Insider Buying: Land Securities Group (LON:LAND) Insider Acquires 24 Shares of Stock

Land Securities Group Plc (LON:LAND) insider Vanessa Simms acquired 24 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were purchased at an average cost of GBX 624 per share, for a total transaction of £149.76.

Vanessa Simms also recently made the following trade(s):

• On Tuesday, May 5th, Vanessa Simms acquired 26 shares of Land Securities Group stock. The shares were purchased at an average cost of GBX 586 per share, for a total transaction of £152.36.

Land Securities Group Price Performance

Shares of LON:LAND opened at GBX 634.50 on Friday. The company’s 50-day moving average is GBX 593.77 and its 200 day moving average is GBX 611.52. The company has a debt-to-equity ratio of 68.76, a quick ratio of 0.54 and a current ratio of 1.04. The company has a market capitalization of £4.73 billion, a P/E ratio of 13.82, a price-to-earnings-growth ratio of 12.39 and a beta of 1.13. Land Securities Group Plc has a fifty-two week low of GBX 522.50 and a fifty-two week high of GBX 678.50.

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on LAND shares. Berenberg Bank restated a “buy” rating and issued a GBX 897 price objective on shares of Land Securities Group in a research note on Thursday, May 14th. Citigroup decreased their price target on Land Securities Group from GBX 627 to GBX 604 and set a “neutral” rating on the stock in a research report on Thursday, April 2nd. The Goldman Sachs Group upgraded Land Securities Group to a “buy” rating and decreased their price target for the company from GBX 710 to GBX 690 in a research report on Monday, March 30th. UBS Group reiterated a “buy” rating and set a GBX 705 price target on shares of Land Securities Group in a research report on Monday, May 11th. Finally, Jefferies Financial Group reiterated an “underperform” rating and set a GBX 462 price target on shares of Land Securities Group in a research report on Friday, May 15th. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 641.33.

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.