Land Securities Group (LON:LAND) Insider Buys £146.96 in Stock

Land Securities Group Plc (LON:LAND) insider Mark Allan purchased 22 shares of the firm’s stock in a transaction on Wednesday, February 4th. The shares were purchased at an average cost of GBX 668 per share, with a total value of £146.96.

Mark Allan also recently made the following trade(s):

• On Monday, January 5th, Mark Allan purchased 24 shares of Land Securities Group stock. The shares were purchased at an average price of GBX 618 per share, for a total transaction of £148.32.
• On Thursday, December 4th, Mark Allan acquired 24 shares of Land Securities Group stock. The stock was purchased at an average price of GBX 620 per share, with a total value of £148.80.

Land Securities Group Trading Down 0.9%

Shares of LAND stock opened at GBX 660 on Monday. The stock has a 50-day simple moving average of GBX 625 and a 200 day simple moving average of GBX 602.48. The stock has a market capitalization of £4.92 billion, a P/E ratio of 19.82, a P/E/G ratio of 12.39 and a beta of 1.44. Land Securities Group Plc has a fifty-two week low of GBX 490.20 and a fifty-two week high of GBX 676.50. The company has a quick ratio of 0.54, a current ratio of 0.42 and a debt-to-equity ratio of 59.04.

Land Securities Group (LON:LAND) last issued its quarterly earnings results on Friday, November 14th. The company reported GBX 25.80 earnings per share for the quarter. Land Securities Group had a negative net margin of 38.71% and a negative return on equity of 4.88%. On average, sell-side analysts expect that Land Securities Group Plc will post 49.8433829 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on LAND shares. Jefferies Financial Group reaffirmed an “underperform” rating and issued a GBX 475 price target on shares of Land Securities Group in a report on Monday, November 17th. JPMorgan Chase & Co. lifted their target price on Land Securities Group from GBX 425 to GBX 440 and gave the stock a “neutral” rating in a report on Thursday, November 27th. Berenberg Bank reduced their target price on Land Securities Group from GBX 917 to GBX 897 and set a “buy” rating for the company in a report on Monday, January 26th. UBS Group reiterated a “buy” rating and issued a GBX 725 price target on shares of Land Securities Group in a research report on Friday, November 7th. Finally, Shore Capital Group reissued a “hold” rating on shares of Land Securities Group in a research note on Friday, November 14th. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 644.43.

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.