Lendlease Group (OTCMKTS:LLESY) Stock Price Up 9% – Should You Buy?

Lendlease Group (OTCMKTS:LLESY) shot up 9% during trading on Friday . The company traded as high as $2.35 and last traded at $2.35. 3,173 shares changed hands during mid-day trading, an increase of 251% from the average session volume of 903 shares. The stock had previously closed at $2.1550.

Analysts Set New Price Targets

Separately, Zacks Research raised Lendlease Group to a “hold” rating in a research note on Tuesday, April 7th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Lendlease Group Stock Up 9.0%

The company’s fifty day simple moving average is $2.56 and its two-hundred day simple moving average is $3.13.

About Lendlease Group

Lendlease Group is a multinational property and infrastructure company headquartered in Sydney, Australia. The firm specializes in end-to-end capabilities spanning development, construction, project management, investment, and asset and property management. Its offerings cover residential, commercial, retail, logistics, and social infrastructure sectors, with a focus on sustainable and integrated urban regeneration.

Founded in 1958 by Dutch-born engineer Dick Dusseldorp, Lendlease has grown from its origins in Australian housing development to become a global player.