Land Securities Group (LON:LAND)‘s stock had its “hold” rating restated by analysts at Peel Hunt in a research note issued on Tuesday, ThisIsMoney.Co.Uk reports.
A number of other analysts have also recently weighed in on LAND. Liberum Capital reduced their target price on shares of Ab Dynamics from GBX 2,645 ($34.56) to GBX 2,625 ($34.30) and set a “buy” rating for the company in a report on Monday, May 20th. Royal Bank of Canada raised their target price on shares of from GBX 2,400 ($31.36) to GBX 2,800 ($36.59) and gave the stock an “outperform” rating in a report on Monday, June 24th. Barclays reduced their target price on shares of BT Group from GBX 250 ($3.27) to GBX 240 ($3.14) and set an “equal weight” rating for the company in a report on Friday, May 10th. JPMorgan Chase & Co. set a $195.00 target price on shares of bluebird bio and gave the stock a “buy” rating in a report on Friday, May 17th. Finally, Deutsche Bank restated a “hold” rating and set a GBX 350 ($4.57) target price on shares of in a report on Friday, July 5th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of GBX 941.73 ($12.31).
Shares of LON LAND traded down GBX 5 ($0.07) during mid-day trading on Tuesday, reaching GBX 832.80 ($10.88). 1,452,873 shares of the company traded hands, compared to its average volume of 2,210,000. Land Securities Group has a fifty-two week low of GBX 784.20 ($10.25) and a fifty-two week high of GBX 957.20 ($12.51). The company has a debt-to-equity ratio of 38.12, a quick ratio of 0.35 and a current ratio of 0.42. The firm has a market capitalization of $6.17 billion and a price-to-earnings ratio of -51.73. The company has a fifty day moving average of GBX 838.82.
In other news, insider Madeleine Cosgrave acquired 4,700 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The stock was purchased at an average price of GBX 841 ($10.99) per share, with a total value of £39,527 ($51,649.03). Also, insider Nicholas Cadbury acquired 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The stock was purchased at an average cost of GBX 888 ($11.60) per share, with a total value of £26,640 ($34,809.88).
About Land Securities Group
At Landsec, we believe great places are for people to experience and are made with the experience of great people. Across 24 million sq ft of real estate and a portfolio valued at £14.1 billion, we own and manage some of the most successful and recognisable assets in the country. In London, our portfolio totals more than £7.8 billion, and consists of 6.4 million sq ft of real estate.
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