Land Securities Group Plc (LON:LAND) Receives GBX 645 Average Price Target from Brokerages

Land Securities Group Plc (LON:LAND) has been given a consensus recommendation of “Moderate Buy” by the ten ratings firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is GBX 645.

Several research analysts have issued reports on the company. Citigroup dropped their target price on Land Securities Group from GBX 627 to GBX 604 and set a “neutral” rating on the stock in a research report on Thursday, April 2nd. The Goldman Sachs Group raised Land Securities Group to a “buy” rating and decreased their price objective for the stock from GBX 710 to GBX 690 in a research note on Monday, March 30th. Finally, Berenberg Bank decreased their price objective on Land Securities Group from GBX 917 to GBX 897 and set a “buy” rating on the stock in a research note on Monday, January 26th.

Land Securities Group Trading Up 1.1%

Shares of LON:LAND opened at GBX 595 on Friday. The stock has a market capitalization of £4.43 billion, a price-to-earnings ratio of 17.87, a PEG ratio of 12.39 and a beta of 1.14. The company has a debt-to-equity ratio of 72.33, a quick ratio of 0.54 and a current ratio of 0.78. The stock’s 50-day simple moving average is GBX 589.82 and its two-hundred day simple moving average is GBX 615.10. Land Securities Group has a 52-week low of GBX 522.50 and a 52-week high of GBX 678.50.

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.