Land Securities Group plc (LON:LAND) had its price objective raised by equities researchers at HSBC from GBX 1,078 ($14.07) to GBX 1,210 ($15.79) in a report issued on Friday. The brokerage currently has a “buy” rating on the stock. HSBC’s price target would suggest a potential upside of 15.79% from the company’s current price.
A number of other equities research analysts have also commented on the stock. Deutsche Bank AG lowered shares of Land Securities Group plc to a “hold” rating and dropped their price objective for the stock from GBX 1,370 ($17.88) to GBX 1,000 ($13.05) in a report on Tuesday, September 13th. JPMorgan Chase & Co. decreased their target price on shares of Land Securities Group plc from GBX 1,450 ($18.93) to GBX 1,325 ($17.30) and set an “overweight” rating for the company in a research report on Tuesday, September 6th. BNP Paribas reaffirmed an “underperform” rating and issued a GBX 890 ($11.62) target price on shares of Land Securities Group plc in a research report on Thursday, September 1st. Morgan Stanley raised their target price on shares of Land Securities Group plc from GBX 960 ($12.53) to GBX 1,080 ($14.10) and gave the company an “equal weight” rating in a research report on Wednesday, August 31st. Finally, Jefferies Group reaffirmed a “hold” rating and issued a GBX 975 ($12.73) target price on shares of Land Securities Group plc in a research report on Friday, August 19th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of GBX 1,184.84 ($15.47).
Land Securities Group plc (LON:LAND) opened at 1036.00 on Friday. The stock’s 50 day moving average is GBX 1,069.72 and its 200-day moving average is GBX 1,095.84. The firm’s market cap is GBX 8.18 billion. Land Securities Group plc has a 12 month low of GBX 810.00 and a 12 month high of GBX 1,355.00.
In other Land Securities Group plc news, insider Noel,Robert sold 13,939 shares of Land Securities Group plc stock in a transaction dated Friday, July 8th. The shares were sold at an average price of GBX 962 ($12.56), for a total value of £134,093.18 ($175,033.52).
About Land Securities Group plc
Land Securities Group PLC is a United Kingdom-based holding company. The Company is a real estate investment trust (REIT). The Company operates through two segments: Retail Portfolio and London Portfolio. The Company’s Retail Portfolio includes all the shopping centers and shops (excluding central London shops), hotels and leisure assets, and retail warehouse properties.
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