J P Morgan Chase & Co reiterated their neutral rating on shares of Land Securities Group plc (LON:LAND) in a report released on Wednesday morning. J P Morgan Chase & Co currently has a GBX 1,200 ($15.78) target price on the stock.
A number of other analysts also recently issued reports on the stock. Liberum Capital reiterated a hold rating and issued a GBX 1,050 ($13.81) price target on shares of Land Securities Group plc in a report on Tuesday, September 12th. Credit Suisse Group reiterated an outperform rating and issued a GBX 1,140 ($14.99) price target on shares of Land Securities Group plc in a report on Wednesday, September 13th. Deutsche Bank AG lifted their price target on shares of Land Securities Group plc from GBX 1,000 ($13.15) to GBX 1,050 ($13.81) and gave the company a hold rating in a report on Monday, September 11th. downgraded shares of Land Securities Group plc to a hold rating and reduced their price target for the company from GBX 1,210 ($15.91) to GBX 1,081 ($14.22) in a report on Wednesday, September 6th. Finally, Numis Securities Ltd restated a hold rating and issued a GBX 1,077 ($14.17) target price on shares of Land Securities Group plc in a report on Monday, September 18th. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of GBX 1,103.23 ($14.51).
Shares of Land Securities Group plc (LAND) opened at GBX 932.50 ($12.26) on Wednesday. Land Securities Group plc has a 52-week low of GBX 913.50 ($12.01) and a 52-week high of GBX 1,141 ($15.01).
Land Securities Group plc (LON:LAND) last announced its quarterly earnings results on Tuesday, November 14th. The company reported GBX 25.70 ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of GBX 26.60 ($0.35) by GBX (0.90) (($0.01)). The company had revenue of £366 million during the quarter. Land Securities Group plc had a net margin of 50.86% and a return on equity of 3.63%.
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In related news, insider Robert Noel acquired 18,365 shares of the stock in a transaction on Tuesday, November 14th. The stock was bought at an average cost of GBX 933 ($12.27) per share, with a total value of £171,345.45 ($225,365.58). Also, insider Alison J. Carnwath acquired 10,050 shares of the stock in a transaction on Monday, September 18th. The stock was bought at an average cost of GBX 978 ($12.86) per share, with a total value of £98,289 ($129,276.60).
About Land Securities Group plc
Land Securities Group PLC is a United Kingdom-based holding company. The Company is a real estate investment trust (REIT). The Company operates through two segments: Retail Portfolio and the London Portfolio. The Company’s Retail Portfolio includes all the shopping centers and shops (excluding central London shops), hotels and leisure assets, and retail warehouse properties.
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