Land Securities Group (OTCMKTS:LSGOF) Shares Gap Up – Time to Buy?

Land Securities Group PLC (OTCMKTS:LSGOF)’s stock price gapped up before the market opened on Monday. The stock had previously closed at $8.1525, but opened at $9.01. Land Securities Group shares last traded at $9.01, with a volume of 918 shares.

Analysts Set New Price Targets

Separately, Jefferies Financial Group upgraded Land Securities Group from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, October 14th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy”.

Land Securities Group Stock Performance

The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.57. The business has a fifty day moving average price of $8.80 and a two-hundred day moving average price of $8.67.

About Land Securities Group

Land Securities Group plc, commonly known as Landsec, is a United Kingdom-based real estate company that develops, owns and manages commercial property. Its portfolio includes offices, retail destinations, leisure facilities and mixed-use developments, with a particular focus on prominent locations in London and other major UK cities.

The company’s activities span property investment, development, asset management and the operation of retail and leisure destinations. Landsec also develops urban neighborhoods that combine residential, commercial, retail and public spaces, with projects designed to support businesses, residents and visitors.

Established in 1944, Landsec has evolved into one of the UK’s major property companies.