Land Securities Group (LON:LAND) Reaches New 52-Week High – Here’s Why

Land Securities Group Plc (LON:LAND)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 658.50 and last traded at GBX 658.50, with a volume of 5032897 shares changing hands. The stock had previously closed at GBX 648.

Analyst Ratings Changes

Several equities research analysts have issued reports on LAND shares. JPMorgan Chase & Co. boosted their price objective on shares of Land Securities Group from GBX 425 to GBX 440 and gave the stock a “neutral” rating in a research note on Thursday, November 27th. Berenberg Bank lowered their price objective on Land Securities Group from GBX 917 to GBX 897 and set a “buy” rating for the company in a research note on Monday. Panmure Gordon upgraded Land Securities Group to a “buy” rating and raised their target price for the company from GBX 424 to GBX 494 in a research report on Tuesday, December 2nd. Deutsche Bank Aktiengesellschaft dropped their target price on Land Securities Group from GBX 760 to GBX 730 and set a “buy” rating on the stock in a report on Friday, November 14th. Finally, Peel Hunt reduced their price objective on shares of Land Securities Group from GBX 760 to GBX 750 and set a “buy” rating for the company in a research report on Tuesday, December 9th. Five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 644.43.

Land Securities Group Stock Up 0.9%

The business has a 50-day simple moving average of GBX 615.28 and a two-hundred day simple moving average of GBX 598.07. The company has a quick ratio of 0.54, a current ratio of 0.42 and a debt-to-equity ratio of 59.04. The company has a market cap of £4.87 billion, a price-to-earnings ratio of 19.64, a PEG ratio of 12.39 and a beta of 1.44.

Land Securities Group (LON:LAND) last posted its earnings results on Friday, November 14th. The company reported GBX 25.80 EPS for the quarter. Land Securities Group had a negative return on equity of 4.88% and a negative net margin of 38.71%. As a group, equities analysts forecast that Land Securities Group Plc will post 49.8433829 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Land Securities Group news, insider Baroness Casey purchased 500 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were bought at an average price of GBX 615 per share, with a total value of £3,075. Also, insider Anne Richards bought 16,497 shares of the stock in a transaction on Thursday, December 18th. The shares were purchased at an average price of GBX 603 per share, with a total value of £99,476.91. In the last 90 days, insiders have purchased 17,142 shares of company stock valued at $10,344,848. Corporate insiders own 0.53% 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.