Jefferies Group Reiterates Hold Rating for Land Securities Group (LON:LAND)

Jefferies Group restated their hold rating on shares of Land Securities Group (LON:LAND) in a report published on Thursday, January 18th. They currently have a GBX 860 ($11.88) target price on the stock.

A number of other research firms also recently weighed in on LAND. Peel Hunt reiterated a hold rating and set a GBX 950 ($13.13) target price on shares of Land Securities Group in a research report on Wednesday, January 17th. Beaufort Securities reissued a long term buy rating and set a GBX 1,150 ($15.89) price target on shares of Land Securities Group in a report on Friday, October 20th. Liberum Capital raised Land Securities Group to a buy rating and upped their target price for the stock from GBX 1,050 ($14.51) to GBX 1,125 ($15.54) in a report on Monday, January 8th. JPMorgan Chase & Co. raised Land Securities Group to an overweight rating and set a GBX 1,200 ($16.58) target price for the company in a report on Monday, January 15th. Finally, Goldman Sachs Group reiterated a neutral rating and issued a GBX 1,114 ($15.39) price target on shares of Land Securities Group in a research report on Wednesday, September 27th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. Land Securities Group has a consensus rating of Hold and a consensus target price of GBX 1,059.67 ($14.64).

Land Securities Group (LON LAND) opened at GBX 937.70 ($12.96) on Thursday. The company has a market capitalization of $6,950.00 and a P/E ratio of 3,907.08. Land Securities Group has a one year low of GBX 912 ($12.60) and a one year high of GBX 1,141 ($15.76).

Land Securities Group (LON:LAND) last released its quarterly earnings results on Tuesday, November 14th. The company reported GBX 25.70 ($0.36) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 26.60 ($0.37) by GBX (0.90) (($0.01)). The firm had revenue of £366 million during the quarter. Land Securities Group had a negative net margin of 8.59% and a negative return on equity of 0.61%.

In other news, insider Martin F. Greenslade bought 8,000 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was acquired at an average cost of GBX 924 ($12.77) per share, with a total value of £73,920 ($102,127.66).

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Land Securities Group Company Profile

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.

Analyst Recommendations for Land Securities Group (LON:LAND)

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