Land Securities Group (LON:LAND) Insider Buys 24 Shares of Company Stock

Key Points

• Insider purchase: Mark Allan bought 24 Land Securities Group shares at GBX 617 each, worth £148.08. This follows a 23-share purchase in September but comes after selling 179,736 shares in July for approximately £1.27 million.
• Stock performance: Land Securities shares opened at GBX 620.50 and were up 0.3%. The stock has traded between GBX 525 and GBX 726 over the past year and has a market capitalization of about £4.62 billion.
• Analyst outlook: Analysts have a consensus “Moderate Buy” rating and an average target price of GBX 643.56, with Deutsche Bank raising its target to GBX 750 while Jefferies maintained an “underperform” rating with a GBX 462 target.

Land Securities Group Plc (LON:LAND - Get Free Report) insider Mark Allan acquired 24 shares of the stock in a transaction on Monday, October 5th. The shares were bought at an average price of GBX 617 per share, with a total value of £148.08.

Mark Allan also recently made the following trade(s):

• On Friday, September 4th, Mark Allan acquired 23 shares of Land Securities Group stock. The shares were purchased at an average cost of GBX 662 per share, for a total transaction of £152.26.
• On Tuesday, July 28th, Mark Allan sold 53,273 shares of Land Securities Group stock. The shares were sold at an average price of GBX 706, for a total transaction of £376,107.38.
• On Tuesday, July 28th, Mark Allan sold 126,463 shares of Land Securities Group stock. The shares were sold at an average price of GBX 706, for a total value of £892,828.78.

Land Securities Group Trading Up 0.3%

Land Securities Group stock opened at GBX 620.50 on Tuesday. The company has a debt-to-equity ratio of 68.76, a current ratio of 1.04 and a quick ratio of 0.54. The stock has a market capitalization of £4.62 billion, a PE ratio of 13.52, a price-to-earnings-growth ratio of 12.39 and a beta of 1.15. The business's fifty day moving average is GBX 668 and its 200 day moving average is GBX 635.55. Land Securities Group Plc has a one year low of GBX 525 and a one year high of GBX 726.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on LAND shares. Jefferies Financial Group reissued an "underperform" rating and issued a GBX 462 target price on shares of Land Securities Group in a report on Monday, September 28th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Land Securities Group from GBX 730 to GBX 750 and gave the company a "buy" rating in a research report on Monday. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Land Securities Group has an average rating of "Moderate Buy" and a consensus target price of GBX 643.56.

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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