Land Securities Group’s (LAND) “Hold” Rating Reaffirmed at Jefferies Financial Group

Land Securities Group (LON:LAND)‘s stock had its “hold” rating reissued by Jefferies Financial Group in a report issued on Thursday, Digital Look reports. They currently have a GBX 593 price objective on the stock. Jefferies Financial Group’s target price points to a potential downside of 8.98% from the stock’s current price.

LAND has been the topic of several other research reports. Berenberg Bank cut their price objective on Land Securities Group from GBX 931 to GBX 863 and set a “buy” rating on the stock in a report on Wednesday. Deutsche Bank Aktiengesellschaft boosted their price objective on Land Securities Group from GBX 730 to GBX 750 and gave the company a “buy” rating in a research report on Monday, October 5th. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Land Securities Group has an average rating of “Moderate Buy” and an average target price of GBX 654.33.

Land Securities Group Trading Up 2.5%

LON:LAND traded up GBX 16 during trading hours on Thursday, hitting GBX 651.50. The stock had a trading volume of 212,271,141 shares, compared to its average volume of 27,728,133. The business’s 50 day moving average is GBX 654.09 and its 200-day moving average is GBX 638.44. The company has a debt-to-equity ratio of 68.76, a quick ratio of 0.54 and a current ratio of 1.04. The company has a market cap of £5.40 billion, a price-to-earnings ratio of 14.19, a P/E/G ratio of 12.39 and a beta of 1.15. Land Securities Group has a one year low of GBX 525 and a one year high of GBX 726.

Insider Buying and Selling

In other Land Securities Group news, insider Mark Allan sold 126,463 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of GBX 706, for a total transaction of £892,828.78. Also, insider Vanessa Simms sold 77,458 shares of Land Securities Group stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of GBX 706, for a total transaction of £546,853.48. In the last ninety days, insiders have acquired 69 shares of company stock valued at $44,598 and have sold 257,194 shares valued at $181,578,964. Corporate insiders own 0.56% of the company’s stock.

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.