Jefferies Financial Group Reaffirms Underperform Rating for Land Securities Group (LON:LAND)

Land Securities Group (LON:LAND)‘s stock had its “underperform” rating reissued by stock analysts at Jefferies Financial Group in a report released on Friday,London Stock Exchange reports. They presently have a GBX 462 price target on the stock. Jefferies Financial Group’s price target indicates a potential downside of 19.16% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on the company. UBS Group reiterated a “buy” rating and set a GBX 705 price objective on shares of Land Securities Group in a research note on Monday. The Goldman Sachs Group raised shares of Land Securities Group to a “buy” rating and decreased their target price for the company from GBX 710 to GBX 690 in a research note on Monday, March 30th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 897 price target on shares of Land Securities Group in a research report on Thursday. Finally, Citigroup cut their price target on shares of 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 investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 641.33.

Land Securities Group Stock Down 2.1%

Shares of LON LAND traded down GBX 12 during mid-day trading on Friday, hitting GBX 571.50. The company had a trading volume of 38,952,234 shares, compared to its average volume of 16,056,674. The company has a current ratio of 0.78, a quick ratio of 0.54 and a debt-to-equity ratio of 72.33. The firm has a 50-day simple moving average of GBX 583.35 and a two-hundred day simple moving average of GBX 613.01. The company has a market capitalization of £4.26 billion, a PE ratio of 17.16, a price-to-earnings-growth ratio of 12.39 and a beta of 1.13. Land Securities Group has a one year low of GBX 522.50 and a one year high of GBX 678.50.

Land Securities Group (LON:LAND) last released its earnings results on Thursday, May 14th. The company reported GBX 51.40 earnings per share (EPS) for the quarter. Land Securities Group had a return on equity of 3.85% and a net margin of 27.98%.The business had revenue of £892 million for the quarter. On average, equities analysts expect that Land Securities Group will post 49.8433829 EPS for the current 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.