Land Securities Group (LON:LAND) Stock Crosses Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Land Securities Group shares crossed above their 200-day moving average, reaching GBX 697.50 before closing at GBX 694.50 on trading volume of about 2.22 million shares.
• Analyst views are mostly positive, with six Buy ratings, three Holds and one Sell. The stock has a consensus “Moderate Buy” rating, though the average target price of GBX 641.33 is below its latest trading price.
• Insiders were net sellers recently, selling 257,194 shares worth approximately £181.6 million while purchasing just 94 shares; insiders own 0.53% of the company.

Land Securities Group Plc (LON:LAND - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 634.44 and traded as high as GBX 697.50. Land Securities Group shares last traded at GBX 694.50, with a volume of 2,221,920 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on LAND shares. 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. UBS Group reaffirmed a "buy" rating and issued a GBX 705 price target on shares of Land Securities Group in a research report on Monday, May 11th. Berenberg Bank reiterated a "buy" rating and set a GBX 897 price target on shares of Land Securities Group in a research note on Thursday, May 14th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a GBX 730 price objective on shares of Land Securities Group in a report on Friday, May 15th. Six analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Land Securities Group has a consensus rating of "Moderate Buy" and a consensus target price of GBX 641.33.

Land Securities Group Price Performance

The stock's 50 day moving average price is GBX 680.36 and its two-hundred day moving average price is GBX 634.44. The company has a debt-to-equity ratio of 68.76, a current ratio of 1.04 and a quick ratio of 0.54. The firm has a market capitalization of £5.17 billion, a price-to-earnings ratio of 15.13, a PEG ratio of 12.39 and a beta of 1.15.

Insider Buying and Selling at Land Securities Group

In other Land Securities Group news, insider Vanessa Simms sold 77,458 shares of the company's stock in a transaction dated Tuesday, July 28th. The shares were 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 firm's stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of GBX 706, for a total value of £892,828.78. In the last quarter, insiders purchased 94 shares of company stock worth $59,990 and sold 257,194 shares worth $181,578,964. Company 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.

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