Berenberg Bank Has Lowered Expectations for Land Securities Group (LON:LAND) Stock Price

Land Securities Group (LON:LAND) had its price objective reduced by stock analysts at Berenberg Bank from GBX 931 to GBX 863 in a research report issued on Wednesday, Digital Look reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s target price indicates a potential upside of 36.88% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft upped their target price on shares of Land Securities Group from GBX 730 to GBX 750 and gave the stock a “buy” rating in a report on Monday, October 5th. Jefferies Financial Group reissued an “underperform” rating and issued a GBX 462 target price on shares of Land Securities Group in a report on Monday, September 28th. Six research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of GBX 639.78.

Land Securities Group Stock Performance

LON:LAND opened at GBX 630.50 on Wednesday. Land Securities Group has a 52-week low of GBX 525 and a 52-week high of GBX 726. The company has a debt-to-equity ratio of 68.76, a quick ratio of 0.54 and a current ratio of 1.04. The firm has a market capitalization of £5.22 billion, a PE ratio of 13.74, a P/E/G ratio of 12.39 and a beta of 1.15. The stock has a 50-day simple moving average of GBX 655.82 and a two-hundred day simple moving average of GBX 637.81.

Insider Buying and Selling at Land Securities Group

In other Land Securities Group news, insider Vanessa Simms sold 77,458 shares of the stock in a transaction 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 firm’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of GBX 706, for a total transaction of £892,828.78. In the last ninety days, insiders acquired 69 shares of company stock worth $44,598 and sold 257,194 shares worth $181,578,964. Corporate insiders own 0.56% of the company’s stock.

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.