Land Securities Group (LON:LAND) Reaches New 52-Week High – Should You Buy?

Land Securities Group Plc (LON:LAND) shares reached a new 52-week high on Tuesday . The company traded as high as GBX 710 and last traded at GBX 706.94, with a volume of 1881193 shares traded. The stock had previously closed at GBX 699.

Analyst Ratings Changes

A number of analysts have commented on LAND shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 730 target price on shares of Land Securities Group in a research report on Friday, May 15th. Citigroup dropped their price target on Land Securities Group from GBX 627 to GBX 604 and set a “neutral” rating for the company in a research report on Thursday, April 2nd. UBS Group reaffirmed a “buy” rating and set a GBX 705 price target on shares of Land Securities Group in a research note on Monday, May 11th. Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 462 price objective on shares of Land Securities Group in a research report on Friday, May 15th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 897 price objective on shares of Land Securities Group in a research note on Thursday, May 14th. Six investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 641.33.

Land Securities Group Price Performance

The company has a debt-to-equity ratio of 68.76, a quick ratio of 0.54 and a current ratio of 1.04. The company has a 50-day moving average of GBX 654.40 and a 200-day moving average of GBX 626.51. The stock has a market capitalization of £5.37 billion, a price-to-earnings ratio of 15.71, a P/E/G ratio of 12.39 and a beta of 1.14.

Land Securities Group (LON:LAND) last announced its earnings results on Thursday, May 14th. The company reported GBX 51.40 EPS for the quarter. The firm had revenue of £892 million for the quarter. Land Securities Group had a return on equity of 5.29% and a net margin of 38.45%. As a group, equities research analysts expect that Land Securities Group Plc will post 49.8433829 earnings per share for the current fiscal year.

Insider Buying and Selling at Land Securities Group

In other news, insider Vanessa Simms sold 77,458 shares of the company’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of GBX 706, for a total value of £546,853.48. Also, insider Mark Allan sold 53,273 shares of Land Securities Group stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of GBX 706, for a total value of £376,107.38. Over the last 90 days, insiders bought 145 shares of company stock worth $89,876 and sold 299,694 shares worth $206,951,464. 0.53% of the stock is owned by corporate insiders.

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.