Group to a “buy” rating and lowered their price objective for the stock from GBX 710 to GBX 690 in a research note on Monday, March 30th. Finally, UBS Group reiterated a “buy” rating and set a GBX 705 target price on shares of Land Securities Group in a research report on Monday. Six analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 642.78.

Land Securities Group Stock Performance

Shares of LON:LAND opened at GBX 581.50 on Thursday. The company’s 50 day moving average price is GBX 584.03 and its two-hundred day moving average price is GBX 613.48. Land Securities Group has a 12-month low of GBX 522.50 and a 12-month high of GBX 678.50. The firm has a market cap of £4.33 billion, a PE ratio of 17.46, a PEG ratio of 12.39 and a beta of 1.13. The company has a quick ratio of 0.54, a current ratio of 0.78 and a debt-to-equity ratio of 72.33.

About Land Securities Group

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.