Land Securities Group Plc (LON:LAND) Stock Now Rated "Moderate Buy" by Wall Street Analysts

Key Points

• Analysts give Land Securities Group a “Moderate Buy” consensus: Six of ten analysts recommend buying the stock, while four rate it a hold. The average 12-month price target is GBX 654.33.
• Recent analyst actions were mixed but generally positive: Deutsche Bank raised its target to GBX 750, Berenberg lowered its target to GBX 863 while maintaining a buy rating, and Jefferies reiterated a hold rating with a GBX 593 target.
• Insiders were net sellers: Executives sold 257,194 shares over the past quarter, compared with just 69 shares purchased. The stock recently opened at GBX 657, within its 52-week range of GBX 525 to GBX 726.

Shares of Land Securities Group Plc (LON:LAND - Get Free Report) have earned an average rating of "Moderate Buy" from the ten analysts that are currently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is GBX 654.33.

Several research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Land Securities Group from GBX 730 to GBX 750 and gave the stock a "buy" rating in a research report on Monday, October 5th. Berenberg Bank cut their target price on shares of Land Securities Group from GBX 931 to GBX 863 and set a "buy" rating on the stock in a report on Wednesday, October 14th. Finally, Jefferies Financial Group restated a "hold" rating and set a GBX 593 target price on shares of Land Securities Group in a report on Thursday, October 15th.

Insider Buying and Selling

In other news, insider Vanessa Simms sold 77,458 shares of the business's stock in a transaction on Tuesday, July 28th. The shares were 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 Land Securities Group stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of GBX 706, for a total value of £376,107.38. Over the last quarter, insiders bought 69 shares of company stock worth $44,598 and sold 257,194 shares worth $181,578,964. 0.56% of the stock is owned by company insiders.

Land Securities Group Price Performance

Land Securities Group stock opened at GBX 657 on Friday. The company has a debt-to-equity ratio of 68.76, a quick ratio of 0.54 and a current ratio of 1.04. The firm has a market cap of £5.44 billion, a P/E ratio of 14.31, a P/E/G ratio of 12.39 and a beta of 1.15. Land Securities Group has a 52 week low of GBX 525 and a 52 week high of GBX 726. The business's fifty day moving average is GBX 647.32 and its two-hundred day moving average is GBX 642.60.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.