Land Securities Group (OTCMKTS:LDSCY) Stock Price Up 0.2% – Here’s Why

Land Securities Group Plc (OTCMKTS:LDSCY)’s stock price traded up 0.2% during trading on Friday. The company traded as high as $8.70 and last traded at $8.61. Approximately 79,785 shares changed hands during mid-day trading, a decline of 27% from the average daily volume of 108,855 shares. The stock had previously closed at $8.59.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Jefferies Financial Group upgraded Land Securities Group to a “hold” rating in a research note on Wednesday. Barclays reiterated an “overweight” rating on shares of Land Securities Group in a research report on Monday, August 24th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Land Securities Group Stock Performance

The stock has a 50 day simple moving average of $8.78 and a two-hundred day simple moving average of $8.64.

About Land Securities Group

Land Securities Group plc, commonly known as Landsec, is a United Kingdom-based commercial property company. It owns, develops, and manages a diversified portfolio of office, retail, leisure, and mixed-use properties, with a particular focus on major urban locations.

The company’s activities include property investment, development, asset management, and the creation of mixed-use destinations that combine workplaces, shops, restaurants, entertainment venues, and residential accommodation.