Land Securities Group (LON:LAND) Stock Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Land Securities Group shares exceeded their 200-day moving average, closing at GBX 590.50 ($7.89) with a volume of 1,514,171 shares on Monday.
• JPMorgan Chase & Co. has maintained a "neutral" rating for Land Securities Group, with a price target of GBX 710 ($9.49).
• The company reported a negative net margin of 38.71% and a negative return on equity of 4.88% in its recent quarterly earnings.

Land Securities Group Plc (LON:LAND - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 581.92 ($7.69) and traded as high as GBX 591.50 ($7.81). Land Securities Group shares last traded at GBX 590.50 ($7.80), with a volume of 1,514,171 shares traded.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reissued a "neutral" rating and set a GBX 710 ($9.38) price target on shares of Land Securities Group in a report on Friday, July 11th.

Land Securities Group Stock Down 0.7%

The firm has a market cap of £4.25 billion, a price-to-earnings ratio of -13.30, a price-to-earnings-growth ratio of 12.39 and a beta of 1.44. The stock's 50 day moving average is GBX 607.56 and its 200 day moving average is GBX 582.22. The company has a quick ratio of 0.54, a current ratio of 0.42 and a debt-to-equity ratio of 59.04.

Land Securities Group (LON:LAND - Get Free Report) last released its earnings results on Friday, May 16th. The company reported GBX 50.30 ($0.66) earnings per share for the quarter. Land Securities Group had a negative return on equity of 4.88% and a negative net margin of 38.71%. Analysts forecast that Land Securities Group Plc will post 49.8433829 EPS for the current year.

Insider Transactions at Land Securities Group

In other Land Securities Group news, insider Mark Allan sold 154,631 shares of the company's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of GBX 590 ($7.79), for a total value of £912,322.90 ($1,205,182.17). Also, insider Vanessa Simms sold 86,205 shares of the firm's stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of GBX 586 ($7.74), for a total transaction of £505,161.30 ($667,320.08). Over the last ninety days, insiders have purchased 98 shares of company stock worth $59,898. 0.60% of the stock is owned by corporate insiders.

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.