Land Securities Group (LON:LAND) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Land Securities Group Plc (LON:LAND) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 578.08 ($7.77) and traded as high as GBX 631.50 ($8.49). Land Securities Group shares last traded at GBX 625 ($8.41), with a volume of 6,224,211 shares changing hands.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reissued a “hold” rating and set a GBX 557 ($7.49) price objective on shares of Land Securities Group in a report on Monday, March 3rd.

Land Securities Group Price Performance

The company has a current ratio of 0.42, a quick ratio of 0.54 and a debt-to-equity ratio of 59.04. The company has a market capitalization of £4.63 billion, a PE ratio of -14.49, a price-to-earnings-growth ratio of 12.39 and a beta of 1.44. The stock’s 50-day moving average is GBX 603.61 and its two-hundred day moving average is GBX 577.92.

Land Securities Group (LON:LAND) last posted its quarterly earnings results on Friday, May 16th. The company reported GBX 50.30 ($0.68) earnings per share for the quarter. Land Securities Group had a negative net margin of 38.71% and a negative return on equity of 4.88%. On average, equities analysts predict that Land Securities Group Plc will post 49.8433829 EPS for the current year.

Land Securities Group Company Profile

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.