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

Key Points

• Land Securities Group's stock (LON:LAND) recently crossed above its 200-day moving average, trading at GBX 594.51 after reaching a high of GBX 601.
• Recent analyst reports have provided a neutral rating from JPMorgan, while Peel Hunt has set a higher target with a buy rating and a price target of GBX 760.
• Insider trading activity included the sale of over 240,000 shares by insiders Mark Allan and Vanessa Simms, indicating potential shifts in confidence among executives.

Land Securities Group Plc (LON:LAND - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 582.35 ($7.82) and traded as high as GBX 601 ($8.07). Land Securities Group shares last traded at GBX 594.51 ($7.98), with a volume of 2,382,389 shares traded.

Wall Street Analyst Weigh In

LAND has been the topic of several recent research reports. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a GBX 710 target price on shares of Land Securities Group in a report on Friday, July 11th. Peel Hunt reiterated a "buy" rating and set a GBX 760 price target on shares of Land Securities Group in a research report on Tuesday, September 30th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, Land Securities Group has an average rating of "Hold" and an average price target of GBX 693.25.

Land Securities Group Price Performance

The company has a current ratio of 0.42, a quick ratio of 0.54 and a debt-to-equity ratio of 59.04. The firm has a market cap of £4.40 billion, a price-to-earnings ratio of 1,113.17, a price-to-earnings-growth ratio of 12.39 and a beta of 1.44. The company's 50-day moving average is GBX 568.51 and its 200-day moving average is GBX 582.35.

Insider Buying and Selling

In other Land Securities Group news, insider Mark Allan sold 154,631 shares of the firm's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of GBX 590, for a total value of £912,322.90. Also, insider Vanessa Simms sold 86,205 shares of the firm's 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. Company 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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