Land Securities Group (LON:LAND) Downgraded to “Neutral” at JPMorgan Chase & Co.

Land Securities Group (LON:LAND) was downgraded by JPMorgan Chase & Co. to a “neutral” rating in a research report issued on Monday, Stock Target Advisor reports.

A number of other brokerages have also issued reports on LAND. UBS Group reissued a “buy” rating on shares of Land Securities Group in a research report on Tuesday, November 12th. Goldman Sachs Group raised their price target on Land Securities Group from GBX 761 ($9.94) to GBX 784 ($10.24) and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. HSBC cut Land Securities Group to a “hold” rating and dropped their price objective for the company from GBX 947 ($12.37) to GBX 897 ($11.72) in a research note on Thursday, November 14th. Liberum Capital reiterated a “hold” rating on shares of Land Securities Group in a report on Friday, November 22nd. Finally, Jefferies Financial Group downgraded Land Securities Group to an “underperform” rating in a report on Wednesday, November 13th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of GBX 834.15 ($10.90).

LON:LAND opened at GBX 933.20 ($12.19) on Monday. Land Securities Group has a fifty-two week low of GBX 473.27 ($6.18) and a fifty-two week high of GBX 983.20 ($12.85). The company has a debt-to-equity ratio of 39.62, a quick ratio of 0.35 and a current ratio of 0.41. The company has a 50 day moving average price of GBX 928.48 and a 200 day moving average price of GBX 852.04. The stock has a market capitalization of $6.92 billion and a P/E ratio of -22.43.

In other news, insider Robert Noel sold 203,070 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of GBX 946 ($12.36), for a total value of £1,921,042.20 ($2,510,181.89).

Land Securities Group Company Profile

At Landsec, we believe great places are for people to experience and are made with the experience of great people. Across 24 million sq ft of real estate and a portfolio valued at £14.1 billion, we own and manage some of the most successful and recognisable assets in the country. In London, our portfolio totals more than £7.8 billion, and consists of 6.4 million sq ft of real estate.

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