Land Securities Group (LON:LAND) Earns "Buy" Rating from Peel Hunt

Key Points

• Land Securities Group's stock received a "Buy" rating from Peel Hunt, with a target price of GBX 760, indicating a potential upside of 31.83% from its previous close.
• Insider trading activity included Mark Allan and Vanessa Simms selling substantial shares, with their transactions totaling over £1.4 million.
• The company has a current market cap of £4.29 billion and has experienced a 52-week price range between GBX 490.20 and GBX 662.

Land Securities Group (LON:LAND - Get Free Report)'s stock had its "buy" rating reissued by stock analysts at Peel Hunt in a research note issued to investors on Tuesday,Digital Look reports. They presently have a GBX 760 target price on the stock. Peel Hunt's price target indicates a potential upside of 31.83% from the stock's previous close.

Separately, JPMorgan Chase & Co. restated a "neutral" rating and issued a GBX 710 price target on shares of Land Securities Group in a research report on Friday, July 11th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of GBX 693.25.

Land Securities Group Stock Down 0.9%

Shares of LAND opened at GBX 576.50 on Tuesday. The company has a market cap of £4.29 billion, a PE ratio of 1,087.73, a P/E/G ratio of 12.39 and a beta of 1.44. The business has a fifty day moving average of GBX 567.91 and a 200 day moving average of GBX 581.31. Land Securities Group has a 52-week low of GBX 490.20 and a 52-week high of GBX 662. The company has a quick ratio of 0.54, a current ratio of 0.42 and a debt-to-equity ratio of 59.04.

Insider Buying and Selling at Land Securities Group

In other news, insider Mark Allan sold 154,631 shares of Land Securities Group stock in a transaction on Monday, July 28th. The stock was sold at an average price of GBX 590, for a total transaction of £912,322.90. Also, insider Vanessa Simms sold 86,205 shares of Land Securities Group stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of GBX 586, for a total value of £505,161.30. Over the last quarter, insiders have bought 105 shares of company stock valued at $59,550. Corporate insiders own 0.53% 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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