Land Securities Group PLC (OTCMKTS:LSGOF – Get Free Report) shares gapped up before the market opened on Thursday after Jefferies Financial Group upgraded the stock from a moderate sell rating to a hold rating. The stock had previously closed at $8.1525, but opened at $8.6750. Land Securities Group shares last traded at $8.6750, with a volume of 976 shares trading hands.
Land Securities Group Stock Performance
The stock’s 50-day simple moving average is $9.00 and its 200 day simple moving average is $8.64. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.67 and a quick ratio of 0.67.
About Land Securities Group
Land Securities Group plc, commonly known as Landsec, is a United Kingdom-based real estate company that develops, owns and manages commercial and mixed-use property. Its activities include office buildings, retail destinations, leisure facilities and large-scale urban neighborhoods.
The company’s portfolio is concentrated primarily in London and other major areas of the United Kingdom. Landsec works across the property lifecycle, including development, asset management, leasing and the operation of properties for business, retail and leisure occupiers.
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