Land Securities Group (LON:LAND) Stock Price Passes Above 200-Day Moving Average of $642.60

Land Securities Group Plc (LON:LAND)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 642.60 ($8.07) and traded as high as GBX 659.50 ($8.28). Land Securities Group shares last traded at GBX 657.50 ($8.26), with a volume of 2,485,752 shares.

Analyst Ratings Changes

LAND has been the topic of several analyst reports. Berenberg Bank initiated coverage on shares of Land Securities Group in a research report on Wednesday, January 10th. They set a “buy” rating and a GBX 807 ($10.14) price target on the stock. Barclays boosted their price target on shares of Land Securities Group from GBX 700 ($8.79) to GBX 730 ($9.17) and gave the stock an “overweight” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of GBX 683.67 ($8.59).

Land Securities Group Stock Up 1.4 %

The company has a market capitalization of £4.97 billion, a price-to-earnings ratio of -813.41, a price-to-earnings-growth ratio of 12.39 and a beta of 1.45. The firm’s 50 day moving average price is GBX 635.28 and its two-hundred day moving average price is GBX 642.60. The company has a current ratio of 0.49, a quick ratio of 0.54 and a debt-to-equity ratio of 56.72.

Land Securities Group Company Profile

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.