Land Securities Group's (LAND) Hold Rating Reaffirmed at Jefferies Financial Group

Key Points

• Jefferies reaffirmed its Hold rating on Land Securities Group, maintaining a GBX 593 price target that implies 8.20% downside from the prior close.
• Analyst sentiment remains moderately positive overall, with six Buy ratings and four Holds; the consensus price target is GBX 654.33.
• Shares opened at GBX 646, while insiders have recently been net sellers, disposing of 257,194 shares over the past 90 days compared with only 69 shares purchased.

Land Securities Group (LON:LAND - Get Free Report)'s stock had its "hold" rating reaffirmed by equities researchers at Jefferies Financial Group in a report issued on Thursday, Digital Look reports. They currently have a GBX 593 target price on the stock. Jefferies Financial Group's target price suggests a potential downside of 8.20% from the stock's previous close.

Several other equities analysts also recently commented on the stock. Berenberg Bank dropped their price objective on shares of Land Securities Group from GBX 931 to GBX 863 and set a "buy" rating for the company in a research note on Wednesday. Deutsche Bank Aktiengesellschaft upped their price target on shares of Land Securities Group from GBX 730 to GBX 750 and gave the stock a "buy" rating in a report on Monday, October 5th. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of GBX 654.33.

Land Securities Group Stock Up 1.7%

Shares of LON LAND opened at GBX 646 on Thursday. The company has a market cap of £5.35 billion, a price-to-earnings ratio of 14.07, a PEG ratio of 12.39 and a beta of 1.15. The company has a current ratio of 1.04, a quick ratio of 0.54 and a debt-to-equity ratio of 68.76. Land Securities Group has a 12 month low of GBX 525 and a 12 month high of GBX 726. The stock has a 50-day moving average price of GBX 654.09 and a two-hundred day moving average price of GBX 638.44.

Insider Activity

In other news, insider Vanessa Simms sold 77,458 shares of the company's stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of GBX 706, for a total value of £546,853.48. Also, insider Mark Allan sold 53,273 shares of the firm's stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of GBX 706, for a total transaction of £376,107.38. Over the last 90 days, insiders have bought 69 shares of company stock worth $44,598 and have sold 257,194 shares worth $181,578,964. Insiders own 0.56% 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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