Land Securities Group (LON:LAND) Sets New 52-Week High – Still a Buy?

Land Securities Group Plc (LON:LAND) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 679 and last traded at GBX 675, with a volume of 2369968 shares changing hands. The stock had previously closed at GBX 672.50.

Wall Street Analyst Weigh In

Several research analysts have weighed in on LAND shares. Citigroup lowered their target price on shares of 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. Berenberg Bank reissued a “buy” rating and issued a GBX 897 price target on shares of Land Securities Group in a research note on Thursday, May 14th. UBS Group restated a “buy” rating and issued a GBX 705 price objective on shares of Land Securities Group in a report on Monday, May 11th. Jefferies Financial Group reaffirmed an “underperform” rating and set a GBX 462 price objective on shares of Land Securities Group in a research report on Friday, May 15th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 730 target price on shares of Land Securities Group in a research report on Friday, May 15th. Six investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 641.33.

Land Securities Group Price Performance

The company’s 50-day simple moving average is GBX 630.48 and its 200 day simple moving average is GBX 620.93. The company has a market cap of £5.03 billion, a PE ratio of 14.71, a PEG ratio of 12.39 and a beta of 1.14. The company has a debt-to-equity ratio of 68.76, a quick ratio of 0.54 and a current ratio of 1.04.

Land Securities Group (LON:LAND) last posted its quarterly earnings data on Thursday, May 14th. The company reported GBX 51.40 earnings per share for the quarter. The business had revenue of £892 million for the quarter. Land Securities Group had a return on equity of 5.29% and a net margin of 38.45%. On average, sell-side analysts predict that Land Securities Group Plc will post 49.8433829 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Land Securities Group news, insider Mark Allan sold 42,500 shares of the company’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of GBX 597, for a total transaction of £253,725. In the last quarter, insiders bought 145 shares of company stock worth $89,876. 0.53% of the stock is owned by corporate insiders.

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.