Land Securities Group (OTCMKTS:LSGOF) Stock Price Up 11.5% - Still a Buy?

Key Points

• Shares of Land Securities Group jumped 11.5% to $8.0075 on Wednesday, but trading was very light at about 148 shares (roughly a 78% decline from the average daily volume of 679).
• Goldman Sachs upgraded the stock from a "hold" to a "strong-buy" on March 29, and MarketBeat lists the consensus rating as Strong Buy.
• The stock still trades below its 50-day ($8.53) and 200-day ($8.28) moving averages, indicating the price surge hasn't yet moved it above recent trend levels.

Land Securities Group PLC (OTCMKTS:LSGOF - Get Free Report) rose 11.5% during trading on Wednesday . The stock traded as high as $8.0075 and last traded at $8.0075. Approximately 148 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 679 shares. The stock had previously closed at $7.18.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded shares of Land Securities Group from a "hold" rating to a "strong-buy" rating in a research note on Sunday, March 29th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the stock has a consensus rating of "Strong Buy".

Land Securities Group Trading Up 11.5%

The business's fifty day moving average price is $8.53 and its 200 day moving average price is $8.28.

Land Securities Group Company Profile

Land Securities Group OTCMKTS: LSGOF, commonly known as Landsec, is one of the United Kingdom's largest commercial property development and investment companies. The firm specializes in the acquisition, development, and management of a diversified real estate portfolio, which spans office spaces, retail centres, leisure venues and residential projects. Landsec's integrated approach combines property investment with active asset and estate management, aiming to enhance value through strategic redevelopment and sustainable building practices.

Landsec's portfolio is concentrated primarily in key urban markets across the UK, with a particular focus on central London, major regional towns and cities.

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