Land Securities Group (LON:LAND) Insider Sells £253,725 in Stock

Land Securities Group Plc (LON:LAND) insider Mark Allan sold 42,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of GBX 597, for a total transaction of £253,725.

Mark Allan also recently made the following trade(s):

• On Tuesday, May 5th, Mark Allan purchased 25 shares of Land Securities Group stock. The shares were bought at an average cost of GBX 586 per share, for a total transaction of £146.50.
• On Wednesday, March 4th, Mark Allan purchased 25 shares of Land Securities Group stock. The shares were bought at an average cost of GBX 619 per share, for a total transaction of £154.75.

Land Securities Group Trading Up 0.8%

LON:LAND traded up GBX 4.62 during trading hours on Tuesday, reaching GBX 592.62. 3,123,915 shares of the company were exchanged, compared to its average volume of 22,510,854. The company has a debt-to-equity ratio of 68.76, a current ratio of 1.04 and a quick ratio of 0.54. The firm has a market cap of £4.42 billion, a price-to-earnings ratio of 17.80, a PEG ratio of 12.39 and a beta of 1.13. Land Securities Group Plc has a 52-week low of GBX 522.50 and a 52-week high of GBX 678.50. The stock has a 50 day simple moving average of GBX 581.71 and a 200 day simple moving average of GBX 612.16.

Land Securities Group (LON:LAND) last posted its quarterly earnings results on Thursday, May 14th. The company reported GBX 51.40 earnings per share for the quarter. Land Securities Group had a net margin of 38.45% and a return on equity of 5.29%. The company had revenue of £892 million for the quarter. As a group, analysts predict that Land Securities Group Plc will post 49.8433829 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on LAND shares. UBS Group reissued a “buy” rating and set a GBX 705 price objective on shares of Land Securities Group in a report on Monday, May 11th. Jefferies Financial Group reaffirmed an “underperform” rating and issued a GBX 462 price target on shares of Land Securities Group in a report on Friday. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 897 price target on shares of Land Securities Group in a report on Thursday, May 14th. Citigroup decreased their price target on shares of Land Securities Group from GBX 627 to GBX 604 and set a “neutral” rating for the company in a report on Thursday, April 2nd. Finally, The Goldman Sachs Group raised shares of Land Securities Group to a “buy” rating and decreased their price target for the company from GBX 710 to GBX 690 in a report on Monday, March 30th. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Land Securities Group presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 641.33.

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.