Land Securities Group (LON:LAND) Share Price Passes Above 200-Day Moving Average - Should You Sell?

Key Points

• Land Securities shares rose above their 200-day moving average, reaching GBX 672.50 before closing at GBX 656, compared with the 200-day average of GBX 635.21.
• Analyst sentiment is generally positive, with six Buy ratings, three Holds and one Sell. The consensus rating is “Moderate Buy,” with an average price target of GBX 641.33, below the latest share price.
• Company insiders sold 257,194 shares worth approximately £1.58 million over the reported period, while insiders own just 0.53% of the company.

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 635.21 and traded as high as GBX 672.50. Land Securities Group shares last traded at GBX 656, with a volume of 3,722,297 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on LAND shares. Deutsche Bank Aktiengesellschaft restated 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 reiterated an "underperform" rating and issued a GBX 462 price objective on shares of Land Securities Group in a report on Friday, May 15th. Berenberg Bank reissued a "buy" rating and set a GBX 897 target price on shares of Land Securities Group in a research note on Thursday, May 14th. Finally, UBS Group restated a "buy" rating and set a GBX 705 target price on shares of Land Securities Group in a report on Monday, May 11th. Six analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of GBX 641.33.

Land Securities Group Stock Performance

The firm's 50 day moving average is GBX 686.22 and its two-hundred day moving average is GBX 635.21. The stock has a market capitalization of £4.89 billion, a PE ratio of 14.29, a P/E/G ratio of 12.39 and a beta of 1.15. The company has a debt-to-equity ratio of 68.76, a quick ratio of 0.54 and a current ratio of 1.04.

Insider Buying and Selling at Land Securities Group

In other news, insider Vanessa Simms sold 77,458 shares of the company's stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of GBX 706, for a total transaction of £546,853.48. Also, insider Mark Allan sold 126,463 shares of the company's stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of GBX 706, for a total value of £892,828.78. In the last 90 days, insiders sold 257,194 shares of company stock valued at $181,578,964. Insiders own 0.53% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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