Land Securities Group (LON:LAND) Shares Cross Above 200 Day Moving Average - Time to Sell?

Key Points

• Land Securities Group shares have crossed above their 200-day moving average, trading at GBX 586.50 ($7.83) after reaching a high of GBX 587.50 ($7.85).
• Analysts from JPMorgan Chase & Co. have reaffirmed a "neutral" rating on the stock with a price target of GBX 710 ($9.48).
• Insider transactions show significant sales, with two insiders selling over 240,000 shares recently, indicating potential concerns among management about stock performance.

Land Securities Group Plc (LON:LAND - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 582.84 ($7.79) and traded as high as GBX 587.50 ($7.85). Land Securities Group shares last traded at GBX 586.50 ($7.83), with a volume of 2,097,950 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a GBX 710 ($9.48) price target on shares of Land Securities Group in a report on Friday, July 11th.

Land Securities Group Price Performance

The firm has a market capitalization of £4.31 billion, a PE ratio of -13.51, a P/E/G ratio of 12.39 and a beta of 1.44. 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 business's 50 day moving average is GBX 605.60 and its two-hundred day moving average is GBX 582.84.

Land Securities Group (LON:LAND - Get Free Report) last issued its quarterly earnings results on Friday, May 16th. The company reported GBX 50.30 ($0.67) EPS for the quarter. Land Securities Group had a negative net margin of 38.71% and a negative return on equity of 4.88%. As a group, research analysts anticipate that Land Securities Group Plc will post 49.8433829 EPS for the current year.

Insider Transactions at Land Securities Group

In other news, insider Vanessa Simms sold 86,205 shares of the stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of GBX 586 ($7.83), for a total transaction of £505,161.30 ($674,808.04). Also, insider Mark Allan sold 154,631 shares of the firm's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of GBX 590 ($7.88), for a total value of £912,322.90 ($1,218,705.45). Insiders have acquired 98 shares of company stock worth $59,898 in the last 90 days. Company insiders own 0.60% of the company's stock.

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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