Land Securities Group (LON:LAND) Insider Sells 16,800 Shares of Stock

Key Points

• Insider Mark Allan sold 16,800 Land Securities shares on November 13 at an average price of GBX 701, for proceeds of £117,768. He had made several small purchases in recent months.
• Land Securities shares rose 0.9% to GBX 702 in Friday trading. The company reported quarterly EPS of GBX 25.90 and revenue of £443 million.
• Analysts’ consensus rating is “Moderate Buy”, based on six Buy and four Hold ratings; the consensus price target is GBX 654.33.

Land Securities Group Plc (LON:LAND - Get Free Report) insider Mark Allan sold 16,800 shares of the business's stock in a transaction dated Friday, November 13th. The stock was sold at an average price of GBX 701, for a total value of £117,768.

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

• On Wednesday, November 4th, Mark Allan purchased 22 shares of Land Securities Group stock. The stock was bought at an average cost of GBX 684 per share, with a total value of £150.48.
• On Monday, October 5th, Mark Allan bought 24 shares of Land Securities Group stock. The stock was purchased at an average cost of GBX 617 per share, for a total transaction of £148.08.
• 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.

Land Securities Group Trading Up 0.9%

Shares of LAND traded up GBX 6 during mid-day trading on Friday, reaching GBX 702. The company's stock had a trading volume of 3,452,908 shares, compared to its average volume of 27,348,457. Land Securities Group Plc has a 52 week low of GBX 525 and a 52 week high of GBX 726. The stock has a market cap of £5.82 billion, a PE ratio of 15.29, a P/E/G ratio of 12.39 and a beta of 1.15. The company's fifty day moving average price is GBX 643.57 and its two-hundred day moving average price is GBX 639.08. 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 (LON:LAND - Get Free Report) last issued its earnings results on Friday, November 13th. The company reported GBX 25.90 EPS for the quarter. The company had revenue of £443 million for the quarter. Land Securities Group had a net margin of 38.45% and a return on equity of 5.29%. On average, analysts predict that Land Securities Group Plc will post 49.84 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

LAND has been the topic of several research analyst reports. Jefferies Financial Group reissued a "hold" rating and set a GBX 593 target price on shares of Land Securities Group in a research note on Thursday, October 15th. Deutsche Bank upped their price objective 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. Finally, Berenberg Bank lowered their target price on Land Securities Group from GBX 931 to GBX 863 and set a "buy" rating for the company in a research note on Wednesday, October 14th. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 654.33.

About Land Securities Group

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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