Land Securities Group’s (LAND) Hold Rating Reaffirmed at Jefferies Financial Group

Land Securities Group (LON:LAND)‘s stock had its “hold” rating reissued by stock analysts at Jefferies Financial Group in a research note issued on Thursday, Digital Look reports. They currently have a GBX 593 target price on the stock. Jefferies Financial Group’s price target indicates a potential downside of 8.84% from the company’s previous close.

Other equities analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft lifted their target price on Land Securities Group from GBX 730 to GBX 750 and gave the company a “buy” rating in a research report on Monday, October 5th. Berenberg Bank decreased their price objective on Land Securities Group from GBX 931 to GBX 863 and set a “buy” rating on the stock in a research note on Wednesday. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Land Securities Group currently has an average rating of “Moderate Buy” and a consensus price target of GBX 654.33.

Land Securities Group Stock Performance

Shares of LON LAND traded down GBX 1 during midday trading on Thursday, reaching GBX 650.50. The company’s stock had a trading volume of 2,301,807 shares, compared to its average volume of 26,575,135. The stock has a market capitalization of £5.39 billion, a P/E ratio of 14.17, a PEG ratio of 12.39 and a beta of 1.15. 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 50 day moving average price of GBX 651.58 and a 200-day moving average price of GBX 639.41. Land Securities Group has a 12-month low of GBX 525 and a 12-month high of GBX 726.

Insiders Place Their Bets

In other news, insider Vanessa Simms sold 77,458 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 transaction of £546,853.48. Also, insider Mark Allan sold 126,463 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of GBX 706, for a total transaction of £892,828.78. Over the last quarter, insiders purchased 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 company 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.