Land Securities Group (LON:LAND) Reaches New 52-Week High – Still a Buy?

Land Securities Group Plc (LON:LAND) reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 710 and last traded at GBX 706.94, with a volume of 1881193 shares. The stock had previously closed at GBX 699.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on LAND. Jefferies Financial Group reissued an “underperform” rating and issued a GBX 462 price objective on shares of Land Securities Group in a report on Friday, May 15th. UBS Group reaffirmed a “buy” rating and set a GBX 705 target price on shares of Land Securities Group in a research note on Monday, May 11th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 730 target price on shares of Land Securities Group in a report on Friday, May 15th. Citigroup dropped 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 research note on Thursday, April 2nd. Finally, Berenberg Bank restated a “buy” rating and set a GBX 897 price target on shares of Land Securities Group in a report on Thursday, May 14th. Six investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 641.33.

Land Securities Group Stock Performance

The firm has a 50-day moving average price of GBX 650.15 and a 200 day moving average price of GBX 625.57. The firm has a market capitalization of £5.27 billion, a PE ratio of 15.40, a price-to-earnings-growth ratio of 12.39 and a beta of 1.14. The company has a quick ratio of 0.54, a current ratio of 1.04 and a debt-to-equity ratio of 68.76.

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

Insider Buying and Selling

In other Land Securities Group news, insider Mark Allan sold 42,500 shares of Land Securities Group stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of GBX 597, for a total value of £253,725. In the last three months, insiders bought 145 shares of company stock worth $89,876. Company insiders own 0.53% of the company’s stock.

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.