Land Securities Group (OTCMKTS:LSGOF) Shares Gap Up – What’s Next?

Land Securities Group PLC (OTCMKTS:LSGOF)’s share price gapped up before the market opened on Monday. The stock had previously closed at $8.1525, but opened at $9.01. Land Securities Group shares last traded at $9.01, with a volume of 918 shares.

Analysts Set New Price Targets

Separately, Jefferies Financial Group raised Land Securities Group from a “moderate sell” rating to a “hold” rating in a report on Wednesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Land Securities Group presently has an average rating of “Buy”.

Land Securities Group Price Performance

The firm’s 50-day moving average price is $8.80 and its 200 day moving average price is $8.67. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.57.

About Land Securities Group

Land Securities Group plc, commonly known as Landsec, is a United Kingdom-based real estate company that develops, owns and manages commercial property. Its portfolio includes offices, retail destinations, leisure facilities and mixed-use developments, with a particular focus on prominent locations in London and other major UK cities.

The company’s activities span property investment, development, asset management and the operation of retail and leisure destinations. Landsec also develops urban neighborhoods that combine residential, commercial, retail and public spaces, with projects designed to support businesses, residents and visitors.

Established in 1944, Landsec has evolved into one of the UK’s major property companies.