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.
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