Land Securities Group (LON:LAND) Sets New 12-Month High - Here's Why

Key Points

• Land Securities Group's share price hit a new 52-week high of GBX 642 ($8.58), with a trading volume of over 15 million shares.
• Analysts have mixed opinions on the stock, with Peel Hunt maintaining a "buy" rating and a price target of GBX 760, while JPMorgan issued a "neutral" rating with a GBX 710 target.
• Insider transactions include significant stock sales by executives, with Vanessa Simms selling over 86,000 shares and Mark Allan selling about 154,000 shares in late July.

Land Securities Group Plc (LON:LAND - Get Free Report)'s share price reached a new 52-week high on Wednesday . The company traded as high as GBX 642 ($8.58) and last traded at GBX 641.24 ($8.57), with a volume of 15336049 shares traded. The stock had previously closed at GBX 627.50 ($8.39).

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LAND. Peel Hunt reissued a "buy" rating and issued a GBX 760 price objective on shares of Land Securities Group in a research report on Tuesday, September 30th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a GBX 710 price objective on shares of Land Securities Group in a research report on Friday, July 11th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Land Securities Group presently has an average rating of "Hold" and an average target price of GBX 693.25.

Land Securities Group Trading Up 2.2%

The firm has a market capitalization of £4.78 billion, a PE ratio of 12.10, a price-to-earnings-growth ratio of 12.39 and a beta of 1.44. The stock's 50-day moving average price is GBX 574.22 and its 200 day moving average price is GBX 586.34. The company has a debt-to-equity ratio of 59.04, a current ratio of 0.42 and a quick ratio of 0.54.

Insider Buying and Selling

In related news, insider Vanessa Simms sold 86,205 shares of Land Securities Group stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of GBX 586, for a total transaction of £505,161.30. Also, insider Mark Allan sold 154,631 shares of Land Securities Group stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of GBX 590, for a total transaction of £912,322.90. Over the last ninety days, insiders have bought 106 shares of company stock worth $59,943. 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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