Land Securities Group (LON:LAND) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Land Securities Group Plc (LON:LAND) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 595.45 and traded as high as GBX 608.50. Land Securities Group shares last traded at GBX 607.50, with a volume of 801,601 shares traded.

Analysts Set New Price Targets

A number of research analysts recently commented on LAND shares. Jefferies Financial Group reaffirmed an “underperform” rating and set a GBX 475 price objective on shares of Land Securities Group in a research report on Monday, November 17th. JPMorgan Chase & Co. lifted their target price on shares of Land Securities Group from GBX 425 to GBX 440 and gave the company a “neutral” rating in a research note on Thursday, November 27th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Land Securities Group from GBX 760 to GBX 730 and set a “buy” rating on the stock in a research note on Friday, November 14th. Panmure Gordon upgraded Land Securities Group to a “buy” rating and increased their price objective for the stock from GBX 424 to GBX 494 in a report on Tuesday, December 2nd. Finally, UBS Group reissued a “buy” rating and set a GBX 725 price objective on shares of Land Securities Group in a research report on Friday, November 7th. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of GBX 602.33.

Land Securities Group Price Performance

The company has a quick ratio of 0.54, a current ratio of 0.42 and a debt-to-equity ratio of 59.04. The company has a market capitalization of £4.53 billion, a P/E ratio of 18.24, a P/E/G ratio of 12.39 and a beta of 1.44. The company’s 50-day simple moving average is GBX 614.66 and its 200 day simple moving average is GBX 595.45.

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

Insider Transactions at Land Securities Group

In related news, insider Baroness Casey acquired 500 shares of the stock in a transaction dated Monday, November 17th. The shares were acquired at an average price of GBX 615 per share, with a total value of £3,075. Also, insider Anne Richards acquired 16,497 shares of the business’s stock in a transaction that occurred on Thursday, December 18th. The stock was bought at an average cost of GBX 603 per share, for a total transaction of £99,476.91. In the last three months, insiders have bought 17,145 shares of company stock worth $10,345,427. 0.53% of the stock is currently owned by 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.