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

Key Points

• Land Securities Group shares rose above their 200-day moving average of GBX 633.12, reaching GBX 715 before last trading at GBX 705 on volume of 2.26 million shares.
• Analyst sentiment is mixed but leans positive: six analysts rate the stock a Buy, three a Hold and one a Sell, resulting in a consensus “Moderate Buy” rating and an average target of GBX 641.33.
• Insiders sold 257,194 shares worth approximately £181.6 million over the past 90 days, including substantial sales by Mark Allan and Vanessa Simms; insiders own 0.53% of the company.

Land Securities Group Plc (LON:LAND - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 633.12 and traded as high as GBX 715. Land Securities Group shares last traded at GBX 705, with a volume of 2,256,629 shares.

Analysts Set New Price Targets

LAND has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a GBX 730 price target on shares of Land Securities Group in a research report on Friday, May 15th. Jefferies Financial Group reaffirmed an "underperform" rating and issued a GBX 462 price objective on shares of Land Securities Group in a research report on Friday, May 15th. Berenberg Bank reiterated a "buy" rating and set a GBX 897 price objective on shares of Land Securities Group in a research note on Thursday, May 14th. Finally, UBS Group reissued a "buy" rating and set a GBX 705 target price on shares of Land Securities Group in a research report on Monday, May 11th. Six analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of GBX 641.33.

Land Securities Group Stock Down 0.8%

The company has a 50-day moving average of GBX 675.82 and a 200-day moving average of GBX 633.12. The company has a market capitalization of £5.25 billion, a price-to-earnings ratio of 15.36, a price-to-earnings-growth ratio of 12.39 and a beta of 1.15. The company has a current ratio of 1.04, a quick ratio of 0.54 and a debt-to-equity ratio of 68.76.

Insider Transactions at Land Securities Group

In other news, insider Mark Allan sold 53,273 shares of the business's stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of GBX 706, for a total transaction of £376,107.38. Also, insider Vanessa Simms sold 77,458 shares of the stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of GBX 706, for a total transaction of £546,853.48. In the last 90 days, insiders have bought 94 shares of company stock worth $59,990 and have sold 257,194 shares worth $181,578,964. 0.53% of the stock is currently owned by 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.

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