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

Key Points

• Land Securities Group's stock price surpassed its 200-day moving average of GBX 584.16, reaching a high of GBX 638.50 during trading.
• Analysts hold a mixed outlook on the stock, with a median target price of GBX 693.25 and ratings ranging from "neutral" to "buy".
• Insider activity included notable sales, with an insider selling shares totaling over £1.4 million in late July, indicating potential concerns about stock performance.

Land Securities Group Plc (LON:LAND - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 584.16 ($7.83) and traded as high as GBX 638.50 ($8.56). Land Securities Group shares last traded at GBX 621 ($8.32), with a volume of 316,840,844 shares trading hands.

Wall Street Analyst Weigh In

LAND has been the subject of a number of analyst reports. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a GBX 710 target price on shares of Land Securities Group in a research note on Friday, July 11th. Peel Hunt restated a "buy" rating and issued a GBX 760 target price on shares of Land Securities Group in a report on Tuesday, September 30th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of GBX 693.25.

Land Securities Group Price Performance

The company has a market capitalization of £4.63 billion, a P/E ratio of 1,171.70, a P/E/G ratio of 12.39 and a beta of 1.44. The firm's fifty day moving average is GBX 570.92 and its 200 day moving average is GBX 584.16. The company has a debt-to-equity ratio of 59.04, a quick ratio of 0.54 and a current ratio of 0.42.

Insider Activity 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 that occurred on Monday, July 28th. The shares were sold at an average price of GBX 590, for a total transaction of £912,322.90. Also, insider Vanessa Simms sold 86,205 shares of the stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of GBX 586, for a total transaction of £505,161.30. In the last quarter, insiders have purchased 106 shares of company stock valued at $59,943. 0.53% of the stock is currently owned by company insiders.

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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