Land Securities Group’s (LAND) “Underperform” Rating Reiterated at Jefferies Financial Group

Land Securities Group (LON:LAND – Get Free Report)‘s stock had its “underperform” rating restated by analysts at Jefferies Financial Group in a note issued to investors on Monday, MarketBeat reports. They presently have a GBX 462 price objective on the stock. Jefferies Financial Group’s price objective indicates a potential downside of 24.88% from the stock’s current price.

Land Securities Group Stock Up 1.2%

LON LAND traded up GBX 7.50 on Monday, hitting GBX 615. 5,324,938 shares of the stock traded hands, compared to its average volume of 27,640,820. The stock has a 50-day moving average of GBX 671.08 and a 200 day moving average of GBX 635.23. Land Securities Group has a twelve month low of GBX 525 and a twelve month high of GBX 726. The company has a market capitalization of £4.58 billion, a P/E ratio of 13.40, a price-to-earnings-growth ratio of 12.39 and a beta of 1.15. The company has a current ratio of 1.04, a quick ratio of 0.54 and a debt-to-equity ratio of 68.76.

Insiders Place Their Bets

In other news, insider Vanessa Simms sold 77,458 shares of Land Securities Group stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of GBX 706, for a total value of £546,853.48. Also, insider Mark Allan sold 53,273 shares of the business’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 £376,107.38. Over the last three months, insiders have acquired 91 shares of company stock worth $59,828 and have sold 257,194 shares worth $181,578,964. 0.55% of the stock is currently owned by corporate insiders.

About Land Securities Group

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Land Securities Group (LON:LAND)

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