Berenberg Bank Reaffirms Buy Rating for Land Securities Group (LON:LAND)

Land Securities Group (LON:LAND)‘s stock had its “buy” rating restated by research analysts at Berenberg Bank in a research note issued to investors on Thursday,Digital Look reports. They presently have a GBX 897 price target on the stock. Berenberg Bank’s price target points to a potential upside of 55.76% from the stock’s current price.

Several other equities research analysts have also issued reports on the company. The Goldman Sachs Group raised Land Securities Group to a “buy” rating and dropped their price target for the stock from GBX 710 to GBX 690 in a research note on Monday, March 30th. Citigroup lowered their price objective 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, UBS Group restated a “buy” rating and issued a GBX 705 price objective on shares of Land Securities Group in a report on Monday, May 11th. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 641.33.

Land Securities Group Stock Down 1.3%

LAND stock opened at GBX 575.90 on Thursday. The company has a market cap of £4.29 billion, a PE ratio of 17.29, a price-to-earnings-growth ratio of 12.39 and a beta of 1.13. Land Securities Group has a 52 week low of GBX 522.50 and a 52 week high of GBX 678.50. The business has a 50-day simple moving average of GBX 582.33 and a 200 day simple moving average of GBX 612.75. 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 company had revenue of £892 million during the quarter. Land Securities Group had a return on equity of 5.29% and a net margin of 38.45%. Sell-side analysts anticipate that Land Securities Group will post 49.8433829 EPS for the current fiscal year.

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.