Jefferies Financial Group Reaffirms “Hold” Rating for Land Securities Group (LON:LAND)

Land Securities Group (LON:LAND)‘s stock had its “hold” rating restated by investment analysts at Jefferies Financial Group in a note issued to investors on Thursday, Digital Look reports. They currently have a GBX 593 price objective on the stock. Jefferies Financial Group’s price target indicates a potential downside of 9.26% from the stock’s previous close.

A number of other equities analysts have also recently commented on LAND. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Land Securities Group from GBX 730 to GBX 750 and gave the stock a “buy” rating in a research report on Monday, October 5th. Berenberg Bank cut their price target on shares of Land Securities Group from GBX 931 to GBX 863 and set a “buy” rating for the company in a research report on Wednesday, October 14th. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Land Securities Group currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 654.33.

Land Securities Group Stock Down 0.4%

Shares of LON LAND opened at GBX 653.50 on Thursday. Land Securities Group has a one year low of GBX 525 and a one year high of GBX 726. 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’s 50 day simple moving average is GBX 650.49 and its two-hundred day simple moving average is GBX 640.74. The stock has a market capitalization of £5.41 billion, a P/E ratio of 14.24, a PEG ratio of 12.39 and a beta of 1.15.

Insider Buying and Selling

In other Land Securities Group news, insider Vanessa Simms sold 77,458 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of GBX 706, for a total value of £546,853.48. Also, insider Mark Allan sold 126,463 shares of the stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of GBX 706, for a total value of £892,828.78. Over the last ninety days, insiders acquired 69 shares of company stock worth $44,598 and sold 257,194 shares worth $181,578,964. 0.56% of the stock is owned by insiders.

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.