Land Securities Group plc (LON:LAND)’s share price traded down 0% during trading on Wednesday . The company traded as low as GBX 930.70 ($12.86) and last traded at GBX 930.70 ($12.86). 1,992,321 shares were traded during trading, a decline of 13% from the average session volume of 2,280,000 shares. The stock had previously closed at GBX 930.70 ($12.86).
A number of equities analysts have recently commented on the company. Jefferies Group reissued a “hold” rating and set a GBX 860 ($11.88) price objective on shares of Land Securities Group in a research report on Thursday, January 18th. Peel Hunt reissued a “hold” rating and set a GBX 950 ($13.13) price objective on shares of Land Securities Group in a research report on Wednesday, January 17th. JPMorgan Chase & Co. raised Land Securities Group to an “overweight” rating and set a GBX 1,200 ($16.58) price objective for the company in a research report on Monday, January 15th. Liberum Capital raised Land Securities Group to a “buy” rating and boosted their price objective for the stock from GBX 1,050 ($14.51) to GBX 1,125 ($15.54) in a research report on Monday, January 8th. Finally, Credit Suisse Group downgraded Land Securities Group to a “neutral” rating and lowered their price objective for the stock from GBX 1,140.74 ($15.76) to GBX 1,035 ($14.30) in a research report on Wednesday, December 6th. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 1,059.67 ($14.64).
The stock has a market capitalization of $6,900.00 and a price-to-earnings ratio of 3,877.92.
Land Securities Group (LON:LAND) last announced 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 Zacks’ consensus estimate of GBX 26.60 ($0.37) by GBX (0.90) (($0.01)). The business 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 Land Securities Group news, insider Martin F. Greenslade purchased 8,000 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was purchased 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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