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

Key Points

• Land Securities shares crossed above their 200-day moving average, reaching GBX 658 versus the GBX 642.60 average, with trading volume of approximately 3.7 million shares.
• Analyst sentiment is generally positive: six analysts rate the stock a Buy and four rate it a Hold, producing a “Moderate Buy” consensus and an average price target of GBX 654.33.
• Recent insider activity was predominantly selling, with insiders selling 257,194 shares over the past 90 days compared with purchases of just 69 shares; corporate insiders own 0.56% 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 Thursday. The stock has a 200-day moving average of GBX 642.60 and traded as high as GBX 658. Land Securities Group shares last traded at GBX 658, with a volume of 3,707,870 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts recently commented on LAND shares. Jefferies Financial Group reissued a "hold" rating and issued a GBX 593 price target on shares of Land Securities Group in a research report on Thursday, October 15th. Berenberg Bank lowered their target price on shares of Land Securities Group from GBX 931 to GBX 863 and set a "buy" rating for the company in a report on Wednesday, October 14th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Land Securities Group from GBX 730 to GBX 750 and gave the stock a "buy" rating in a report on Monday, October 5th. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of GBX 654.33.

Land Securities Group Price Performance

The company has a current ratio of 1.04, a quick ratio of 0.54 and a debt-to-equity ratio of 68.76. The business's fifty day moving average is GBX 647.32 and its 200 day moving average is GBX 642.60. The company has a market cap of £5.45 billion, a P/E ratio of 14.34, a PEG ratio of 12.39 and a beta of 1.15.

Insiders Place Their Bets

In other news, 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 transaction of £892,828.78. Also, insider Vanessa Simms sold 77,458 shares of the stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of GBX 706, for a total value of £546,853.48. In the last ninety days, insiders have bought 69 shares of company stock worth $44,598 and have sold 257,194 shares worth $181,578,964. 0.56% of the stock is owned by corporate 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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