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

Land Securities Group logo with Real Estate background

Land Securities Group Plc (LON:LAND - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 578.08 ($7.77) and traded as high as GBX 631.50 ($8.49). Land Securities Group shares last traded at GBX 625 ($8.41), with a volume of 6,224,211 shares traded.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reiterated a "hold" rating and issued a GBX 557 ($7.49) target price on shares of Land Securities Group in a research report on Monday, March 3rd.

Read Our Latest Stock Analysis on LAND

Land Securities Group Stock Up 0.5%

The firm has a market capitalization of £4.63 billion, a PE ratio of -14.49, a PEG ratio of 12.39 and a beta of 1.44. The company has a fifty day moving average price of GBX 603.61 and a 200-day moving average price of GBX 578.08. The company has a debt-to-equity ratio of 59.04, a quick ratio of 0.54 and a current ratio of 0.42.

Land Securities Group (LON:LAND - Get Free Report) last released its quarterly earnings results 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 net margin of 38.71% and a negative return on equity of 4.88%. As a group, analysts expect that Land Securities Group Plc will post 49.8433829 earnings per share for the current year.

Land Securities Group Company Profile

(Get Free Report)

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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