Land Securities Group (LAND) Given “Hold” Rating at Peel Hunt
Land Securities Group (LON:LAND)‘s stock had its “hold” rating reissued by equities research analysts at Peel Hunt in a note issued to investors on Wednesday. They currently have a GBX 950 ($12.88) target price on the stock. Peel Hunt’s price target would indicate a potential downside of 3.97% from the stock’s current price.
A number of other analysts have also issued reports on the stock. JPMorgan Chase & Co. raised shares of Land Securities Group to an “overweight” rating and set a GBX 1,200 ($16.27) price target for the company in a research report on Monday. Liberum Capital raised shares of Land Securities Group to a “buy” rating and increased their price target for the stock from GBX 1,050 ($14.24) to GBX 1,125 ($15.26) in a research report on Monday, January 8th. Credit Suisse Group lowered shares of Land Securities Group to a “neutral” rating and reduced their price target for the stock from GBX 1,140.74 ($15.47) to GBX 1,035 ($14.04) in a research report on Wednesday, December 6th. Numis Securities reissued a “hold” rating and issued a GBX 976 ($13.24) price target on shares of Land Securities Group in a research report on Thursday, November 30th. Finally, Jefferies Group reissued a “hold” rating and issued a GBX 875 ($11.87) price target on shares of Land Securities Group in a research report on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of GBX 1,059.67 ($14.37).
Shares of Land Securities Group (LON:LAND) opened at GBX 989.30 ($13.42) on Wednesday. Land Securities Group has a 52 week low of GBX 912 ($12.37) and a 52 week high of GBX 1,141 ($15.47). The company has a market cap of $7,360.00 and a PE ratio of 4,122.08.
In other Land Securities Group news, insider Martin F. Greenslade acquired 8,000 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were purchased at an average price of GBX 924 ($12.53) per share, with a total value of £73,920 ($100,244.10). Also, insider Robert Noel acquired 18,365 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The shares were acquired at an average cost of GBX 933 ($12.65) per share, for a total transaction of £171,345.45 ($232,364.32).
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Land Securities Group Company Profile
Land Securities Group PLC is a United Kingdom-based holding company. The Company is a real estate investment trust (REIT). The Company operates through two segments: Retail Portfolio and the London Portfolio. The Company’s Retail Portfolio includes all the shopping centers and shops (excluding central London shops), hotels and leisure assets, and retail warehouse properties.
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