Insider Buying: Land Securities Group plc (LAND) Insider Buys 18,365 Shares of Stock

Land Securities Group plc (LON:LAND) insider Robert Noel acquired 18,365 shares of the business’s stock in a transaction dated Tuesday, November 14th. The stock was purchased at an average cost of GBX 933 ($12.27) per share, with a total value of £171,345.45 ($225,365.58).

Shares of Land Securities Group plc (LON:LAND) traded up GBX 1.50 ($0.02) during mid-day trading on Wednesday, hitting GBX 922.50 ($12.13). 2,799,953 shares of the stock traded hands, compared to its average volume of 2,360,000. Land Securities Group plc has a fifty-two week low of GBX 913.50 ($12.01) and a fifty-two week high of GBX 1,141 ($15.01).

Land Securities Group plc (LON:LAND) last announced its earnings results on Tuesday, November 14th. The company reported GBX 25.70 ($0.34) earnings per share for the quarter, missing the consensus estimate of GBX 26.60 ($0.35) by GBX (0.90) (($0.01)). The firm had revenue of £366 million during the quarter. Land Securities Group plc had a net margin of 50.86% and a return on equity of 3.63%.

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Several brokerages recently commented on LAND. Liberum Capital reaffirmed a “hold” rating and set a GBX 1,050 ($13.81) price target on shares of Land Securities Group plc in a research report on Tuesday. Peel Hunt reaffirmed an “add” rating and set a GBX 1,150 ($15.13) price target on shares of Land Securities Group plc in a research report on Tuesday. J P Morgan Chase & Co reiterated a “neutral” rating and set a GBX 1,200 ($15.78) price objective on shares of Land Securities Group plc in a research note on Wednesday. Jefferies Group LLC reiterated a “hold” rating and set a GBX 875 ($11.51) price objective on shares of Land Securities Group plc in a research note on Wednesday. Finally, Numis Securities Ltd reiterated a “hold” rating and set a GBX 1,025 ($13.48) price objective on shares of Land Securities Group plc in a research note on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. Land Securities Group plc has an average rating of “Hold” and a consensus target price of GBX 1,103.23 ($14.51).

About Land Securities Group plc

Land Securities Group PLC is a United Kingdom-based holding company. The Company is a real estate investment trust (REIT). The Company operates through two segments: Retail Portfolio and the London Portfolio. The Company’s Retail Portfolio includes all the shopping centers and shops (excluding central London shops), hotels and leisure assets, and retail warehouse properties.

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