Land Securities Group (LON:LAND) Stock Price Crosses Above 200 Day Moving Average - Here's Why

Land Securities Group Plc (LON:LAND - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 577.30 ($7.83) and traded as high as GBX 625 ($8.48). Land Securities Group shares last traded at GBX 622.90 ($8.45), with a volume of 2,779,362 shares.

Analyst Ratings Changes

Separately, Jefferies Financial Group reissued a "hold" rating and set a GBX 557 ($7.56) target price on shares of Land Securities Group in a research report on Monday, March 3rd.

Land Securities Group Trading Down 0.9%

The company has a debt-to-equity ratio of 59.04, a current ratio of 0.42 and a quick ratio of 0.54. The firm has a market cap of £4.57 billion, a price-to-earnings ratio of -14.32, a price-to-earnings-growth ratio of 12.39 and a beta of 1.44. The firm's fifty day moving average is GBX 591.12 and its 200-day moving average is GBX 577.30.

Land Securities Group (LON:LAND - Get Free Report) last announced its quarterly earnings data on Friday, May 16th. The company reported GBX 50.30 ($0.68) earnings per share (EPS) for the quarter. Land Securities Group had a negative return on equity of 4.88% and a negative net margin of 38.71%. Equities analysts anticipate that Land Securities Group Plc will post 49.8433829 earnings per share for the current year.

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.