Land Securities Group (LON:LAND) Price Target Raised to GBX 750

Key Points

• Deutsche Bank raised Land Securities Group’s price target to GBX 750 from GBX 730 and maintained a “buy” rating, implying 21.07% upside from the previous close.
• Analyst sentiment is mixed but leans positive: Land Securities has a consensus “Moderate Buy” rating and an average target price of GBX 643.56, while Jefferies maintained an “underperform” rating with a GBX 462 target.
• Shares opened at GBX 619.50 and rose 0.7%; meanwhile, company insiders sold 257,194 shares worth approximately £181.6 million over the past 90 days.

Land Securities Group (LON:LAND - Get Free Report) had its target price boosted by Deutsche Bank Aktiengesellschaft from GBX 730 to GBX 750 in a note issued to investors on Monday, London Stock Exchange reports. The firm currently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's target price points to a potential upside of 21.07% from the company's previous close.

Separately, Jefferies Financial Group reissued an "underperform" rating and issued a GBX 462 price objective on shares of Land Securities Group in a research note on Monday, September 28th. Six research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Land Securities Group currently has a consensus rating of "Moderate Buy" and an average target price of GBX 643.56.

Land Securities Group Trading Up 0.7%

LAND opened at GBX 619.50 on Monday. The company's 50 day moving average is GBX 669.61 and its 200-day moving average is GBX 635.39. Land Securities Group has a 1-year low of GBX 525 and a 1-year high of GBX 726. The company has a current ratio of 1.04, a quick ratio of 0.54 and a debt-to-equity ratio of 68.76. The company has a market cap of £4.62 billion, a P/E ratio of 13.50, a PEG ratio of 12.39 and a beta of 1.15.

Insider Transactions at Land Securities Group

In other news, insider Vanessa Simms sold 77,458 shares of Land Securities Group stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of GBX 706, for a total transaction of £546,853.48. Also, insider Mark Allan sold 126,463 shares of the business's stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of GBX 706, for a total value of £892,828.78. In the last ninety days, insiders sold 257,194 shares of company stock valued at $181,578,964. Insiders own 0.55% of the company's stock.

Land Securities Group Company Profile

At Landsec, we build and invest in buildings, spaces and partnerships to create sustainable places, connect communities and realise potential. We are one of the largest real estate companies in Europe, with a £12 billion portfolio of retail, leisure, workspace and residential hubs. Landsec is shaping a better future by leading our industry on environmental and social sustainability while delivering value for our shareholders, great experiences for our guests and positive change for our communities.

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