Land Securities Group (LON:LAND) Hits New 12-Month High – What’s Next?

Land Securities Group Plc (LON:LAND) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 705.50 and last traded at GBX 697.50, with a volume of 2144689 shares trading hands. The stock had previously closed at GBX 700.50.

Analyst Ratings Changes

LAND has been the topic of a number of research analyst reports. Jefferies Financial Group restated an “underperform” rating and set a GBX 462 price objective on shares of Land Securities Group in a research report on Friday, May 15th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 730 price target on shares of Land Securities Group in a report on Friday, May 15th. The Goldman Sachs Group upgraded Land Securities Group to a “buy” rating and reduced their price objective for the company from GBX 710 to GBX 690 in a research report on Monday, March 30th. UBS Group reissued a “buy” rating and issued a GBX 705 target price on shares of Land Securities Group in a report on Monday, May 11th. Finally, Citigroup cut their price target on 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. Six analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 641.33.

Land Securities Group Stock Performance

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 business has a 50-day simple moving average of GBX 643.64 and a 200 day simple moving average of GBX 624.13. The firm has a market cap of £5.24 billion, a PE ratio of 15.33, a PEG ratio of 12.39 and a beta of 1.14.

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

Insider Buying and Selling

In other Land Securities Group news, insider Mark Allan sold 42,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of GBX 597, for a total transaction of £253,725. In the last quarter, insiders have purchased 145 shares of company stock worth $89,876. 0.53% of the stock is currently owned by company insiders.

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.